Financial calendar for DOF ASA
FINANCIAL YEAR 2019
28.11.2019 - Quarterly Report - Q3
21.02.2020 - Quarterly Report - Q4
Updated financial calendar for 2019.
This information is published pursuant to the requirements set out in the
Continuing obligations.
Historical OSE Notices
Financial calendar
August 27, 2019
Finansiell kalender for DOF ASA
REGNSKAPSÅR 2019
28.11.2019 - Kvartalsrapport - Q3
21.02.2020 - Kvartalsrapport - Q4
Oppdatert finanskalender for 2019.
Denne informasjonen offentliggjøres i henhold til kravene i Løpende
forpliktelser.
Historical OSE Notices
Finansiell kalender
August 27, 2019
DOF has been awarded two AHTS contracts to support drilling operations in New
Zealand. Skandi Emerald and Skandi Atlantic, built in 2011 and 2012
respectively, have been contracted by OMV NZ for 2 wells firm, plus 2 x 1 well
options, to support drilling rig COSL Prospector. Both vessels are currently
supporting the same rig with another Operator in New Zealand, and commencement
with OMV will be on completion of this campaign during Q4 2019.
Mons S. Aase, CEO DOF ASA comments "I'm very happy with this new award in New
Zealand, securing good backlog for these units into 2020".
For further information, please contact:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
With a multi-national workforce of about 3,500 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 35 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, Argentina, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
New contracts
August 20, 2019
The Group's operating income for 2nd quarter (management reporting) totals NOK
1,854 million (NOK 1,804 million) and the operating profit before depreciation
and impairment (EBITDA) totals NOK 669 million (NOK 560 million). The Ebitda
adjusted for hedge accounting is NOK 712 million (NOK 594 million) and the
operating profit (EBIT) is NOK 181 million (NOK 179 million), of which
depreciation and impairment total NOK 488 million (NOK 380 million).
The average utilisation of the Group's fleet during the 2nd quarter was 74% ; 67%
for the subsea fleet, 69% for the AHTS fleet and 93% for the PSV fleet.
The market has improved for the supply fleet, but the market is still
challenging for the Subsea IMR fleet. The vessels on term contracts have
achieved high utilisation in the quarter.
The Group's backlog is NOK 20 billion.
As reported in 1st quarterly report, the Group experienced that regular
refinancing has been challenging and a short-term refinancing has been secured
during 2nd quarter. The Board and Management are working on a long-term solution
to secure satisfactory financing and liquidity for the Group.
The operational Ebitda in 2nd half 2019 is expected to be higher than 1st half
2019.
Please see enclosed 2nd quarter Financial Report 2019
Webcast is available Tuesday, 20th August 2019 at 08:30 on www.dof.com.
Contact:
CEO Mons Aase, Tel + 47 91 66 10 12
CFO Hilde Drønen, Tel + 47 91 66 10 09
With a multi-national workforce of about 3,500 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 35 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, Argentina, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Financial Report 2nd quarter for DOF ASA
August 20, 2019
DOF ASA will present the Q2 results 2019 at Norges Rederiforbund, Rådhusgt. 25,
7th floor, Oslo, on Tuesday 20 August 2019 at 08:30.
The presentation will be held by CEO Mons S. Aase and CFO Hilde Drønen.
Due to practical reasons we ask those of you interested in attending the
presentation, to please register to Margrethe R. Østervold, e-mail mro@dof.com,
within Friday 16 August 2019.
The presentation will be webcasted at www.dof.com.
With a multi-national workforce of about 3,500 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 35 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, Argentina, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Invitation to presentation of Q2 2019 results
August 12, 2019
DOF Subsea Group is proud to announce the successful contract award for a major
operator within the UKCS sector to decommission subsea infrastructure in Q3,
2019. The works will be undertaken by the Skandi Skansen together with DOF owned
AHTS vessels. This is the second award with the same operator in as many months
in the decommissioning segment.
For further information, please contact:
Mons S. Aase, CEO - Tel: +47 91 66 10 12
Hilde Drønen, CFO - Tel: +47 91 66 10 09
With a multi-national workforce of about 3,500 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 35 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, Argentina, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
Contract award for Skandi Skansen
August 8, 2019
DOF Rederi AS, a wholly owned subsidiary of DOF ASA, has signed a 5-year
contract for the PSV Skandi Feistein with Esso Australia Pty Ltd.
The contract will commence in second half 2019. Skandi Feistein is a large PSV
built in Norway in 2011.
Mons S. Aase, CEO DOF ASA comments: "This is a very important win for us. It is
our first long term contract with Esso in Australia and an important step in our
strategy of growing our fleet in the APAC region. I think this award is further
proof of our ability to deliver world class services on a global basis."
For further information, please contact:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
With a multi-national workforce of about 3,500 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 35 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, Argentina, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
Long term contract for PSV Skandi Feistein with Esso Australia
August 6, 2019
