Archer Ltd. (ARCHER.OL,8SW.F), a sustainable energy solutions provider, Tuesday reported an increase in thirds quarter revenue and adjusted EBITDA, compared to the prior year.
The company reported an 1% year-over-year increase in revenue to $339.3 million.
The firm reported an 11% year-over-year increase in adjusted EBITDA to $40.2 million and 10% rise in EBITDA to $38.4 million.
Archer reiterated its fiscal year 2025 guidance and expects EBITDA growth of 8-15% compared to 2024.
Skindlo, CEO commented, "Our backlog of USD 4 billion, including options, provides good visibility for activity and earnings going forward."
On the Frankfurt Stock Exchange, the stock was trading 0.50 percent lower at 2.01 euros.
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