Archer Limited : First Quarter 2015 Results
Hamilton, Bermuda (May 4, 2015)
First Quarter 2015 highlights
- First quarter revenue of $501.6 million
- First quarter EBITDA at $58.1 million including $3.3 million restructuring costs
- Net loss for the quarter of $14.9 million
- First quarter operational cash flow of $ 19.4 million
- Net interest-bearing debt of $795.8 million at March 31, 2015
In connection with the earnings release, a conference call will be held at 7:00 Houston time, 13:00 London time, 14:00 Oslo time on Monday, May 4, 2015.
For information on how to attend the webcast, detailed information is found on our webpage; http://archerwell.com/investor-relations/webcast/
Questions should be directed to:
David King, Chief Executive Officer
Christoph Bausch, Chief Financial Officer
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.