The Group’s operating revenue for the 4th quarter (management reporting) was NOK 2,537 million (NOK 2,096 million in Q4 2021) and the operating profit before depreciation and impairment (EBITDA) was NOK 892 million (NOK 609 million). The average utilisation of the Group's fleet during the 4th quarter was 96%; 94% for the Subsea/IMR Projects fleet and 99% for the Long-term Chartering fleet. The Group has a firm backlog of approximately NOK 12.6 billion.

Please see enclosed the 4th quarter 2022 Financial Report.
>>> DOF Subsea Q4 2022 Financial Report (PDF)

For further information, please contact:
Mons S. Aase, CEO DOF Subsea AS - Tel: +47 91 66 10 12
Martin Lundberg, CFO DOF Subsea AS - Tel: +47 91 62 10 57