Robust profitable growth for Bouvet

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.

Report Q3 2024
Presentation Q3 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