Bouvet

Earnings Release • May 21, 2025

ROBUST PERFORMANCE DESPITE SOMEWHAT TOUGHER MARKET CONDITIONS

ROBUST PERFORMANCE DESPITE SOMEWHAT TOUGHER MARKET CONDITIONS

Oslo, 21 May 2025: Bouvet had operating revenues of NOK 1 074.7 million for the first quarter of 2025, compared with NOK 1 015.7 million in the same period of last year. Operating profit (EBIT) came to NOK 155.2 million, compared with NOK 135 million in the first quarter of 2024.

“We can look back on a quarter in which Bouvet delivered a robust performance in a market that was characterised by continued strong demand in key sectors but also stronger competition and reduced demand in some segments,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 919.5 million for the first quarter, compared with NOK 880.7 million in the same period of 2024. Representing an increase of 4.4 per cent.

The EBIT margin for the first quarter was 14.4 per cent, compared with 13.3 per cent in the first quarter last year.

Net profit came to NOK 121 million, compared with NOK 105.2 million for the first quarter of 2024. Diluted earnings per share were NOK 1.16 for the quarter, compared with NOK 1.01 in the same period of last year.

Further information from

Per Gunnar Tronsli, CEO, Bouvet ASA, tel +47 900 20 622

Steffen Garder, CFO, Bouvet ASA, tel +47 930 99 940

Bouvet ASA in brief

Bouvet is a leading consultancy in the field of IT and digital communication. We support both private- and public-sector players with digitalisation, and help them to meet the challenges and exploit the opportunities presented by new technology. At 31 March 2025, it had 2 347 employees at 16 offices in Norway and Sweden.

The company is listed on the Oslo Stock Exchange with the ticker code BOUV.