Schoeller-Bleckmann Oilfield Equipment AG: Annual General Meeting resolves to increase dividend to EUR 1.50 per share

Ternitz/Vienna, 25 April 2013: The Annual General Meeting of Schoeller-Bleckmann Oilfield Equipment AG (SBO) listed on the ATX segment of the Vienna Stock Exchange, resolved to increase the dividend for fiscal 2012 from last year's EUR 1.20 to EUR 1.50, of which EUR 0.50 are attributed to the basic dividend and EUR 1.00 to the bonus. The ex-dividend and dividend payment date was set at 8 May 2013.
The Executive Board and the Supervisory Board were granted discharge for fiscal 2012 by the Annual General Meeting.
According to the Articles of Association, Dr. Peter Pichler's Supervisory Board mandate ended at this year's Annual General Meeting by draw. At the election to the Supervisory Board, Dr. Peter Pichler was reappointed as Supervisory Board member until the Annual General Meeting to be held in 2018.

For the current fiscal year 2013, SST Schwarz & Schmid Wirtschaftsprüfungsges. m.b.H. Wirtschaftsprüfungs- und Steuerberatungsgesellschaft was appointed auditor of the annual financial statements of the company, and Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. was appointed auditor of the consolidated financial statements.
In their report delivered to the Annual General Meeting the Executive Board gave an extensive overview of fiscal 2012 for SBO and on the current market situation, pointing out that the tendency of some customers to cut on tool order volumes due to high inventories continues as observed in the months before. The underlying reason for the current inventory situation can be found in the overordering that took place in the first half of 2012. A reversal of this trend in incoming orders for SBO can be expected only when customers have reduced their inventories accordingly.

As the fundamental data of the oilfield service industry has remained intact, SBO nevertheless sees a positive industry environment. Despite its ongoing spending for growth the company is based on a sound balance sheet, low debt and attractive cash-flow. Therefore, mid-term growth prospects for SBO remain intact.


Schoeller-Bleckmann Oilfield Equipment AG is the global market leader in high-precision components for the oilfield service industry. Worldwide, SBO has employed a workforce of 1591 as at 31 December 2012 (31 December 2011: 1459), thereof 460 in Ternitz/Austria and 651 in North America (including Mexico).


Further inquiry note:
Florian Schütz, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext 251, fax ext 501
e-mail: f.schuetz@sbo.co.at