DOF Group ASA - Capital Markets Day, 10 September 2024
DOF Group ASA will today host a Capital Markets Day from 11:30 – 15:00 CEST.
The presentation will be held by DOF’s CEO Mons Aase, CFO Hilde Drønen and other key executives across the company. The presentation material is attached to this release and will be available on DOF’s website.
Key highlights from the presentation:
- Well positioned with a global organization and the right fleet composition for delivering integrated subsea services
- Perfect fleet, track record and competence for floating wind
- Strong and increasing earnings – guidance second half 2024 EBITDA of USD 265-285 million. Several contracts with material uplift to commence late 2024 and into 2025
- Continuing to build backlog – now at all-time-high levels
- Growing chartered-in fleet
- Delivering on the deleveraging strategy – NIBD/EBITDA at 1.5x in 2025
- Increasing scale and capacity in key markets through the accretive transaction with Maersk Supply Service
- Introducing quarterly dividends in Q2 2025
- Continued strong focus on our ESG commitments
A live webcast will be available on https://www.dof.com/webcast, and a recording of the presentation will be published on the same webpage after the event.
For further information, please contact:
Martin Lundberg, SVP Finance DOF Group ASA
Phone: +47 91 62 10 57
E-mail: martin.lundberg@dof.com
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
E-mail: eirik.vardoy@dof.com
About DOF Group ASA:
With a multi-national workforce of about 4,100 personnel, DOF Group 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 40 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, 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, Argentina, Canada, Angola, and Australia.