Hamilton, Bermuda (January 23, 2019)
Archer hosted a trading update for Q4 2018 and preliminary financial outlook for 2019.
Trading update Q4 2018 – Best operational results since 2015
Based on preliminary unaudited reporting from operating units, Archer Limited expects to report the following key financial numbers for Q4 2018:
Q4 2018 and preliminary 2018 results will be reported on February 27, 2019.
Financial outlook 2019
Recent oil price volatility creates uncertainty regarding operators 2019 budgets, but Archer expects continued growth in 2019 on the back of strong backlog:
More information can be found in the attached presentation to be shared with the analysts, which can also be downloaded from https://www.archerwell.com/investor-relations/presentations/
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.