Adj. EBITDA of USD 78m well above ARCe at USD 40m
EBITDA guidance for FY22 at USD 240-280m below ARCe at USD 292m
Strong market outlook in benign waters, more muted in harsh
We view the report as neutral to slightly negative vs our expectations

25 May 2022
Arctic FLASH: Seadrill - Strong Q1 offset by its FY guidance

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Arctic FLASH: Seadrill - Strong Q1 offset by its FY guidance
Adj. EBITDA of USD 78m well above ARCe at USD 40m
EBITDA guidance for FY22 at USD 240-280m below ARCe at USD 292m
Strong market outlook in benign waters, more muted in harsh
We view the report as neutral to slightly negative vs our expectations