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    DOF unveils latest financials

    Company News // August 14, 2015

    DOF Group's total revenue for the second quarter of 2015 was NKr 2,778 million and the EBITDA was NKr 976 million. Operational EBITDA (excluding gain from sales of assets) was NKr 838 million. EBIT was NKr 410 million and includes write-downs of NKr 262 million. Profit before tax was NKr 325 million.

    The utilisation rate for the group's fleet was 91 per cent. The utilisation rate for the project fleet was 78 per cent.

    The group sold five vessels in the last quarter. Year to date the group has sold eight vessels and released approximately NKr 1,150 million in cash after repayment of debt. One newbuilding was delivered in the quarter and started a long term contract in May.

    The group has a backlog of 84 per cent in 2015 representing a nominal value of NKr 64.4 billion including options of NKr 33.8 billion.

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