Archer Limited : Outlines strategy and outlook at Investor Day 2017
Hamilton, Bermuda (May 10, 2017) Archer Limited ("Archer") today presents the company strategy and financial outlook at its Investor Day 2017 held in Oslo, Norway. The company outlines its leading positions in selective segments of the oil services industry, an EBITDA margin target of 11% through the cycle, and the ambition of selective non-core divestments. Archer reiterates the short term guidance of a second quarter of 2017 in line with the first quarter, and a sequentially stronger second half of 2017. "Archer has been successful in turning around its operations and is currently