Bouvet — Earnings Release 2017

May 19, 2017

GROWTH IN BOUVET

GROWTH IN BOUVET

Oslo, 19 May 2017: Bouvet had operating revenues of NOK 419.1

million for the first quarter of 2017, compared with NOK 322.9

million in the same period of last year. Operating profit (EBIT)

came to NOK 41.2 million, compared with NOK 20.3 million in the

first quarter of 2016.

"The quarter proved our best-ever. Both turnover and profits were

record-high," says Sverre Hurum, CEO of Bouvet ASA.

Bouvet's operating costs, including depreciation, came to NOK 377.9

million for the first quarter, compared with NOK 302.6 million in

the same period of 2016. That represents an increase of 24.9 per

cent.

The EBIT margin for the first quarter was 9.8 per cent, up from 6.3

per cent in the first quarter last year.

Net profit came to NOK 31.5 million, compared with NOK 14.5 million

for the first quarter of 2016. Diluted earnings per share were NOK

3.04 for the quarter, compared with NOK 1.38 in the same period of

last year.

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 consultancy which delivers services related

to information, digital communication and advice. At 31 March 2017,

it had 1 131 employees at 14 offices in Norway and Sweden.

The company is listed on the Oslo Stock Exchange with the ticker

code BOUVET.