Bouvet — Earnings Release 2015

May 12, 2015

Good results in a rather uncertain market

Good results in a rather uncertain market

Oslo, 12 May 2015: Bouvet had operating revenues of

NOK 327.0 million for the first quarter of 2015,

compared with 300.9 million in the first quarter

last year. This represents an increase of 8.7 per

cent. Operating profit (EBIT) in the period

increased 18.6 percent to NOK 32.0 million.

"We won important contracts in this quarter thanks

to our integrated digital expertise and our

closeness to clients," says Sverre Hurum, CEO of

Bouvet. "We are very well positioned to take

additional market share. But how high the

willingness to invest will be in the private sector

during 2015 is rather uncertain."

Bouvet's operating costs, including depreciation and

amortisation, for the first quarter came to NOK

295.0 million, up from NOK 273.9 million in the same

period of 2014. The EBIT margin increased from 9.0

per cent in the first quarter of 2014 to 9.8 per

cent.

Net profit came to NOK 24.4 million in the first

quarter, up from NOK 19.2 million in the same period

of 2014. Diluted earnings per share for the quarter

were NOK 2.32, compared with NOK 1.84 in the same

period of 2014.

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 1000 employees at 14 offices in

Norway and Sweden at 31 March 2015.

Bouvet is listed on the Oslo Stock Exchange under

the ticker code BOUVET.