Bouvet

Earnings Release • Feb 25, 2020

BOUVET CONTINUED TO MAKE GOOD PROGRESS

BOUVET CONTINUED TO MAKE GOOD PROGRESS

Oslo, 25 February 2020: Bouvet had operating revenues of NOK 588.5 million for the fourth quarter of 2019, compared with NOK 535.4 million in the same period of last year. Operating profit (EBIT) came to NOK 71.4 million, compared with NOK 65.2 million in the fourth quarter of 2018.

The 2019 operating revenues increased 15.5 per cent to NOK 2 132.1 million. For the same period, the operating profit ended at NOK 232.1 million, an increase of 21.1 per cent compared with last year.

“We state in our vision that we lead the way and build tomorrow’s society. During the quarter, we have worked in close collaboration with our clients on solutions which further develop society. We have continued to support clients with their fairly extensive digitalisation and sustainability projects. Our employees do a great job, and their expertise is in demand,” says Sverre Hurum, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 517.1 million for the fourth quarter, compared with NOK 470.2 million in the same period of 2018.

The EBIT margin for the fourth quarter was 12.1 per cent, compared with 12.2 per cent in the fourth quarter last year.

Net profit came to NOK 54.6 million, compared with NOK 53.5 million for the fourth quarter of 2018. Diluted earnings per share were NOK 5.29 for the quarter, compared with NOK 5.21 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 December 2019, it had 1 557 employees at 13 offices in Norway and Sweden.

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