Increased profit for Bouvet
Oslo, 27 February 2014: Bouvet ASA had operating revenues of NOK 298.2 million for the fourth quarter of 2013, up 6.3 per cent compared to the same period of 2012. Sales for the full year came to NOK 1 112.7 million, up 8.0 per cent compared to the same period of 2012. Operating profit (EBIT) for the fourth quarter was NOK 27.2 million, compared with NOK 21.2 million in the same period of 2012. For 2013 as a
whole EBIT was NOK 95.1 million.
"2013 was the best year in the history of Bouvet both with respect to sales and profit", says Sverre Hurum, CEO of Bouvet. "We are adapting to the changes in the market place and we are continuously developing new service concepts. This is possible because we focus on competence, culture and customers.
"Bouvet's operating costs for the fourth quarter came to NOK 271.0 million, up by 4.5 per cent compared to the same period of 2012.
The EBIT margin was 9.1 per cent in the fourth quarter, up from 7.6 in the same period in 2012. For the full year, the EBIT margin was 8.5 per cent, compared to 7.6 per cent in 2012
Net profit came to NOK 20.0 million in the fourth quarter, up from NOK 14.7 million in the same period of 2012. Diluted earnings per share for the quarter were NOK 1.92, compared to NOK 1.39 in the same period of 2012. Net profit for 2013 came to NOK 69.8 million, giving diluted earnings per share of NOK 6.67. That represents an increase from 2012, when net profit was NOK 56.6 million and diluted earnings per share came to NOK 5.35.
Further information from
Sverre Hurum, CEO, Bouvet ASA, tel: +47 913 50 047
Erik Stubø, CFO, Bouvet ASA, tel: +47 950 36 011
About Bouvet ASA
Bouvet is a Scandinavian consultancy which delivers development and advisory services relating to information technology and digital communication. At 31 December, it had 931 employees spread over 14 offices in Norway and Sweden.
Bouvet is listed on the Oslo Stock Exchange under the ticker 'BOUVET'.'