Financial Report 1st quarter 2014 DOF ASA

The DOF Group has in 1stquarter achieved a total revenue of NOK 2 240 million and an EBITDA of NOK 960 million including gain from sale of Skandi Bergen.  Ebit is NOK 728 million and profit after tax is NOK 405 million. Total back log for the Group is NOK 61 billion.

Please find enclosed Financial Report 1st quarter 2014.

Webcast is available Thursday 15 May, from 11:00 o’clock  on www.dof.no.

Contact: 

CEO Mons Aase, Tel. +47 91 66 10 12

CFO Hilde Drønen, Tel + 47 91 66 10 09

With a multi-national workforce in excess of 4,900 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 30 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity.

DOF’s core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry.

The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentine, Egypt, Angola, and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.