Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Bouvet

Investor Presentation • Feb 26, 2019

3563_rns_2019-02-26_45381739-8147-49bb-8c89-6af2ccc195c5.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

Interim presentation Fourth quarter 2018

Sverre Hurum, CEO Erik Stubø, CFO 26 February 2019

Highlights in the quarter

oRevenue and EBIT

  • • Operating revenues increased by 16.8 percent to NOK 535.4 million (y‐o‐y)
  • • EBIT increased by 32.7 percent to NOK 65.2 million (y‐o‐y)
  • o 1 369 employees
  • •Up 27 from Q3'18
  • •An increase of 154 in the past 12 months
  • oStill strong market

Revenue and number of employees MNOK and number

Operational Review

Public and private sector

Business sectors Q4 2018

Sectors with high increase in revenue

oOil & gas

  • •Increased by 27.2 percent (y‐o‐y)
  • •Represents 25.1 percent of total revenues in Q4'18

oPower supply

  • •Increased by 34.9 percent (y‐o‐y)
  • •Represents 9.9 percent of total revenues in Q4'18

oRetail

  • •Increased by 21.8 percent (y‐o‐y)
  • •Represents 5.6 percent of total revenues in Q4'18

oBank & finance

  • •Increased by 34.1 percent (y‐o‐y)
  • •Represents 4.8 percent of total revenues in Q4'18

Norske Skog is homeshoring IT‐ services

  • o Norske Skog is taking their Application Management Services (AMS) for the SAP business applications home from Malaysia
  • o SAP AMS is a competence‐based service where local presence strengthens the quality of the delivery.
  • o Bouvet has signed an agreement for 3 +1 + N year

Kilde https://www.ntbinfo.no/

«Det er forskere fra Nofima og Sintef Ocean som står bak portalen, som er utviklet i tett samarbeid med BarentsWatchog Bouvet.»

«De offentlige dataene og forskningsdataene om bærekraft som er samlet i portalen er hentet fra blant annet Brønnøysundregistrene, Fiskeridirektoratet, Mattilsynet, Statistisk Sentralbyrå, Veterinærinstitutteneog Vitenskapelig råd for lakseforvaltning.»

(Fashion clock gains: Edition controllers experimentally product away) (California)
Againsellig for sits, derived Nortenia (are pressure plates		 A
THE EXP. HERE EXPLORED THE REPORT OF THE RESIDENCE OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF A REPORT OF
arkrisk, rant princettbanke by bemisribrated (TQAIIIIa, TOxi Mari Kartowi.
matindustrien
OM OSS ANNOVASIDE TUPS WESHAMERA BROKE STILL
The Carlotte of Control of Carlotte and Carlotte and Carlotte and Carlotte and Carlotte and Carlotte and
STARTING
na
도망 보고 아니 그 일이 있어서 저 사람이

Customer and project mix

  • o Project mix
  • • Variable contracts account for 98.2 percent of total revenues
  • o Customer portfolio
  • • The 10 largest customers represent 36.3 percent of total revenues – equal to Q4'17
  • • The 20 largest customers represent 49.3 percent of total revenues – equal to Q4'17

Variably priced contracts share of revenues Percentage

10 largest customers share of revenues Percentage

Customer development

oExisting customers*

  • •Accounted for 94.3 percent of revenues in Q4'18
  • o New customers**
  • • Customers won over the past year generated revenues of NOK 30.6 million in Q4'18

* Existing customers defined as customers that were invoiced in the corresponding quarter last year ** New customers defined as customers won since end of corresponding quarter last year

Q4'17 Q4'18

0

Enthusiastic and competent employees

  • o 1 369 employees at the end of the quarter
  • •Up 27 from Q3'18
  • •154 more employees in the past 12 months
  • • Average number of employees in the quarter up 11.5 percent from Q4'17

