Bouvet

REVENUE GROWTH FOR BOUVET IN THE THIRD QUARTER

Oslo, 5 November 2015: Bouvet had operating revenues

of NOK 256.8 million in the third quarter of 2015,

compared with NOK 242.3 million in the third quarter

last year. Operating profit (EBIT) in the period was

NOK 6.6 million compared to 9.2 million in the same

period of 2014.

Operating revenues increased 9.8 percent for the first

nine months to NOK 899.5 million. For the first nine

months the operating profit ended at NOK 73.2 million,

an increase of 22.4 percent compared with last year.

" We are satisfied with continued revenue growth, but

price pressure in the oil and gas sector influence

margins this quarter. Digitalisation within public and

private sector continues in a high pace and Bouvet is

more often chosen as a turnkey provider,

says Sverre Hurum, CEO of Bouvet."

During the third quarter of 2015, Bouvet had operating

costs of NOK 250.1 million, compared with NOK 233.1

million in the same period of 2014. This represents an

increase of 7.3 percent.

The EBIT margin declined from 3.8 percent in the third

quarter of 2014 to 2.6 percent. The EBIT margin for

the first nine months came to 8.1 percent.

Profit for the period amounted to NOK 4.3 million,

compared with NOK 6.6 million in the same period of

2014. Diluted earnings per share for Bouvet was NOK

0.40 for the quarter, compared with NOK 0.61 in the

third quarter of 2014.

For more information, please contact:

Sverre Hurum, Managing Director in Bouvet ASA, Tlf.

+47 913 50 047

Erik Stubø, CFO in Bouvet ASA, Tlf. +47 950 36 011

About Bouvet ASA

Bouvet is a Scandinavian consultancy which delivers

development and advisory services relating to

information technology, digital communication and

enterprise management. At the end of the quarter, it

had 1 032 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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