DOF ASA News
Financial Report 3rd quarter 2017 for DOF ASA
Group operating income in Q3 (management reporting) totals NOK 1,801 million (NOK 2,036 million), and Ebitda totals NOK 562 million (NOK 727 million). Ebitda adjusted for hedge accounting was NOK 607 million (NOK 767 million). Ebit totals NOK -124 million (NOK -495 million), including depreciation and impairment of NOK 686 million (NOK 1,222 million).
Group operating income YTD (management reporting) totals NOK 5,380 million (NOK 6,657 million) and YTD Ebitda NOK 1,676 million (NOK 2,290 million).
The average utilisation of the Group's owned fleet in Q3 was 73% ; the subsea fleet 72%, the AHTS fleet 69% and the PSV fleet 79%. The Group had by end of the quarter six vessels in lay-up.
Skandi Vinland has started on its 10-years contract with Husky Energy in Canada in July, and Skandi Darwin has after a conversion arrived Australia to start its contract with at the Prelude Field. Skandi Bergen was added to the fleet as management vessel in July.
The Group has been awarded several contracts during the quarter securing a strong contract coverage for the remainder of 2017 (74%).
Current backlog totals NOK 23 billion.
Please see enclosed Q3 Financial Report 2017.
DOF ASA Q3 2017 Financial Report - English (pdf)
Webcast is available Wednesday 15.11.2017 at 08:30 on www.dof.com.
CEO Mons Aase, Tel + 47 91 66 10 12
CFO Hilde Drønen, Tel + 47 91 66 10 09