Annual growth in number of employees

https://tv.nrk.no/serie/viten‐og‐vilje/2018/DMTV23003118/avspiller

Financial Review

Key figures

T
hre
t
hs
d
ing
e
mo
n
e
n		 Tw
lve
e
mo
n
M
N
O
K		 3
1.
1
2.
2
0
1
8		 3
1.
1
2.
2
0
1
7		 ha
C
ng
e		 3
1.
1
2.
2
0
1
8		 3
1.
1
2.
2
0
1
7		 C
ha
ng
e
Op
ing
t
era
re
ve
nu
e		 3
5
5.
4		 8.
4
5
4		 6.
8
%
1		 8
6.
1
4
7		 6
0
1
7.
4		 9
%
1
4.
f
(
)
Op
ing
i
E
B
I
T
t
t
era
p
ro		 6
5.
2		 4
9.
1		 3
2.
7
%		 1
9
1.
6		 1
4
4.
1		 3
2.
9
%
E
B
I
T m
in
arg		 1
2.
2
%		 1
0.
%
7		 1
0.
4
%		 9.
0
%
d
ina
f
i
be
for
Or
t
tax
ry
p
ro
e		 6
6.
3		 4
9.
8		 3
3.
0
%		 1
9
1.
6		 1
4
5.
9		 3
1.
3
%
f
i
for
he
io
d
Pro
t
t
p
er		 5
3.
5		 3
9.
7		 3
5.
0
%		 1
5
0.
5		 1
1
2.
0		 3
4.
3
%
(
fu
l
ly
d
lu
d
)
E
P
S
i
te		 5.
2
1		 3.
8
2		 3
6.
3
%		 1
4.
6
6		 1
0.
7
9		 3
5.
8
%
h
f
low
Ne
ion
t c
t
as
op
era
s		 2
1
5.
9		 1
5
8.
6		 %
3
6.
2		 2
1
9.
0		 1
4
9.
0		 %
4
6.
9
Eq
i
io
ty
t
u
ra		 3
6.
%
7		 3
2
%
4.		 3
6.
%
7		 3
2
%
4.
h a
d c
h e
iva
len
Ca
ts
s
n
as
q
u		 2
7
8.
4		 2
0
5.
4		 3
5.
6
%		 2
7
8.
4		 2
0
5.
4		 3
5.
6
%
(
)
be
f e
loy
d o
f p
io
d
Nu
m
r o
mp
ee
s
en
er		 1
3
6
9		 1
2
1
5		 1
2.
7
%		 1
3
6
9		 1
2
1
5		 1
2.
7
%
be
f e
loy
(
)
Nu
m
r o
mp
ee
s
ave
rag
e		 1
3
6
2		 1
2
2
1		 1
1.
5
%		 1
3
0
5		 1
1
7
1		 1
1.
4
%

Revenue

  • o Revenues increased by 16.8 percent y‐o‐y
  • • Revenues from own consultants increased by 19.2 percent to NOK 440.2 million
  • • Revenues from sub‐contracted consultants increased by 4.7 percent to NOK 70.6 million
  • • Other revenues increased by 13.4 percent to NOK 24.5 million

Revenue split (quarterly figures) MNOK

Revenues from own consultants

  • o Increased 19.2 percent y‐o‐y
  • • Positive impact from increase in billing ratio by 0.9 percentage points
  • • Positive impact from 11.5 percent increase in average number of employees
  • • Positive impact from 3.1 percent increase in prices for group hourly services
  • •62 workdays in Q4'18 – one less than Q4'17

Revenue per employee (quarterly figures) TNOK

Revenue per employee (LTM)

TNOK

Analysis of change in revenues y‐o‐y

22

Earnings

  • o Operating profit (EBIT) increased by 32.7 percent to NOK 65.2 million
  • o EBIT margin of 12.2 percent compared to 10.7 percent in Q4'17
  • oOperating expenses increased by 14.9 percent y‐o‐y
  • oGeneral growth in pay rate 1.2 percent y‐o‐y
  • o Other operating expenses increased 23.7 percent y‐o‐y

EBIT and EBIT margin MNOK and Percent

EBIT and EBIT margin (LTM)

MNOK and Percent

Change in revenues – effect on EBIT

Revenue MNOK

Cash flow

oCash flow from operations

  • • NOK 215.9 million in Q4'18 compared to NOK 158.6 million in Q4'17
  • o Last 12 months
  • • Operational cash flow over the last 12 months was NOK 219.0 million
  • o Cash flow from investing activities
  • • Negative NOK 9.9 million compared to negative NOK 4.3 million in Q4'17

