Archer Limited: Q4 2020 trading update and 2021 financial outlook
Hamilton, Bermuda (January 28, 2021) Archer will today host an analyst call where we will share our preliminary financials for Q4 2020 and our outlook for 2021. Trading update Q4 2020 Based on preliminary unaudited financials, Archer Limited expects to report the following key financials for Q4 2020: · Revenue of $211 million was up 15% compared to third quarter · EBITDA reported of $19.2 million was up 23% compared to third quarter · EBITDA before exceptional items of $23.3 million · Net interest bearing debt of $504 million · Robust liquidity of $110 million