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Regulatory press release

BOUV: BOUVET'S POSITIVE DEVELOPMENT CONTINUES

Bouvet
Oslo, 23 May 2023: Bouvet had operating revenues of NOK 945.1 million for the
first quarter of 2023, compared with NOK 811.1 million in the same period of
last year. Operating profit (EBIT) came to NOK 131.6 million, compared with NOK
122.8 million in the first quarter of 2022.

"This quarter was characterised by a high level of activity in every area. Many
milestones were passed in 2022, and the pace we carried over from that year
characterised to a great extent the first three months of 2023. We are seeing a
strong increase in turnover, a high level of profitability and good growth in
our workforce," says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet's operating costs, including depreciation, came to NOK 813.5 million for
the first quarter, compared with NOK 688.4 million in the same period of 2022.
That represents an increase of 18.2 per cent.

The EBIT margin for the first quarter was 13.9 per cent, compared with 15.1 per
cent in the first quarter last year.

Net profit came to NOK 104.7 million, compared with NOK 95.5 million for the
first quarter of 2022. Diluted earnings per share were NOK 1.00 for the quarter,
compared with NOK 0.91 in the same period of last year.

Further information from
Per Gunnar Tronsli, CEO, Bouvet ASA, tel +47 900 20 622
Trude Hole, CFO, Bouvet ASA, tel +47 977 10 344

Bouvet ASA in brief
Bouvet is a leading Scandinavian 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 2023, it had 2 111
employees at 17 offices in Norway and Sweden.

The company is listed on the Oslo Stock Exchange with the ticker code BOUV.
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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.