Bouvet

GOOD RESULTS AND GROWTH FOR BOUVET IN SECOND QUARTER

Oslo, 25 August 2016: Bouvet had operating revenues of

NOK 345.3 million for the second quarter of 2016,

compared with NOK 315.7 million in the same period of

last year. Operating profit (EBIT) came to NOK 41

million, compared with NOK 34.6 million in the second

quarter of 2015.

"The digital development in the society is continuing

at a very high speed. We in Bouvet are helping our

clients to adapt to this digitalisation. This increases

the demand for our total expertise and experience, and

contribute to further growth and profitability," says

Sverre Hurum, CEO of Bouvet ASA.

Bouvet's operating costs, including depreciation, came

to NOK 304.3 million for the second quarter, compared

with NOK 281.1 million in the same period of 2015. That

represents an increase of 8.2 per cent.

The EBIT margin for the second quarter was 11.9 per

cent, compared with 11 per cent in the same period of

last year.

Net profit for the second quarter came to NOK 30.9

million, up from NOK 25.4 million in the same period of

2015. Diluted earnings per share were NOK 2.94 for the

quarter, compared with NOK 2.41 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 2016, it had 1 033 employees at

14 offices in Norway and Sweden.

Bouvet is listed on the Oslo Stock Exchange with the

ticker code BOUVET.

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