Archer Limited: Third quarter 2021 results
Hamilton, Bermuda (November 5, 2021) Third Quarter 2021 Highlights · Revenue ending at $243 million in the quarter, an increase of $15 million compared to previous quarter. · EBITDA before exceptional items of $23.5 in the quarter, an increase of $1.2 million · EBITDA of $20.5 million is negatively impacted by exceptional charges incurred in the quarter · NIBD moderately reduced, despite significant increase in activity and high investments during the quarter · Successfully completed P&A campaign on Gyda for Repsol Dag Skindlo, CEO of Archer, comments: “Our