Bouvet

Revenues all time high and good results for Bouvet in Q1

Oslo, 20 May 2014: Bouvet had operating revenues of

NOK 300.9 million for the first quarter of 2014,

compared with 281.2 million in the first quarter last

year. This represents an increase of 7.0 per cent.

Operating profit (EBIT) in the period increased 21.2

percent to NOK 27.0 million.

Revenues and profit benefited from two additional

working days in the first quarter compared with the

same period of 2013.

"In March Bouvet was again awarded as one the best

workplaces in Norway and Sweden. When we at the same

time deliver good economic results, it is in our

opinion no coincident. It is because of the motivated

and skilled staff that we are able to deliver quality

and new services. This in turn leads to customers

buying more", says Sverre Hurum, CEO of Bouvet.

Bouvet's operating costs, including depreciation and

amortisation, for the first quarter came to NOK 273.9

million, up from NOK 258.9 million in the same period

of 2013. The EBIT margin increased from 7.9 per cent

in the first quarter of 2013 to 9.0 per cent.

Net profit came to NOK 19.2 million in the first

quarter, up from NOK 16.6 million in the same period

of 2013. Diluted earnings per share for the quarter

were NOK 1.84, compared with NOK 1.58 in the same

period of 2013.

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 company providing

consultancy and development services for information

technology, digital communication and enterprise

management. It had 932 employees at 14 offices in

Norway and Sweden at 31 March 2014.

Bouvet is listed on the Oslo Stock Exchange under the

ticker code BOUVET.

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