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Q2 2016: Good results and growth for Bouvet in second quarter

Aug 25, 2016

Bouvet had operating revenues of NOK 345.3 million for the second quarter of 2016, compared with NOK 315.7 million in the same period of last year. Operating profit (EBIT) came to NOK 41 million, compared with NOK 34.6 million in the second quarter of 2015.

"The digital development in the society is continuing at a very high speed. We in Bouvet are helping our clients to adapt to this digitalisation. This increases the demand for our total expertise and experience, and contribute to further growth and profitability," says Sverre Hurum, CEO of Bouvet ASA.

Bouvet's operating costs, including depreciation, came to NOK 304.3 million for the second quarter, compared with NOK 281.1 million in the same period of 2015. That represents an increase of 8.2 per cent.

The EBIT margin for the second quarter was 11.9 per cent, compared with 11 per cent in the same period of last year.

Net profit for the second quarter came to NOK 30.9 million, up from NOK 25.4 million in the same period of 2015. Diluted earnings per share were NOK 2.94 for the quarter, compared with NOK 2.41 in the same period of last year.

Further information from
Sverre Hurum, CEO, Bouvet ASA, tel +47 913 50 047
Erik Stubø, CFO, Bouvet ASA, tel +47 950 36 011