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Regulatoriskt pressmeddelande

BOUV: BOUVET CONTINUE TO MAKE PROGRESS

Bouvet
Oslo, 30 August 2023: Bouvet had operating revenues of NOK 833 million for the
second quarter of 2023, compared with NOK 729 million in the same period of last
year. Operating profit (EBIT) came to NOK 89 million, compared with NOK 89.2
million in the second quarter of 2022.

For the first six months Bouvet had operating revenues of NOK 1 778.1 million,
compared with NOK 1 540.1 million in the same period last year. For the same
period, the operating profit ended at NOK 220.7 million, compared with NOK 212
million in the same period of 2022.

"The significance of digitalisation for operations at our clients has never been
greater. This has created a society in recent years where people meet digital
solutions wherever they turn. And that trend is ongoing. Technology optimism and
curiosity about digitalisation's potential are constantly increasing. This
curiosity is driven by huge progress, particularly with artificial intelligence
(AI). At the same time, it means that the need for Bouvet's expertise will only
increase in the future," says Per Gunnar Tronsli, CEO of Bouvet ASA.

Bouvet's operating costs, including depreciation, came to NOK 744 million for
the second quarter, compared with NOK 639.8 million in the same period of 2022.

The EBIT margin for the second quarter was 10.7 per cent, compared with 12.2 per
cent in the second quarter last year.

Net profit came to NOK 69.4 million, compared with NOK 69.8 million for the
second quarter of 2022. Diluted earnings per share were NOK 0.66 for the
quarter, compared with NOK 0.66 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 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 the end of the quarter, it had 2 159 employees at 16 offices in
Norway and Sweden.

The company is listed on the Oslo Stock Exchange with the ticker code BOUV.
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