Bouvet

Earnings Release • Nov 9, 2023

VERY STRONG QUARTER FOR BOUVET

VERY STRONG QUARTER FOR BOUVET

Oslo, 9 November 2023: Bouvet had operating revenues of NOK 777.9 million for the third quarter of 2023, compared with NOK 693.7 million in the same period of last year. Operating profit (EBIT) came to NOK 80 million, compared with NOK 73.4 million in the third quarter of 2022.

Operating revenues increased 14.4 per cent for the first nine months to NOK 2 556.1 million. For the same period, the operating profit ended at NOK 300.7 million, an increase of 5.4 per cent compared with last year.

“When we look ahead, it is with optimism. We find that digitalisation initiatives are becoming ever more important at our clients, and that they look to us as a long-term partner for realising them,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 697.9 million for the third quarter, compared with NOK 620.3 million in the same period of 2022.

The EBIT margin for the third quarter was 10.3 per cent, compared with 10.6 per cent in the same period of last year.

Net profit came to NOK 62.9 million, compared with NOK 56.8 million for the third quarter of 2022. Diluted earnings per share were NOK 0.61 for the quarter, compared with NOK 0.55 in the same period of last year.

At its meeting of 8 November 2023, the board of Bouvet ASA decided to exercise the mandate awarded by the general meeting and resolved to pay a supplementary dividend of NOK 0.55 per share for fiscal 2022. The share will be traded exclusive of dividend from 13 November 2023, with the dividend paid on 22 November 2023.

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 2 269 employees at 16 offices in Norway and Sweden.

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