DOF ASA News
Financial Report 1st quarter 2018 for DOF ASA
Group operating income for Q1 (management reporting) totals NOK 1,690 million (NOK 1,677 million). Operating profit before depreciation and impairment (EBITDA) totals NOK 479 million (NOK 483 million). Ebitda adjusted for hedge accounting was NOK 520 million (NOK 530 million). Operating profit (EBIT) is NOK -11 million (NOK -102 million), of which depreciation and impairment totals NOK 490 million (NOK 586 million).
The average utilisation of the Group's owned fleet during 1st quarter was 72%. The utilisation of the subsea fleet was 72%, the AHTS fleet 68% and the PSV fleet 76%.
The Group backlog by end of March 2018 was approx. NOK 22 billion. During 1st quarter the Group has been awarded several contracts with start up in 2nd and 3rd quarter.
The Company completed successfully a repair issue of NOK 202 million in February.
Please see enclosed Q1 Financial Report 2018.
>>> DOF ASA Q1 2018 Financial Report (PDF)
Webcast is available Wednesday 09.05.2018 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