Cash flow from operations (LTM) MNOK

Outlook

  • oHigh demand
  • oDecreased demand for large projects
  • o Increased demand for cross‐functional teams working with digital strategy, digital operations improvement, digital employee experience, digital customer experience, digital product and service enablement and digital business model transformation
  • o Increased demand for platform, IoT, security and cloud competence

Shareholders as of 26.02.2019

S
ha
ho
l
d
re
e
rs		 Nu
b
f s
ha
m
e
r o
re
s		 %
f
t
t
l
o
o
a
S
V
A
R
N
E
R
K
A
P
I
T
A
L
A		 1
0
7
0
0
0
0		 %
1
0,
4
4
V
P
F
N
O
R
D
E
A
A
V
K
A
S
T
N
I
N
G		 9
7
2
3
3
1		 9,
4
9
%
S
T
E
N
S
H
A
G
E
N
I
N
V
E
S
T
A
S		 7
3
6
6
9
9		 7,
1
9
%
V
I
R
T
U
S
K
A
R
I
N
T
E
R
N
A
T
I
O
N
A
L		 7
1
4
9
4
3		 6,
9
8
%
H
U
R
U
M
S
V
E
R
R
E
F
I
N
N		 5
0
8
7
7
9		 4,
9
6
%
M
P
P
E
N
S
J
O
N
P
K		 5
0
4
0
0
4		 4,
9
2
%
Å
V
E
V
L
E
N
G
R
D
A
S		 4
3
0
2
5
5		 4,
4
2
%
S
Ø
T
U
B
E
R
I
K		 2
3
8
2
9
7		 2,
3
2
%
S
S
G
U
B
W
I
T
Z
E
R
L
A
N
D
A		 2
0
3
9
0
0		 %
1,
9
9
S
I
X
S
I
S
A
G		 2
0
2
5
8
8		 1,
9
8
%
V
P
F
N
O
R
D
E
A
K
A
P
I
T
A
L		 1
6
9
2
8
4		 1,
6
5
%
S
T
O
R
E
B
R
A
N
D
N
O
R
G
E
I
V
E
R
D
I
P
A
P
I
R
F
O
N
D		 1
6
2
9
2
9		 1,
5
9
%
T
E
L
E
N
O
R
P
E
N
S
J
O
N
S
K
A
S
S
E		 1
5
4
1
4
1		 1,
5
0
%
S
T
A
T
E
S
T
R
E
E
T
B
A
N
K
A
N
D
T
R
U
S
T
C
O
M
P		 1
1
6
8
1
0		 1,
1
4
%
V
O
L
L
E
A
N
D
E
R
S		 1
1
6
1
1
5		 1,
1
3
%
S
S
D
Y
V
I
I
N
V
E
T
A		 1
0
0
0
0
0		 %
0,
9
8
O
O
O
G
S
V
E
R
D
I
P
A
P
I
R
F
N
D
E
T
N
R
D
E
A
N
R
E
P
L
U		 8
2
3
8
9		 %
0,
8
0
Å
R
A
D
I
G
N
I
L
S-
H
K
A
N		 7
5
1
7
2		 0,
7
3
%
S
T
O
R
E
B
R
A
N
D
V
E
K
S
T
V
E
R
D
I
P
A
P
I
R
F
O
N
D		 7
3
6
6
3		 0,
7
2
%
P
A
U
L
H
A
L
L
A
N
S
V
E
N
D
S
E
N		 6
9
6
2
0		 0,
6
8
%
Nu
b
f s
ha
he
l
d
by
he
2
0
la
ha
ho
l
d
t
t
m
e
r o
re
s
rg
e
s
s
re
e
rs		 6
7
2
5
1
8
4		 6
5,
6
1
%

More from Bouvet

Report Publication Announcement 2025
Dec 16
Report Publication Announcement 2025
Dec 16
Director's Dealing 2025
Nov 27
Director's Dealing 2025
Nov 27
Director's Dealing 2025
Nov 27
Director's Dealing 2025
Nov 27
Major Shareholding Notification 2025
Nov 27
Notice of Dividend Amount 2025
Nov 13
Notice of Dividend Amount 2025
Nov 13
Director's Dealing 2025
Nov 11
View all filings →

Talk to a Data Expert

Have a question? We'll get back to you promptly.