Bouvet Q4 2015: Record full-year and good 4th quarter for Bouvet
Oslo, 19 February 2016: Bouvet had operating revenues of NOK 333.0 million in the fourth quarter of 2015, compared with NOK 313.2 million in the fourth quarter last year. Operating profit (EBIT) in the period was NOK 26.1 million compared to 19.3 million in the same period of 2014.
The year 2015 operating revenues increased 8.8 percent to NOK 1 232.5 million. For the full year operating profit ended at NOK 99.4 million, an increase of 25.5 percent compared with last year.
"We experienced our 14th consecutive year of growth and profitability in 2015," says Sverre Hurum, CEO of Bouvet. "The technological development is going fast, and is important for change and progress in every enterprise. Our commercial understanding and technological know-how, combined with our ability to deliver, secured us a long list of interesting assignments in 2015."
During the fourth quarter of 2015, Bouvet had operating costs of NOK 306.9 million, compared with NOK 293.9 million in the same period of 2014. This represents an increase of 4.4 percent.
The EBIT margin increased from 6.2 percent in the fourth quarter of 2014 to 7.8 percent. The EBIT margin for the full year came to 8.1 percent.
Profit for the period amounted to NOK 20.7 million, compared with NOK 13.7 million in the same period of 2014. Diluted earnings per share for Bouvet was NOK 1.98 for the quarter, compared with NOK 1.29 in the fourth quarter of 2014.
For more information, please contact:
- Sverre Hurum, Managing Director in Bouvet ASA, Tlf. +47 913 50 047
- Erik Stubø, CFO in Bouvet ASA, Tlf. +47 950 36 011