Archer Limited: First quarter 2022 results
Hamilton, Bermuda (May 6, 2022) First Quarter 2022 Highlights · Revenue of $219 million · EBITDA before exceptional items of $21.1 million · Exceptional items of $4.9 million mainly related to Covid-19 · Net profit of $13.9 million · Acquired Ziebel, a technology company focused on fiberoptic measurements · Secured $840 million backlog Subsequent events · Awarded a contract extension for Well Services with an additional backlog of $60 million Dag Skindlo, CEO of Archer, comments: “So far this year we have secured substantial backlog through contract