Bouvet reports strong Q2 performance despite revenue dip

Bouvet ASA reported operating revenues of NOK 968.7 million for the second quarter of 2025, a decrease from NOK 1,001.2 million in the same period last year, despite one less working day. Operating profit (EBIT) also declined slightly to NOK 123.2 million from NOK 135.6 million year-over-year, resulting in an EBIT margin of 12.7% (down from 13.5%). However, the first six months of 2025 show an increase in operating revenues to NOK 2,043.4 million, up from NOK 2,016.9 million, with EBIT rising to NOK 278.5 million from NOK 270.5 million.

The company secured key long-term contracts with clients like Equinor, the Norwegian Tax Administration, BaneNOR, AkerBP, Statnett, and Fifty. Demand remained strong in crucial sectors such as oil, gas, and renewables (39.2% of total revenue) and power supply (20.3%). Bouvet's employee count increased by 0.3% year-on-year to 2,337 employees.

Net profit for the quarter was NOK 95.7 million, down from NOK 104 million in Q2 2024, with diluted earnings per share at NOK 0.92 compared to NOK 1.00. Bouvet maintains a strong financial position with an equity ratio of 18.7% and a liquidity ratio of 1.08.