Bouvet

Earnings Release • Nov 10, 2021

PROFITABLE GROWTH FOR BOUVET

PROFITABLE GROWTH FOR BOUVET

Oslo, 10 November 2021: Bouvet had operating revenues of NOK 583.6 million for the third quarter of 2021, compared with NOK 518.9 million in the same period of last year. Operating profit (EBIT) came to NOK 61.6 million, compared with NOK 55.2 million in the third quarter of 2020.

Operating revenues increased 11.3 per cent for the first nine months to NOK 1 955.5 million. For the same period, the operating profit ended at NOK 236.2 million, an increase of 5.9 per cent compared with last year.

“The society around us is developing rapidly. We are experiencing high levels of activity and big demand in every sector. Digitalisation plays an increasingly important role and is becoming ever more pervasive, both within enterprises and in the way they interact with the world around them,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 522 million for the third quarter, compared with NOK 463.7 million in the same period of 2020.

The EBIT margin for the third quarter was 10.6 per cent, unchanged from the third quarter last year.

Net profit came to NOK 46.1 million, compared with NOK 41.9 million for the third quarter of 2020. Diluted earnings per share were NOK 0.44 for the quarter, compared with NOK 0.40 in the same period of last year.

At its meeting of 9 November 2021, the board of Bouvet ASA decided to exercise the mandate awarded by the general meeting and resolved to pay a supplementary dividend of NOK 0.50 per share for fiscal 2020. The share will be traded exclusive of dividend from 12 November 2021, with the dividend paid on 23 November 2021.

Further information from

Per Gunnar Tronsli, CEO, Bouvet ASA, tel +47 900 20 622

Trude Hole, CFO, Bouvet ASA, tel +47 977 10 344

Bouvet ASA in brief

Bouvet is a leading consultancy in the field of IT and digital communication. We support both private- and public-sector players with digitalisation, and help them to meet the challenges and exploit the opportunities presented by new technology. At the end of the quarter, it had 1 833 employees at 14 offices in Norway and Sweden.

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