Bouvet

Earnings Release • Feb 17, 2022

CONTINUED GOOD PROGRESS IN FOURTH QUARTER FOR BOUVET

CONTINUED GOOD PROGRESS IN FOURTH QUARTER FOR BOUVET

Oslo, 17 February 2022: Bouvet had operating revenues of NOK 739.6 million for the fourth quarter of 2021, compared with NOK 645.6 million in the same period of last year. Operating profit (EBIT) came to NOK 103.9 million, compared with NOK 91.6 million in the fourth quarter of 2020.

The 2021 operating revenues increased 12.2 per cent to NOK 2 695.1 million. For the same period, the operating profit ended at NOK 340.1 million, an increase of 8.1 per cent compared with last year.

“Digitalisation is continuing with great vigour in every sector. The changes taking place in society are thoroughgoing, call for developments in and changes to organisation and culture, and are occurring hand-in-hand with rapid technological progress and adoption,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 635.7 million for the fourth quarter, compared with NOK 554 million in the same period of 2020.

The EBIT margin for the fourth quarter was 14 per cent, compared with 14.2 per cent in the fourth quarter last year.

Net profit came to NOK 85.8 million, compared with NOK 69.1 million for the fourth quarter of 2020. Diluted earnings per share were NOK 0.82 for the quarter, compared with NOK 0.67 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 1 841 employees at 14 offices in Norway and Sweden.

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