ROBUST PERFORMANCE DESPITE SOMEWHAT TOUGHER MARKET CONDITIONS

21 May 2025 07:00 CEST

Oslo, 21 May 2025: Bouvet had operating revenues of NOK 1 074.7 million for the
first quarter of 2025, compared with NOK 1 015.7 million in the same period of
last year. Operating profit (EBIT) came to NOK 155.2 million, compared with NOK
135 million in the first quarter of 2024.

“We can look back on a quarter in which Bouvet delivered a robust performance in
a market that was characterised by continued strong demand in key sectors but
also stronger competition and reduced demand in some segments,” says Per Gunnar
Tronsli, CEO of Bouvet ASA.

Bouvet’s operating costs, including depreciation, came to NOK 919.5 million for
the first quarter, compared with NOK 880.7 million in the same period of 2024.
Representing an increase of 4.4 per cent.

The EBIT margin for the first quarter was 14.4 per cent, compared with 13.3 per
cent in the first quarter last year.

Net profit came to NOK 121 million, compared with NOK 105.2 million for the
first quarter of 2024. Diluted earnings per share were NOK 1.16 for the quarter,
compared with NOK 1.01 in the same period of last year.

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 31 March 2025, it had 2 347 employees at 16 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

646964_Presentasjon 1Q 2025.pdf
646964_Bouvet Q1 report 2025 EN.pdf