Financial Report 2nd quarter 2015 for DOF ASA
The DOF Group’s total revenue is NOK 2 778 million in 2nd quarter and the EBITDA is NOK 976 million. The operational EBITDA (excluding gain from sales of assets) is NOK 838 million. EBIT was NOK 410 million and includes write-downs of NOK 262 million in the period. Profit before tax is NOK 325 mill.
The utilisation rate for the Group’s fleet was NOK 91% in 2nd quarter. The utilisation rate for the project fleet was 78%.
The Group has sold five vessels this quarter. Year to date the Group has sold eight vessels and released approx. NOK 1 150 million in cash after repayment of debt. One newbuilding has been delivered this quarter and has started on a long term contract in May.
The Group has to date a back log of 84% in 2015 representing a nominal value of NOK 64,4 billion including options of NOK 33,8 billion.
Please find enclosed Financial Report 2nd quarter 2015.
Webcast is available Thursday 13.08.15 at 08:30 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 5,000 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.