Bouvet

INCREASED PROFIT FOR BOUVET

Oslo, 27 February 2014: Bouvet ASA had operating

revenues of NOK 298.2 million for the fourth quarter

of 2013, up 6.3 per cent compared to the same period

of 2012. Sales for the full year came to NOK 1 112.7

million, up 8.0 per cent compared to the same period

of 2012. Operating profit (EBIT) for the fourth

quarter was NOK 27.2 million, compared with NOK 21.2

million in the same period of 2012. For 2013 as a

whole EBIT was NOK 95.1 million.

"2013 was the best year in the history of Bouvet both

with respect to sales and profit", says Sverre Hurum,

CEO of Bouvet. "We are adapting to the changes in the

market place and we are continuously developing new

service concepts. This is possible because we focus

on competence, culture and customers."

Bouvet's operating costs for the fourth quarter came

to NOK 271.0 million, up by 4.5 per cent compared to

the same period of 2012.

The EBIT margin was 9.1 per cent in the fourth

quarter, up from 7.6 in the same period in 2012. For

the full year, the EBIT margin was 8.5 per cent,

compared to 7.6 per cent in 2012

Net profit came to NOK 20.0 million in the fourth

quarter, up from NOK 14.7 million in the same period

of 2012. Diluted earnings per share for the quarter

were NOK 1.92, compared to NOK 1.39 in the same

period of 2012. Net profit for 2013 came to NOK 69.8

million, giving diluted earnings per share of NOK

6.67. That represents an increase from 2012, when net

profit was NOK 56.6 million and diluted earnings per

share came to NOK 5.35.

Further information from

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

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

About Bouvet ASA

Bouvet is a Scandinavian consultancy which delivers

development and advisory services relating to

information technology and digital communication. At

31 December, it had 931 employees spread over 14

offices in Norway and Sweden.

Bouvet is listed on the Oslo Stock Exchange under the

ticker 'BOUVET'.'

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