VERY STRONG QUARTER FOR BOUVET

10 Nov 2022 07:00 CET

Oslo, 10 November 2022: Bouvet had operating revenues of NOK 699.4 million for
the third quarter of 2022, compared with NOK 583.6 million in the same period of
last year. Operating profit (EBIT) came to NOK 73.4 million, compared with NOK
61.6 million in the third quarter of 2021.

Operating revenues increased 15.1 per cent for the first nine months to NOK 2
250.8 million. For the same period, the operating profit ended at NOK 285.4
million, an increase of 20.8 per cent compared with last year.

“Times like those ahead of us are when we see the value of our long-term client
relationships with enterprises in sectors which are crucial for answering the
big societal questions to come. The significance of our contribution, our
expertise and our services will only increase,” says Per Gunnar Tronsli, CEO of
Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 626 million for
the third quarter, compared with NOK 522 million in the same period of 2021.

The EBIT margin for the third quarter was 10.5 per cent, compared with 10.6 per
cent in the same period of last year.

Net profit came to NOK 56.8 million, compared with NOK 46.1 million for the
third quarter of 2021. Diluted earnings per share were NOK 0.54 for the quarter,
compared with NOK 0.44 in the same period of last year.

At its meeting of 9 November 2022, 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 2021. The share will be traded
exclusive of dividend from 14 November 2022, with the dividend paid on 23
November 2022.

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 2 012 employees at 17 offices in
Norway and Sweden.
The company is listed on the Oslo Stock Exchange with the ticker code BOUV.

More information:
Access the news on Oslo Bors NewsWeb site

575254_Bouvet Q3 2022 EN report.pdf
575254_Bouvet Q3 2022 presentation.pdf