Archer Limited: First Quarter 2021 Results
Hamilton, Bermuda (May 12, 2021) First Quarter 2021 Highlights · Revenue up $2.8 million compared to Q4 · EBITDA of $21.0 million, an increase of 9.4% compared to Q4 · Positive net income of $6.1 million, equivalent to NOK 0.35 per share · NIBD reduced YOY by $81 million to $507 million · Wireline awarded integrated contract by Equinor Norway Subsequent events · Signed SPA to acquire DeepWell · Wireline awarded contract by ConocoPhillips Norway Dag Skindlo, CEO of Archer, comments: “I am pleased that Archer continue to deliver strong operational results,