Brief: Archer Exceeded Upper Range Of Financial Guidance For 2023

Archer

26/01/2024 07:07

Jan 26 (Reuters) - Archer Ltd  ARCHA.OL :
    * WE EXCEEDED UPPER RANGE OF OUR FINANCIAL GUIDANCE FOR 2023
    * WE BELIEVE MARKET FUNDAMENTALS FOR OUR SERVICES WILL
CONTINUE TO
IMPROVE AND WE THEREFORE FORECAST EBITDA GROWTH OF 15-20%
    * EXPECTS AN EBITDA GROWTH OF 15-20% IN 2024
    * EXPECTS TO REDUCE ITS LEVERAGE RATIO FROM 2.9 AT BEGINNING
OF
YEAR TO BETWEEN 2.4 AND 2.7 AT YEAR-END 2024
    * EXPECTS CAPITAL EXPENDITURE OF 4-5% OF REVENUE DURING 2024

Source text for Eikon:  ID:nWkr2j1l6g 
Further company coverage:  ARCHA.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;  +48 58 769 66 00;))