Bouvet

Earnings Release • Feb 16, 2024

SOLID GROWTH AND PROGRESS FOR BOUVET

SOLID GROWTH AND PROGRESS FOR BOUVET

Oslo, 16 February 2024: Bouvet had operating revenues of NOK 969.7 million for the fourth quarter of 2023, compared with NOK 851.7 million in the same period of last year. Operating profit (EBIT) came to NOK 106.3 million, compared with NOK 116.3 million in the fourth quarter of 2022.

The 2023 operating revenues increased 14.3 per cent to NOK 3 525.8 million. For the same period, the operating profit ended at NOK 407 million, compared with NOK 401.7 million last year.

“This quarter marked the conclusion of a very good year for us. We have never delivered growth and progress on such a scale before, and have never had so many “Bouveteers” on the team. When we’re also creating as much profitable growth as we are, we can declare ourselves extremely satisfied with these three months,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 863.4 million for the fourth quarter, compared with NOK 735.4 million in the same period of 2022.

The EBIT margin for the fourth quarter was 11 per cent, compared with 13.7 per cent in the fourth quarter last year.

Net profit came to NOK 88.3 million, compared with NOK 94.3 million for the fourth quarter of 2022. Diluted earnings per share were NOK 0.85 for the quarter, compared with NOK 0.90 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. At the end of the quarter, it had 2 311 employees at 17 offices in Norway and Sweden.

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