ROBUST PROFITABLE GROWTH FOR BOUVET

12 Nov 2024 07:00 CET

Oslo, 12 November 2024: Bouvet had operating revenues of NOK 878.5 million for
the third quarter of 2024, compared with NOK 777.9 million in the same period of
last year. Operating profit (EBIT) came to NOK 101 million, compared with NOK 80
million in the third quarter of 2023.

Operating revenues increased 13.3 per cent for the first nine months to NOK 2
895.4 million. For the same period, the operating profit ended at NOK 371.5
million, an increase of 23.5 per cent compared with last year.

“Bouvet delivered another strong performance in the third quarter of the year.
The group maintained its positive momentum, delivering numerous important
projects and achieved robust revenue growth and strong profitability while also
welcoming new colleagues to the Bouvet community. A strong Bouvet-quarter,” says
Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 777.6 million for
the third quarter, compared with NOK 697.9 million in the same period of 2023.

The EBIT margin for the third quarter was 11.5 per cent, compared with 10.3 per
cent in the same period of last year.

Net profit came to NOK 77.9 million, compared with NOK 62.9 million for the
third quarter of 2023. Diluted earnings per share were NOK 0.75 for the quarter,
compared with NOK 0.61 in the same period of last year.

At its meeting of 11 November 2024, the board of Bouvet ASA decided to exercise
the mandate awarded by the general meeting and resolved to pay a supplementary
dividend of NOK 1.00 per share for fiscal 2023. The share will be traded
exclusive of dividend from 14 November 2024, with the dividend paid on 22
November 2024.

Further information from
Per Gunnar Tronsli, CEO, Bouvet ASA, tel +47 900 20 622
Steffen Garder, CFO, Bouvet ASA, tel +47 930 99 940

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 2 389 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

631880_Bouvet Q3 2024 EN.pdf
631880_Bouvet Q3 2024 Presentation.pdf