Bouvet

Earnings Release • May 15, 2019

Progress for Bouvet

Progress for Bouvet

Oslo, 15 May 2019: Bouvet had operating revenues of NOK 564.3 million for the first quarter of 2019, compared with NOK 462.3 million in the same period of last year. Operating profit (EBIT) came to NOK 68.8 million, compared with NOK 50.5 million in the first quarter of 2018.

“The rapid pace of technological progress will continue to affect companies and society. We are and will remain a regional, national and increasingly international value creator who secures important expertise and jobs. And we will continue to contribute to society’s development. That’s something we’re proud of,” says Sverre Hurum, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 495.5 million for the first quarter, compared with NOK 411.7 million in the same period of 2018. That represents an increase of 20.3 per cent.

The EBIT margin for the first quarter was 12.2 per cent, up from 10.9 per cent in the first quarter last year.

Net profit came to NOK 53.4 million, compared with NOK 38.6 million for the first quarter of 2018. Diluted earnings per share were NOK 5.16 for the quarter, compared with NOK 3.76 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 2019, it had 1 405 employees at 13 offices in Norway and Sweden.

The company is listed on the Oslo Stock Exchange with the ticker code BOUVET.