DOF Group ASA

DOFG

Equity

ISIN NO0012851874 / Valor 126006425

Oslo Stock Exchange (2025-03-28)

NOK 94.50%

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 Services

Revenue and EBITDA

DOF Group ASA reported a revenue of USD 376 million for the 3rd quarter of 2024, showing an increase from the previous USD 322 million. The EBITDA for the same period was USD 141 million, up from USD 123 million, indicating a strong operational performance.

Operating Profit and Net Financial Costs

The operating profit (EBIT) for DOF Group ASA in the 3rd quarter of 2024 was USD 88 million, slightly higher than the USD 85 million recorded previously. Net financial costs were significantly reduced to USD -9 million, benefiting from an unrealized currency gain of USD 17 million.

Net Profit and Debt Reduction

DOF Group ASA achieved a net profit of USD 69 million in the 3rd quarter of 2024, a substantial increase from USD 27 million. The Group also reduced its net interest-bearing debt from USD 1,372 million to USD 1,143 million, reflecting improved financial health.

Equity and Cash Flow

The equity of DOF Group ASA rose to USD 1,195 million in the 3rd quarter of 2024, resulting in an improved equity ratio of 39%. The cash flow from operating activities was USD 124 million, slightly down from USD 141 million in the previous period.

Fleet Utilization and Order Backlog

DOF Group ASA reported an average fleet utilization of 92% in the 3rd quarter of 2024, up from 85%. The order intake for the quarter was USD 0.5 billion, with a firm backlog of USD 2.75 billion, indicating strong future revenue potential.

Summarized from source with an LLMView Source

Key figures

28.3%1Y

%3Y

%5Y

Performance

35.3%1Y

33.8%3Y

33.8%5Y

Volatility