Norway's Bouvet reports Q1 revenue, profit decline

Bouvet ASA

13/05/2026 05:18

Overview

Norway IT consultancy's Q1 operating revenue declined yr/yr

Q1 EBIT and net profit both fell from prior year

Company cites strong profitability, new contracts, and workforce growth

Outlook

Bouvet did not provide specific guidance for future quarters or the full year

Result Drivers

NEW CONTRACTS - Co said a number of new contracts were won in Q1, per CEO Per Gunnar Tronsli

WORKFORCE GROWTH - Co reported robust workforce growth during the quarter, per CEO Per Gunnar Tronsli

Company press release: ID:nMFN838xdg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
NOK 1.04 bln
Q1 EPS
NOK 0.93
Q1 Net Income
NOK 97.20 mln
Q1 EBIT
NOK 127 mln
Q1 EBIT Margin
12.30%


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(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.)