May 09, 2019 / 07:00AM GMT
Operator
Welcome to the Archer First Quarter 2019 Earnings Release Call. (Operator Instructions)
Today, I am pleased to present Executive Chairman, Kjell-Erik Ãstdahl; and CFO, Dag Skindlo. Please go ahead, with your meeting.
Kjell-Erik Ãstdahl - Archer Limited - Executive Chairman
Thank you, Marella, and good morning, ladies and gentlemen. And thank you for joining us for Archer's First Quarter 2019 Earnings Conference Call.
Moving to Slide 2. I would like to note that the information provided in today's call includes forward-looking statements as well as non-GAAP financial measures. I will summarize Archer's highlights from the first quarter before Dag will review operation and the financials. Before ending the call, I will open the line for questions. Next slide, please.
We continue our strong operating and financial performance in the quarter with a reported EBITDA margin of 11.1% and EBIT margin of 5.3%. Archer has, through this downturn, steadily improved the EBITDA margin from 5.6% in 2016 to 8.3% in
Q1 2019 Archer Ltd Earnings Call Transcript
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