Norway's Bouvet Q2 revenue rises slightly on new contracts
Norway's Bouvet Q2 revenue rises slightly on new contracts
Overview
Norway IT consultancy's Q2 operating revenue rose slightly yr/yr, EBIT and net profit declined
Diluted EPS for Q2 fell slightly compared to prior year
Company won new contracts, opened offices and expanded workforce during quarter
Outlook
Company did not provide specific financial outlook
Result Drivers
NEW CONTRACTS - Co said it won important new contracts during the quarter, per CEO Per Gunnar Tronsli
OFFICE EXPANSION - Co opened two new offices in strategically important locations, according to CEO Per Gunnar Tronsli
WORKFORCE GROWTH - Bouvet expanded its workforce during the quarter, per CEO Per Gunnar Tronsli
Company press release: ID:nMFN39n2Jj
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Operating Revenue |
| NOK 975 mln |
|
Q2 EPS |
| NOK 0.90 |
|
Q2 Net Income |
| NOK 92.90 mln |
|
Q2 EBIT |
| NOK 122.30 mln |
|
Q2 EBIT Margin |
| 12.50% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Bouvet ASA is NOK55.00, about 27.3% above its August 18 closing price of NOK43.20
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Aug 18 - Norway's Multiconsult Q2 operating revenue rises on higher billing rates
Aug 17 - Switzerland's Trifork Q2 revenue rises on Products segment growth, reiterates 2026 outlook
Aug 18 - Canada's Pivotree Q2 revenue falls on legacy service wind-down
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)