Bouvet

Earnings Release • Feb 17, 2023

VERY GOOD RESULTS FOR BOUVET

VERY GOOD RESULTS FOR BOUVET

Oslo, 17 February 2023: Bouvet had operating revenues of NOK 834.7 million for the fourth quarter of 2022, compared with NOK 739.6 million in the same period of last year. Operating profit (EBIT) came to NOK 116.3 million, compared with NOK 103.9 million in the fourth quarter of 2021.

The 2022 operating revenues increased 14.5 per cent to NOK 3 085.5 million. For the same period, the operating profit ended at NOK 401.7 million, an increase of 18.1 per cent compared with last year.

“This quarter marks the end of a very special year. We entered it with a pandemic, followed by the outbreak of a war with a consequent energy crisis, pressure on value chains and a very tense security position. Despite all this, we have delivered results like never before throughout the year – and not least in its final three months,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 718.3 million for the fourth quarter, compared with NOK 635.7 million in the same period of 2021.

The EBIT margin for the fourth quarter was 13.9 per cent, compared with 14 per cent in the fourth quarter last year.

Net profit came to NOK 94.3 million, compared with NOK 85.8 million for the fourth quarter of 2021. Diluted earnings per share were NOK 0.89 for the quarter, compared with NOK 0.82 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 2 041 employees at 17 offices in Norway and Sweden.

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