Bouvet

Earnings Release • May 12, 2016

INTERIM REPORT Q1 2016

INTERIM REPORT Q1 2016

Oslo, 12 May 2016: Bouvet had operating revenues of

NOK 322.9 million for the first quarter of 2016,

compared with NOK 327 million in the same period of

last year. Operating profit (EBIT) came to NOK 20.3

million, compared with NOK 32 million in the first

quarter of 2015.

"We see that user behaviour and technology are

becoming increasingly integrated," says Sverre Hurum,

CEO of Bouvet ASA. "That fits nicely with our

expertise and services. We're well positioned for

further profitable growth."

Bouvet's operating costs, including depreciation, came

to NOK 302.6 million for the first quarter, compared

with NOK 295 million in the same period of 2015. That

represents an increase of 2.6 per cent.

The EBIT margin for the first quarter was 6.3 per

cent, down from 9.8 per cent in January-March last

year.

Net profit came to NOK 14.5 million, compared with NOK

24.4 million for the first quarter of 2015. Diluted

earnings per share were NOK 1.38 for the quarter,

compared with NOK 2.32 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 31 March 2016, it had 1 036 employees

at 14 offices in Norway and Sweden.

The company is listed on the Oslo Stock Exchange with

the ticker code BOUVET.