DOF Group ASA will present its Q1 2025 results on Friday 16 May 2025 at 14:00 CEST. The report will be available at www.dof.com and www.newsweb.no.
The presentation will be digital only and 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.
The presentation will be held by CEO Mons S. Aase and CFO Martin Lundberg.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA. Phone: +47 948 36 464
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DOF has been awarded a contract by an international energy operator to repair an export cable for an offshore wind farm in Southern North Sea.
The project includes the retrieval of the damaged cable and termination, installation, trenching and commissioning of the replacement cable.
DOF’s contract scope includes project management, engineering, procurement and logics of cable and all associated equipment as well as the complete offshore works.
Preparations have already commenced from DOF’s expert cable team across Aberdeen, Scotland and Bergen, Norway. Offshore execution is planned from March and onwards. The vessel Skandi Hera is scheduled as the installation vessel.
The value of the project is approximately USD 13 million.
DOF’s group CEO Mons S. Aase says, “This award demonstrates trust in DOF’s cable solutions within the renewable energy segment. We look forward to executing this highly important project to our highest standards”.
For further information, please contact:
Martin Lundberg, SVP Finance and Investor Relations DOF Group ASA
Phone: + +47 916 21 057
E-mail: martin.lundberg@dof.com
DOF Group is proud to have attained an A- score in theCarbon Disclosure Project (CDP) 2023. Commitment to meaningful and measurableenvironmental action is more critical than ever, which is why DOF disclosedthrough CDP in 2023, which we have done every year since 2010. Along withapproximately 23,000 companies, we are harnessing the power of our data throughtransparency and accountability to set a course to sustainable future.
We are also proud of our commitment to report ourenvironmental performance and of the progress we have made over time. Read moreabout DOF's sustainable developments in our latest annual report.
DOF Group is pleased to announce that an option has been exercised for the vessel Skandi Africa. The firm commitment now runs until February 2026.
For further information, please contact:
Martin Lundberg, SVP Finance and Investor Relations DOF Group ASA
Phone: + +47 916 21 057
E-mail: martin.lundberg@dof.com
DOF Group ASA will present the Q4 results on Friday 23rd of February 2024. The report will be available at www.dof.com and www.newsweb.no.
The presentation of the quarterly results will be held at 08:30 CET at Norges Rederiforbund, Rådhusgaten 25, 7th floor, Oslo, and as a webcast at the same time on: https://www.dof.com/webcast
The presentation will be held by Chair of the Board Svein Harald Øygard, CEO Mons S. Aase and CFO Hilde Drønen.
Due to practical reasons, we ask those of you interested in attending the presentation at Norges Rederiforbund to please register to Margrethe R. Østervold, e-mail mro@dof.com, within Wednesday 21st of February.
For further information, please contact:
Martin Lundberg, SVP Finance and Investor Relations DOF Group ASA
Phone: +47 916 21 057
E-mail: martin.lundberg@dof.com
Hilde Drønen, CFO of DOF Group ASA, has decided to step down from her role by the end of 2024. Drønen has served the position as CFO since 2005.
Martin Lundberg, SVP Finance and Head of Investor Relations, will be appointed as the new CFO for the Group and will work closely with Mrs. Drønen until the end of the year.
CEO Mons S. Aase says: “I’ve been working together with Hilde for more than 25 years and I am thankful for her huge contribution and capacity through all these years. Hilde has provided the company with strong financial leadership and has been instrumental in positioning DOF for long-term success and especially through the recent financial restructuring”.
Hilde Drønen says: “It has been an exciting journey working for DOF and I feel privileged and proud being part of the DOF team. I am very confident that Martin is the right person in his new role due to his extensive knowledge and experience in DOF.”
Lundberg joined DOF in 2010. He was promoted to CFO DOF Subsea from January 2021 until being appointed SVP Finance/Head of IR in 2023.
We will soon start the search for a replacement for Mr. Lundberg as Head of IR and any candidates are welcome to contact Mrs. Drønen (+47 91661009) or Mr. Lundberg (+47 91621057).
For further information please contact: Mons Aase, + 47 91661012
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DOF is pleased to announce a contract award and a contract extension securing further backlog for the APAC region.
The latest contract secured for the region will utilise Skandi Hercules and see the vessel fully utilised off the Australian coast into Q3 2024. The contracted scope includes project management and engineering, logistics support and execution of various inspection, maintenance, and repair (IMR) activities.
In addition, a contract extension has been secured for Skandi Singapore with the vessel fully committed through Q3 2024 with further options available into Q1 2025.
The combined value is in excess of USD 20 million for the firm part.
Mons Aase, CEO DOF Group ASA, said: "I am very pleased with these awards bringing the APAC region close to full utilisation for first half 2024 at improved rates and margins."
For further information, please contact:
Martin Lundberg, SVP Finance, and Investor Relations DOF Group ASA
Phone: +47 91 62 10 57
E-mail: martin.lundberg@dof.com
DOF has been awarded a contract by Altera Infrastructure to install one FPSO (Floating Production, Storage and Offloading unit) and one FSO (Floating Storage unit) for the phase 2 development of the Baleine field in Cote d'Ivoire, West Africa, operated by Eni with Petroci Holding as partner.
The project includes the complete installation of seabed mooring systems, flowline between FSO and FPSO, and associated equipment.
DOF`s contract scope includes project management, engineering, transportation, installation and hook-up of floating units in the field. DOF shall mobilize Skandi Skansen to the project, totaling more than 130 vessel days.
"This award recognizes DOF`s solid performance within installation of floating units. We look forward to executing the project safely and successfully", says Mons S. Aase, CEO in DOF Group.
Project Management and engineering will commence immediately from DOF`s offices in Bergen, Norway and Aberdeen, Scotland. Offshore operations are planned to take part from Q3, 2024.
For further information, please contact:
Martin Lundberg, SVP Finance and Investor Relations DOF Group ASA
Phone: + +47 916 21 057
E-mail: martin.lundberg@dof.com