Bouvet

Earnings Release • Nov 10, 2016

PROFIT IMPROVEMENT FOR BOUVET IN A GOOD MARKET

PROFIT IMPROVEMENT FOR BOUVET IN A GOOD MARKET

Oslo, 10 November 2016: Bouvet had operating revenues of NOK

280.4 million for the third quarter of 2016, compared with

NOK 256.8 million in the same period of last year. Operating

profit (EBIT) came to NOK 12.1 million, compared with NOK

6.6 million in the third quarter of 2015.

"Bouvet's broad range of service and leading-edge expertise

has given us renewed trust among our customers. Long term

relationship makes us the preferred digitalisation partner.

Bouvet is therefore well positioned to grow," says Sverre

Hurum, CEO of Bouvet ASA.

Bouvet's operating costs, including depreciation, came to

NOK 268.3 million for the third quarter, compared with NOK

250.1 million in the same period of 2015. That represents an

increase of 7.2 per cent.

The EBIT margin for the third quarter was 4.3 per cent,

compared with 2.6 per cent in the same period of last year.

Net profit for the third quarter came to NOK 8.2 million, up

from NOK 4.3 million in the same period of 2015. Diluted

earnings per share were NOK 0.79 for the quarter, compared

with NOK 0.40 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 September 2016, it had 1 045 employees at 14 offices in

Norway and Sweden.

Bouvet is listed on the Oslo Stock Exchange with the ticker

code BOUVET.