Bouvet ASA reported a 12.5% increase in second-quarter revenue to NOK 975 million, though profit margins softened as operating income and net profit declined year-over-year.
Operating revenue rose from NOK 869 million in the same quarter of 2023, but EBIT fell to NOK 122.3 million from NOK 138.7 million a year earlier. Net income also decreased to NOK 92.9 million from NOK 108.6 million. Diluted earnings per share dropped to NOK 0.90, down from NOK 1.02 in the prior-year period.
Chief Executive Per Gunnar Tronsli highlighted new contract wins and strategic expansion during the quarter. The company opened two offices in key markets and increased staffing levels, though these moves did not offset margin pressure. The EBIT margin contracted to 12.5% from 15.9% in Q2 2023.
Bouvet, a Norway-based IT consultancy, continues to expand its footprint amid a competitive consulting market. The mixed financial performance follows a period of steady revenue growth, with leadership emphasizing long-term positioning over short-term margin stability.
