Archer Limited: Q4 2021 trading update and 2022 financial outlook
Hamilton, Bermuda (February 2, 2022) Archer Limited (Archer) will today host a webcast at 09:00 CET where we will share our preliminary financials for Q4 2021 and our outlook for 2022. Trading update Q4 2021 Based on preliminary unaudited financials, Archer expects to report the following key financials for Q4 2021: · Revenue of $248 million, up 17.6% compared to Q4 2020 · EBITDA of $22.3 million, up 16.6% compared to Q4 2020 · Net interest-bearing debt reduced by $18 million to $500 million · Robust available liquidity of $116 million On the solid fourth quarter,