Bouvet

Earnings Release • Feb 19, 2016

RECORD FULL-YEAR AND GOOD 4TH QUARTER FOR BOUVET

RECORD FULL-YEAR AND GOOD 4TH QUARTER FOR BOUVET

Oslo, 19 February 2016: Bouvet had operating revenues

of NOK 333.0 million in the fourth quarter of 2015,

compared with NOK 313.2 million in the fourth quarter

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

NOK 26.1 million compared to 19.3 million in the same

period of 2014.

The year 2015 operating revenues increased 8.8 percent

to NOK 1 232.5 million. For the full year operating

profit ended at NOK 99.4 million, an increase of 25.5

percent compared with last year.

"We experienced our 14th consecutive year of growth

and profitability in 2015," says Sverre Hurum, CEO of

Bouvet. "The technological development is going fast,

and is important for change and progress in every

enterprise. Our commercial understanding and

technological know-how, combined with our ability to

deliver, secured us a long list of interesting

assignments in 2015."

During the fourth quarter of 2015, Bouvet had

operating costs of NOK 306.9 million, compared with

NOK 293.9 million in the same period of 2014. This

represents an increase of 4.4 percent.

The EBIT margin increased from 6.2 percent in the

fourth quarter of 2014 to 7.8 percent. The EBIT margin

for the full year came to 8.1 percent.

Profit for the period amounted to NOK 20.7 million,

compared with NOK 13.7 million in the same period of

2014. Diluted earnings per share for Bouvet was NOK

1.98 for the quarter, compared with NOK 1.29 in the

fourth 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 1 036 employees spread over 14 offices in Norway

and Sweden.

Bouvet is listed on the Oslo Stock Exchange under the

ticker 'BOUVET'.'