Bouvet

Earnings Release • May 19, 2022

GOOD FIRST QUARTER FOR BOUVET

GOOD FIRST QUARTER FOR BOUVET

Oslo, 19 May 2022: Bouvet had operating revenues of NOK 816.5 million for the first quarter of 2022, compared with NOK 695.9 million in the same period of last year. Operating profit (EBIT) came to NOK 122.8 million, compared with NOK 90.8 million in the first quarter of 2021.

“During our 20 years, we have scarcely been busier. Our clients are involved in major assignments and face big tasks, and digitalisation is emerging as one of the most important factors in enabling things for them. It’s fantastically exciting for us to be able to contribute in our way, with all the expertise and enthusiasm offered by Bouveteers in all parts of our widely spread business,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 693.7 million for the first quarter, compared with NOK 605 million in the same period of 2021. That represents an increase of 14.7 per cent.

The EBIT margin for the first quarter was 15 per cent, compared with 13.1 per cent in the first quarter last year.

Net profit came to NOK 95.5 million, compared with NOK 69.4 million for the first quarter of 2021. Diluted earnings per share were NOK 0.91 for the quarter, compared with NOK 0.67 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 Scandinavian 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 31 March 2022, it had 1 879 employees at 15 offices in Norway and Sweden.

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