DOF Group ASA
DOFG
ISIN NO0012851874 / Valor 126006425
DOF Group ASA
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About company
DOF Group ASA is a Norwegian-based company specializing in the provision of offshore services to the oil and gas industry. The company operates through its subsidiaries, including DOF Subsea AS, Norskan Offshore Ltda, DOF Rederi AS, and DOF Management AS. DOF Group ASA offers a range of services such as subsea engineering, construction, inspection, maintenance, and repair, as well as vessel management and marine operations. The company’s fleet includes a variety of advanced offshore vessels designed to support complex subsea operations. With a global presence, DOF Group ASA serves clients in various regions, providing critical support for offshore exploration and production activities.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (13.06.2024):
Revenue Growth
In the first quarter of 2024, DOF Group ASA reported a significant increase in operating revenue, reaching USD 330 million compared to USD 295 million in the same quarter of the previous year. This growth highlights the company's ability to expand its market presence and capitalize on higher demand across its operational regions.
EBITDA Performance
DOF Group ASA's EBITDA for Q1 2024 showed a robust improvement, standing at USD 114 million, up from USD 104 million in Q1 2023. This improvement in EBITDA reflects the company's effective cost management and operational efficiency during the period.
Profitability Enhancement
The net profit for DOF Group ASA in Q1 2024 demonstrated a positive trajectory, with the company achieving a net profit of USD 25 million, a significant recovery from a net loss of USD 5 million in Q1 2023. This turnaround is indicative of successful strategic initiatives and operational adjustments.
Debt and Equity Management
As of the end of Q1 2024, DOF Group ASA reported a stable equity ratio of 34%, maintaining the same level as at the end of 2023. The company's net interest-bearing debt (NIBD) to EBITDA ratio also remained steady at 2.9x, reflecting a balanced approach to financial management and debt servicing.
Future Outlook and Investments
DOF Group ASA continues to focus on strategic growth and operational excellence. With a firm backlog of USD 1.94 billion as of Q1 2024, the company is well-positioned for future revenue streams. Additionally, the sale of two PSVs and the ongoing high tendering activity signal a strong outlook for the coming quarters.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1762 M
Market cap (USD)
1,110,608
Daily traded volume (Shares)
82.9 / 80.55
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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