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Q1 2016: Interim report

May 12, 2016

Bouvet had operating revenues of NOK 322.9 million for the first quarter of 2016, compared with NOK 327 million in the same period of last year. Operating profit (EBIT) came to NOK 20.3 million, compared with NOK 32 million in the first quarter of 2015.

"We see that user behaviour and technology are becoming increasingly integrated," says Sverre Hurum, CEO of Bouvet ASA. "That fits nicely with our expertise and services. We're well positioned for further profitable growth."

Bouvet's operating costs, including depreciation, came to NOK 302.6 million for the first quarter, compared with NOK 295 million in the same period of 2015. That represents an increase of 2.6 per cent.

The EBIT margin for the first quarter was 6.3 per cent, down from 9.8 per cent in January-March last
year.

Net profit came to NOK 14.5 million, compared with NOK 24.4 million for the first quarter of 2015. Diluted earnings per share were NOK 1.38 for the quarter, compared with NOK 2.32 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