Bouvet

Earnings Release • Aug 27, 2015

GROWTH AND GOOD RESULTS FOR BOUVET IN THE SECOND QUARTER

GROWTH AND GOOD RESULTS FOR BOUVET IN THE SECOND QUARTER

Oslo, 27 August 2015: Bouvet had operating revenues

of NOK 315.7 million in the second quarter of 2015,

compared with NOK 276.2 million in the second

quarter last year. Operating profit (EBIT) in the

period was NOK 34.6 million compared to 23.6 million

in the same period of 2014.

Operating revenues increased 11.4 percent for the

first half to NOK 642.7 million. For the first six

months the operating profit ended at NOK 66.6

million, an increase of 31.5 percent compared with

last year.

"Bouvet has revenue growth in all sectors except

from oil/gas. Nevertheless, Bouvet maintains

satisfactory activity in this sector, due to new

agreements and services. Technology, digital

communication and business development are becoming

more and more closely interwoven. Bouvet has a

breadth of expertise and a closeness to clients

which means it is well positioned to take advantage

of this trend, says Sverre Hurum, CEO of Bouvet."

During the second quarter of 2015, Bouvet had

operating costs of NOK 281.1 million, compared with

NOK 252.6 million in the same period of 2014. This

represents an increase of 11.3 percent.

The EBIT margin for the second quarter increased to

11.0 percent, compared with 8.6 percent in the same

period of last year. For the first six months the

EBIT margin was 10.4 percent.

Profit for the period amounted to NOK 25.4 million,

compared with NOK 17.5 million in the same period of

2014. Diluted earnings per share for Bouvet was NOK

2.41 for the quarter, compared with NOK 1.65 in the

second 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 30 June, it had 1 018

employees spread over 14 offices in Norway and

Sweden.

Bouvet is listed on the Oslo Stock Exchange under

the ticker 'BOUVET'.'