Oslo ,19 May 2020 : Bouvet had operating revenues ofNOK 641.2 million for the first quarter of 2020, compared withNOK 564.3 million in the same period of last year. Operating profit (EBIT) came toNOK 82.6 million , compared withNOK 68.8 million in the first quarter of 2019. "We sailed into 2020 full of optimism, with clients who needed our help to develop their future enterprise-critical solutions. Up to 12 March, we continued to experience good growth, normal operation and progress. Covid-19 meant we had to adjust to a completely new position after that date. The seriousness of what became a global crisis called for a resolute reorientation both inhouse and at our clients. I have been able to observe with deep respect a Bouvet community which delivers when it really matters. Results from the first quarter were very good," saysSverre Hurum , CEO ofBouvet ASA . Bouvet's operating costs, including depreciation, came toNOK 558.6 million for the first quarter, compared withNOK 495.5 million in the same period of 2019. That represents an increase of 12.7 per cent. The EBIT margin for the first quarter was 12.9 per cent, compared with 12.2 per cent in the first quarter last year. Net profit came toNOK 64.7 million , compared withNOK 53.4 million for the first quarter of 2019. Diluted earnings per share wereNOK 6.24 for the quarter, compared withNOK 5.16 in the same period of last year. Further information fromSverre Hurum , CEO,Bouvet ASA , tel +47 913 50 047 Erik Stubø, CFO,Bouvet ASA , tel +47 950 36 011Bouvet ASA in brief Bouvet is a Scandinavian consultancy which delivers services related to information, digital communication and advice. At31 March 2020 , it had 1 575 employees at 13 offices inNorway andSweden . The company is listed on theOslo Stock Exchange with the ticker code BOUVET.
Click here for more information
© Oslo Bors ASA, source