DOF Group Full Year 2024 Earnings: Beats Expectations

DOF Group (OB:DOFG) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.39b (up 23% from FY 2023).
• Net income: US$178.0m (down 51% from FY 2023).
• Profit margin: 13% (down from 32% in FY 2023).
• EPS: US$0.93 (down from US$2.16 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

DOF Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 24%.

The primary driver behind last 12 months revenue was the DOF Subsea segment contributing a total revenue of US$1.14b (82% of total revenue). Explore how DOFG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Energy Services industry in Norway.

Performance of the Norwegian Energy Services industry.

The company's shares are down 14% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with DOF Group (including 1 which can't be ignored) .

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.