Schoeller-Bleckmann Oilfield Equipment AG

EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Preliminary result for 2014

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annual result/preliminary result for 2014 
12.01.2015


Schoeller-Bleckmann Oilfield Equipment AG: Preliminary result for 2014 

- Sales and bookings increased 
- Continued high operating profitability 
- One-off effects impact net income 

Ternitz/Vienna, 12 January 2015. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the ATX market of the Vienna Stock Exchange, posted sound
business results according to preliminary figures for fiscal 2014. Sales climbed
by 6.4% to MEUR 488 (2013: MEUR 458.6). Earnings before interest and taxes
(EBIT) before one-off effects of approximately MEUR 100 are expected to arrive
slightly above the previous year (2013: MEUR 97.7), representing an expected
EBIT margin before one-off effects of 20.5%, clearly above the long-term
average. Compared to the previous year, SBO grew bookings in 2014 to MEUR 497,
up 16.7% (2013: MEUR 425.9). Year-on-year, bookings received in the fourth
quarter also climbed to MEUR 127 (Q4 2013: MEUR 95). 
 
EBIT in 2014 are impacted by one-off effects amounting to an expected total of
approximately MEUR 18 and containing essentially an adjustment of the goodwill
of U.S. subsidiary Godwin-SBO L.L.C. required by the currently volatile
situation in the oilfield service industry. Furthermore, this amount contains
already announced expenses of around MEUR 5 dedicated to structural improvements
of the company's shareholdings in the UK. 

As the market environment is influenced by the oil price situation SBO expects
the oilfield service industry to develop at a considerably less stable level in
the 2015 financial year compared to 2014.
 
Note: All figures are preliminary and rounded.
This release replaces the communication concerning the preliminary result for
2014 originally scheduled for 16 January 2015. Final results for the past
financial year 2014 (1 January to 31 December 2014) will be published by SBO on
19 March 2015.

end of ad-hoc-announcement
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Schoeller-Bleckmann Oilfield Equipment AG is the global market leader in
high-precision components and a leading supplier of oilfield equipment for the
oilfield service industry. The business focus is on non-magnetic drillstring
components and high-tech downhole tools for drilling and completing directional
and horizontal wells. As of 31 December 2014, SBO employed a workforce of 1720
worldwide (31 December 2013: 1574), thereof 451 in Ternitz/Austria and 714 in
North America (including Mexico).

Further inquiry note:
MMag Florian Schütz, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz/Austria, Hauptstrasse 2
Tel.: +43 2630 315-251
Fax: +43 2630 315-501
E-Mail: f.schuetz@sbo.co.at

end of announcement                               euro adhoc 
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issuer:      Schoeller-Bleckmann Oilfield Equipment AG
             Hauptstrasse 2
             A-2630 Ternitz
phone:       02630/315110
FAX:         02630/315101
mail:     sboe@sbo.co.at
WWW:      http://www.sbo.at
sector:      Oil & Gas - Upstream activities
ISIN:        AT0000946652
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 

Original-Content von: Schoeller-Bleckmann Oilfield Equipment AG, übermittelt durch news aktuell

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