Bouvet Q1 2015: Good results in an uncertain market
Oslo, 12 May 2015: Bouvet had operating revenues of NOK 327.0 million for the first quarter of 2015, compared with 300.9 million in the first quarter last year. This represents an increase of 8.7 per cent. Operating profit (EBIT) in the period increased 18.6 percent to NOK 32.0 million.
"We won important contracts in this quarter thanks to our integrated digital expertise and our closeness to clients," says Sverre Hurum, CEO of Bouvet. "We are very well positioned to take additional market share. But how high the willingness to invest will be in the private sector during 2015 is rather uncertain."
Bouvet's operating costs, including depreciation and amortisation, for the first quarter came to NOK 295.0 million, up from NOK 273.9 million in the same period of 2014. The EBIT margin increased from 9.0 per cent in the first quarter of 2014 to 9.8 per cent.
Net profit came to NOK 24.4 million in the first quarter, up from NOK 19.2 million in the same period of 2014. Diluted earnings per share for the quarter were NOK 2.32, compared with NOK 1.84 in the same period of 2014.
Further information from
- Sverre Hurum, CEO, Bouvet ASA, tel: +47 913 50 047
- Erik Stubø, CFO, Bouvet ASA, tel: +47 950 36 011