Financial Report 3rd Quarter 2020 for DOF Subsea

Source: www.gulfoilandgas.com 11/12/2020, Location: Europe

The Group's operating income for the 3rd quarter (management reporting) was NOK 1 547 million (NOK 1 458 million in Q3 2019) and the operating profit before depreciation and impairment (EBITDA) was NOK 707 million (NOK 545 million).

The average utilisation of the Group's fleet during the 3rd quarter was 83% ; 78% for the Subsea/IMR Project fleet and 95% for Long-term Chartering fleet.

At the end of the 3rd quarter, the Group had a firm backlog of NOK 13.1 billion.


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