DOF Group ASA's ("DOF" or the "Group") revenue for the second quarter (management reporting) totals $712 million ($507 million) and EBITDA totals $358 million ($214 million). EBITDA before net of gain on sales and insurance settlement on Skandi Amazonas total $238 million. The operating profit (EBIT) is $234 million ($150 million). Net financial cost amounts to $-19 million ($10 million), including realized and unrealized currency gain of $4 million (gain $37 million). The result after taxes is $146 million ($136 million). The Group's net interest-bearing debt is $1,474 million ($1,368 million). The equity is $2,094 million ($1,942 million) giving an equity ratio of 46% (46%).
Key Highlights in the Second Quarter
– The Group delivered EBITDA of $358 million ($214 million), $238 million before net of gain on sales and the insurance settlement on Skandi Amazonas
– A constructive total loss on Skandi Amazonas has been declared and insurance settlement has been booked impacting the revenue and EBITDA with $111 million and $110 million respectively
– Utilization of 88% (88%)
– The NIBD/LTM EBITDA is 1.8x
– Dividend for the quarter of $0.38 per share declared
– Firm backlog by end June is $6.7 billion ($3.7 billion), and $7.2 billion including contracts after balance date.
Note: all numbers commented above are based on management reportin
