September 21, 2017 4:23 PM ET

Energy Equipment and Services

Company Overview of DOF Installer ASA

Company Overview

DOF Installer ASA engages in owning, short or long term chartering, and suppling vessels for the subsea and AHTS market primarily in Norway and Singapore. It owns high-end subsea and AHTS vessels comprising Skandi Hercules and Skandi Skansen. The company was founded in 2006 and is headquartered in Storebø, Norway. DOF Installer ASA is a subsidiary of DOF Subsea AS.

Alfabygget

Storebø,  5392

Norway

Founded in 2006

Key Executives for DOF Installer ASA

Managing Director
Age: 43
Compensation as of Fiscal Year 2017.

DOF Installer ASA Key Developments

DOF Installer ASA Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

DOF Installer ASA announced consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported operating income of NOK 39 million compared to NOK 55 million a year ago. Operating profit before depreciation (EBITDA) was NOK 35 million compared to NOK 50 million a year ago. Operating profit was NOK 25 million compared to operating loss of NOK 18 million a year ago. Profit before tax was NOK 14 million compared to loss of NOK 25 million a year ago. Profit for the period was NOK 14 million compared to loss of NOK 25 million a year ago. Net cash flow from operating activities was NOK 30 million compared to NOK 11 million a year ago. Purchase of tangible assets and contracts was NOK 465 million compared to NOK 7 million a year ago. For the six months, the company reported operating income of NOK 79 million compared to NOK 85 million a year ago. Operating profit before depreciation (EBITDA) was NOK 71 million compared to NOK 78 million a year ago. Operating profit was NOK 27 million compared to operating loss of NOK 82 million a year ago. Profit before tax was NOK 4 million compared to loss of NOK 114 million a year ago. Profit for the period was NOK 4 million compared to loss of NOK 114 million a year ago. Net cash flow from operating activities was NOK 60 million compared to net cash used in operating activities of NOK 43 million a year ago. Purchase of tangible assets and contracts was NOK 465 million compared to NOK 49 million a year ago.

DOF Installer ASA Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2017

DOF Installer ASA announced unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported operating income of NOK 40 million compared to NOK 30 million a year ago. Operating profit before depreciation (EBITDA) was NOK 36 million compared to NOK 28 million a year ago. Operating profit was NOK 2 million compared to operating loss of NOK 65 million a year ago. Loss before tax was NOK 10 million compared to NOK 89 million a year ago. Loss for the period was NOK 10 million compared to NOK 89 million a year ago. Net cash flow from operating activities was NOK 30 million compared to net cash used in operating activities of NOK 54 million a year ago.

DOF Installer ASA, Annual General Meeting, May 22, 2017

DOF Installer ASA, Annual General Meeting, May 22, 2017, at 09:00 Central European Standard Time. Location: Alfabygget Storebø Norway Agenda: To consider the election of chairperson; to consider the election of one shareholder present to co-sign the minutes of the General Meeting; to consider the approval of notice and agenda; to consider the approval of annual accounts, annual report and auditor`s statement for 2016; to consider the approval of an agreement entered into between the Company and DOF Subsea AS for the purchase by the company of 100% of the shares in Canadian Subsea Shipping Company AS, from DOF Subsea AS; to consider the determination of remuneration to the Board of Directors and auditor for 2016; to consider the election authorization for the Board of Directors to purchase own shares; and to consider the authorization for the Board of Directors to increase the company's share capital.

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Recent Private Companies Transactions

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