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Q1 2018: Growth and good results

May 16, 2018

Bouvet had operating revenues of NOK 462.3 million for the first quarter of 2018, compared with NOK 419.1 million in the same period of last year. Operating profit (EBIT) came to NOK 50.5 million, compared with NOK 41.2 million in the first quarter of 2017.

"This quarters high level of demand for competence to implement important digitalisation projects, led to record-high revenue and profit," says Sverre Hurum, CEO of Bouvet ASA.

Bouvet's operating costs, including depreciation, came to NOK 411.7 million for the first quarter, compared with NOK 377.9 million in the same period of 2017. That represents an increase of 9 per cent.

The EBIT margin for the first quarter was 10.9 per cent, up from 9.8 per cent in the first quarter last year.

Net profit came to NOK 38.6 million, compared with NOK 31.5 million for the first quarter of 2017. Diluted earnings per share were NOK 3.76 for the quarter, compared with NOK 3.04 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