The Group’s operating income for the 1st quarter (management reporting) was NOK 1 329 million (NOK 1 103 million in Q1 2019) and the operating profit before depreciation and impairment (EBITDA) was NOK 491 million (NOK 365 million). The average utilisation of the Group's fleet during the 1st quarter was 76%; 73% for the Subsea/IMR Project fleet and 82% for Long-term Chartering fleet. At the end of the 1st quarter DOF Subsea – Tel: +47 91 66 10 12 Marianne Møgster SVP Finance DOF Subsea – Tel: +47 99 30 69 16 About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company’s core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com"
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