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Archer ( (ARHVF) ) has provided an update.
Archer announced strong Q1 financial results with an 11% increase in revenue and a 9% rise in EBITDA, highlighting its growth and improved margins despite market challenges. The company also introduced its first shareholder return program, secured significant long-term contracts valued over $550 million, and invested in new technologies to enhance its P&A services. Despite reduced activity in Argentina, Archer expects continued revenue growth and increased EBITDA in 2025, maintaining a stable financial outlook.
More about Archer
Archer is a leading provider in the drilling and well services industry, focusing on brownfield operations and plug and abandonment (P&A) of wells. The company is known for its innovative solutions and services in the P&A market, which includes subsea wells. Archer’s market focus is on providing stable and resilient operations amidst industry uncertainties.
Average Trading Volume: 169,742
Current Market Cap: NOK2B
See more insights into ARHVF stock on TipRanks’ Stock Analysis page.