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17.01.2019 – 08:00

Schoeller-Bleckmann Oilfield Equipment AG

EANS-News: Schoeller-Bleckmann Oilfield Equipment AG
Preliminary result for 2018

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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
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- SBO boosted by recovery in North America and international markets
- EBIT almost tripled to MEUR 70, sales up 30 % to MEUR 420


Financial Figures/Balance Sheet

Ternitz/Vienna - 17 January 2019. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the ATX market of the Vienna Stock Exchange, posts a successful
2018 financial year. The company took advantage of the market situation and,
alongside the strong activities in North America, benefited from the beginning
upturn observed internationally. Demand for SBO's products and services resulted
in full order books and a steep increase in sales and earnings.

According to preliminary figures for 2018, bookings received by SBO climbed 40 %
to MEUR 480 (2017: MEUR 342.0). Sales rose by 30 % to MEUR 420 (2017: MEUR
324.2). The operating result (EBIT) increased sharply, almost tripling to MEUR
70 (2017: MEUR 25.6). Profit before tax arrived at MEUR 55 (2017: MEUR minus
69.8, including a non-cash-effective expense posting for option commitments in
the amount of MEUR 87.6).

"We look back on a sound 2018 financial year. All in all, the unexpectedly sharp
drop in the oil price and the slowdown in activities in the fourth quarter had
only a relatively minor impact on SBO's performance," says Gerald Grohmann, CEO
of SBO. "Looking at the full year, we saw recovery in almost all regions
alongside the dynamic North American business. We have prepared the company for
this environment at an early stage and could make optimal use of the market
opportunities, build up our workforce and make specific investments to grow our
company".

Note: All figures related to 2018 are preliminary and rounded.

SBO is a leading supplier of tools and equipment for directional drilling and
well completion applications and the global market leader in the manufacture of
high-precision components made of non-magnetic steel. The product offering
ranges from complex customized components for the oilfield service industry to
high-efficiency solutions and products for the oil and gas industry. As of 31
December 2018, SBO employed a workforce of 1,642 worldwide (31 December 2017:
1,432), thereof 369 in Ternitz / Austria and 866 in North America (including
Mexico).




Further inquiry note:
Andreas Böcskör, Head of Investor Relations	
Schoeller-Bleckmann Oilfield Equipment AG	 
A-2630 Ternitz, Hauptstraße 2	
Phone: +43 2630/315 ext 252, fax ext 101	
E-Mail: a.boecskoer@sbo.co.at 

Ildiko Füredi-Kolarik
Metrum Communications GmbH
Phone: +43 1 504 69 87 ext 351
E-Mail: i.fueredi@metrum.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
ISIN:         AT0000946652
indexes:      WBI, ATX
stockmarkets: Wien
language:     English
 

Original content of: Schoeller-Bleckmann Oilfield Equipment AG, transmitted by news aktuell

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