Financial Report 4th quarter and preliminary results 2013 DOF ASA

The DOF Group has achieved a total revenue of NOK 2 633 million and an operational EBITDA of NOK 830 million in 4th quarter. Operational result (EBIT) was NOK 534 million. The subsea project activity has been record high this quarter and with a utilization rate of 94% for the subsea fleet. The utilization rate for the PSV and AHTS segments has been 91%. The Group has to date built a historically high back log of in total NOK 62 billion.

Please find enclosed Financial Report 4th quarter 2013.

Webcast is available Thursday 27 February at 08:15 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 4,600 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.