Bouvet

A GOOD MARKET FOR BOUVET

Oslo, 24 August 2017: Bouvet had operating revenues of NOK 385.7

million for the second quarter of 2017, compared with NOK 345.3

million in the same period of last year. Operating profit (EBIT)

came to NOK 36.8 million, compared with NOK 41 million in the second

quarter of 2016. This quarter had four fewer working days compared

with the same period of last year.

Operating revenues increased 20.4 per cent for the first half to NOK

804.7 million. For the first six months, the operating profit ended

at NOK 78 million, an increase of 27.2 per cent compared with last

year.

"A good market and satisfied clients able and willing to invest,

combined with our committed and capable employees, made this a very

good quarter for us," says Sverre Hurum, CEO of Bouvet ASA.

Bouvet's operating costs, including depreciation, came to NOK 348.9

million for the second quarter, compared with NOK 304.3 million in

the same period of 2016. That represents an increase of 14.6 per

cent.

The EBIT margin for the second quarter was 9.5 per cent, down from

11.9 per cent in the second quarter last year.

Net profit came to NOK 28.3 million, compared with NOK 30.9 million

for the second quarter of 2016. Diluted earnings per share were NOK

2.72 for the quarter, compared with NOK 2.94 in the same period of

last year.

Further information from

Sverre Hurum, CEO, Bouvet ASA, tel +47 913 50 047

Erik Stubø, CFO, Bouvet ASA, tel +47 950 36 011

Bouvet ASA in brief

Bouvet is a Scandinavian consultancy which delivers services related

to information, digital communication and advice. At 30 June 2017,

it had 1 166 employees at 15 offices in Norway and Sweden.

The company is listed on the Oslo Stock Exchange with the ticker

code BOUVET.

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