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EQS-News: Schoeller-Bleckmann Oilfield Equipment AG: SBO posts highest 9-month sales and earnings figures in the past ten years

EQS-News: Schoeller-Bleckmann Oilfield Equipment AG


/ Key word(s): Quarter Results






Schoeller-Bleckmann Oilfield Equipment AG: SBO posts highest 9-month sales and earnings figures in the past ten years








24.11.2022 / 08:00 CET/CEST




The issuer is solely responsible for the content of this announcement.



SBO posts highest 9-month sales and earnings figures in the past ten years



Bookings at an all-time high of MEUR 431.1, sales increase to MEUR 361.3




EBIT more than quadrupled to MEUR 72.6, profit after tax increased six-fold to MEUR 55.3


Ternitz, 24 November 2022. SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft (SBO), which is listed on the ATX leading index of the Vienna Stock Exchange, recorded the best development in a decade in the first nine months of 2022. Bookings arrived at their all-time high of MEUR 431.1. SBO's sales in the first nine months of the year climbed to MEUR 361.3, up 73 % year-on-year. EBIT increased by 350 %, standing at MEUR 72.6, and profit after tax grew six-fold to MEUR 55.3. Net liquidity rose to MEUR 37.8 and gearing improved further to minus 8.5 %.

Gerald Grohmann, CEO of SBO: "High investment requirements in the exploration and production of oil and gas support demand for our products and services, which exceeded our expectations in the first three quarters of 2022. We are growing in all regions and product areas and see the best development in around a decade. Thus, we are heading for an extremely strong year."

Sales and earnings development at a 10-year high


Bookings at SBO picked up sharply in the first nine months of 2022, arriving at a record level of MEUR 431.1 (1-9/2021: MEUR 237.1, up by 82 %). Sales soared to MEUR 361.3 (1-9/2021: MEUR 208.3, up by 73 %). The order backlog at the end of September stood at MEUR 189.5 (31 December 2021: MEUR 111.7).

Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to MEUR 96.8 in 2022, following MEUR 40.1 in the first three quarters of 2021, and the EBITDA margin went up to 26.8 % (1-9/2021: 19.2 %). Profit from operations (EBIT) came to MEUR 72.6, more than quadrupling year-on-year (1-9/2021: MEUR 16.1)
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