Financial Report 4th quarter 2022 for DOF Subsea AS

23 Feb 2023 20:10 CET

The Group’s operating revenue for the 4th quarter (management reporting) was NOK
2,537 million (NOK 2,096 million in Q4 2021) and the operating profit before
depreciation and impairment (EBITDA) was NOK 892 million (NOK 609 million).
The average utilisation of the Group's fleet during the 4th quarter was 96%; 94%
for the Subsea/IMR Projects fleet and 99% for the Long-term Chartering fleet.
The Group has a firm backlog of approximately NOK 12.6 billion.
Please see enclosed the 4th quarter 2022 Financial Report.

For further information, please contact:
Mons S. Aase, CEO DOF Subsea AS - Tel: +47 91 66 10 12
Martin Lundberg, CFO DOF Subsea AS - Tel: +47 91 62 10 57

About DOF Subsea:
The DOF Subsea Group is a specialist subsea service business that provides
subsea construction, subsea engineering, inspection, repair and maintenance and
survey services, which involve complex and challenging engineering in an
international environment.
DOF Subsea owns a large fleet of modern subsea construction, intervention and
survey vessels that enable it to offer differentiated positions with its clients
and work in long term relationships, which enhance service delivery and reduce
the overall risk.
The company’s core business is project management, engineering, vessel
operations, survey, remote intervention and diving operations, primarily for the
Oil and Gas, Marine Telecommunications and Renewables markets. www.dofsubsea.com

More information:
Access the news on Oslo Bors NewsWeb site

583445_DOF Subsea Group Q4 2022.pdf