Bouvet

Earnings Release • Aug 27, 2024

BOUVET CONTINUE TO MAKE PROGRESS

BOUVET CONTINUE TO MAKE PROGRESS

Oslo, 27 August 2024: Bouvet had operating revenues of NOK 1 001.2 million for the second quarter of 2024, compared with NOK 833 million in the same period of last year. Operating profit (EBIT) came to NOK 135.6 million, compared with NOK 89 million in the second quarter of 2023.

For the first six months Bouvet had operating revenues of NOK 2 016.9 million, compared with NOK 1 778.1 million in the same period last year. For the same period, the operating profit ended at NOK 270.5 million, compared with NOK 220.7 million in the same period of 2023.

“As we close this quarter, we can be very proud of the value we have created and the results we have achieved. This strong performance is the achievement of more than 2 000 Bouvet staff who work every day to generate value with and for our clients, and who contribute every day to a culture in which people share their knowledge and lift each other to new heights,” says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 865.7 million for the second quarter, compared with NOK 744 million in the same period of 2023.

The EBIT margin for the second quarter was 13.5 per cent, compared with 10.7 per cent in the second quarter last year.

Net profit came to NOK 104 million, compared with NOK 69.4 million for the second quarter of 2023. Diluted earnings per share were NOK 1.00 for the quarter, compared with NOK 0.66 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. By executing assignments for and in collaboration with important societal stakeholders, we are involved in helping society to progress. At the end of the quarter, it had 2 331 employees at 17 offices in Norway and Sweden.

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