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14/11-2017 20:00:19: (DOF) Financial Report 3rd quarter 2017 for DOF ASA

Group operating income in Q3 (management reporting) totals NOK 1,801 million
(NOK 2,036 million), and Ebitda totals NOK 562 million (NOK 727 million). Ebitda
adjusted for hedge accounting was NOK 607 million (NOK 767 million). Ebit totals
NOK -124 million (NOK -495 million), including depreciation and impairment of
NOK 686 million (NOK 1,222 million).

Group operating income YTD (management reporting) totals NOK 5,380 million (NOK
6,657 million) and YTD Ebitda NOK 1,676 million (NOK 2,290 million).

The average utilisation of the Group's owned fleet in Q3 was 73%; the subsea
fleet 72%, the AHTS fleet 69% and the PSV fleet 79%. The Group had by end of the
quarter six vessels in lay-up.

Skandi Vinland has started on its 10-years contract with Husky Energy in Canada
in July, and Skandi Darwin has after a conversion arrived Australia to start its
contract with at the Prelude Field. Skandi Bergen was added to the fleet as
management vessel in July.

The Group has been awarded several contracts during the quarter securing a
strong contract coverage for the remainder of 2017 (74%).

Current backlog totals NOK 23 billion.

Please see enclosed Q3 Financial Report 2017.
Webcast is available Wednesday 15.11.2017 at 08:30 on

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 4,000 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

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Nyheten er levert av OBI.

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