Bouvet

Earnings Release • May 22, 2024

STRONG PERFORMANCE FOUNDED ON CELLECTIVE EFFORTS AND LONG-TERM PERSPECTIVE

STRONG PERFORMANCE FOUNDED ON CELLECTIVE EFFORTS AND LONG-TERM PERSPECTIVE

Oslo, 22 May 2024: Bouvet had operating revenues of NOK 1 015.7 million for the first quarter of 2024, compared with NOK 945.1 million in the same period of last year. Operating profit (EBIT) came to NOK 135 million, compared with NOK 131.6 million in the first quarter of 2023.

“The first quarter of 2024 was very good for Bouvet, with robust revenue growth, strong profitability and many new, committed Bouveters joining the team. We are proud of and pleased with the results achieved and the value we have managed to create together,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 880.7 million for the first quarter, compared with NOK 813.5 million in the same period of 2023. That represents an increase of 8.3 per cent.

The EBIT margin for the first quarter was 13.3 per cent, compared with 13.9 per cent in the first quarter last year.

Net profit came to NOK 105.2 million, compared with NOK 104.7 million for the first quarter of 2023. Diluted earnings per share were NOK 1.01 for the quarter, compared with NOK 1.00 in the same period of last year.

Further information from

Per Gunnar Tronsli, CEO, Bouvet ASA, tel +47 900 20 622

Trude Hole, CFO, Bouvet ASA, tel +47 977 10 344

Bouvet ASA in brief

Bouvet is a leading consultancy in the field of IT and digital communication. We support both private- and public-sector players with digitalisation, and help them to meet the challenges and exploit the opportunities presented by new technology. By executing assignments for and in collaboration with important societal stakeholders, we are involved in helping society to progress. At 31 March 2024, it had 2 316 employees at 17 offices in Norway and Sweden.

The company is listed on the Oslo Stock Exchange with the ticker code BOUV.