Financial Report 4th quarter for DOF Subsea

The Group's operating income for the 4th quarter (management reporting) was NOK 1,329 million (NOK 1 166 million in Q4 2018) and the operating profit before depreciation and impairment (EBITDA) was NOK 543 million (NOK 342 million).

The average utilisation of the Group's fleet during the 4th quarter was 77% ; 76% for the Subsea/IMR Project fleet and 78% for Long-term Chartering fleet.  At the end of the 4th quarter, the Group had a firm backlog of NOK 12,8 billion.  

Please see enclosed the 4th quarter 2019 Financial Report and presentation.
>>> DOF Subsea Financial Report Q4 2019 (PDF)
>>> DOF Subsea Quarterly Presentation Q4 2019 (PDF)

For further information, please contact:
Mons S. Aase, CEO, DOF Subsea - Tel: +47 91 66 10 12
Marianne Møgster, SVP Finance, DOF Subsea - Tel: +47 99 30 69 16