Bouvet

Earnings Release • Aug 25, 2022

GOOD RESULTS IN THE SECOND QUARTER FOR BOUVET

GOOD RESULTS IN THE SECOND QUARTER FOR BOUVET

Oslo, 25 August 2022: Bouvet had operating revenues of NOK 734.9 million for the second quarter of 2022, compared with NOK 676 million in the same period of last year. Operating profit (EBIT) came to NOK 89.2 million, compared with NOK 83.8 million in the second quarter of 2021.

For the first six months Bouvet had operating revenues of NOK 1 551.4 million, compared with NOK 1 371.9 million in the same period last year. For the same period, the operating profit ended at NOK 212 million, compared with NOK 174.6 million in the same period of 2021.

“The excellent progress being made by our business was maintained in the quarter. We are building tomorrow’s society with our clients, we are further developing our expertise and services, we are attracting new employees at a steady pace, we are increasing our turnover, and we are delivering solid profits,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 645.7 million for the second quarter, compared with NOK 592.2 million in the same period of 2021.

The EBIT margin for the second quarter was 12.1 per cent, compared with 12.4 per cent in the second quarter last year.

Net profit came to NOK 69.8 million, compared with NOK 64.5 million for the second quarter of 2021. Diluted earnings per share were NOK 0.66 for the quarter, compared with NOK 0.62 in the same period of last year.

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 1 912 employees at 16 offices in Norway and Sweden.

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