Schoeller-Bleckmann Oilfield Equipment AG: Another absolute record result according to preliminary figures –  order backlog also at new record level

Ternitz, January 21, 2008. Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX prime market of the Vienna Stock Exchange, continued to achieve dynamic sales and profit growth in fiscal 2007.

Based on preliminary figures, group sales rose 32 % from MEUR 239.5 in the year before to MEUR 317. Profit before tax of around MEUR 72 increased by 54 % year-on-year (MEUR 46.8).  
According to preliminary figures, the order backlog amounting to MEUR 249 as at 31 December 2007 again surpassed the record MEUR 241 as at the end of 2006.  

The final figures for the full 2007 fiscal year (1 January – 31 December 2007) will be published by SBO on 12 March 2008. 

Schoeller-Bleckmann Oilfield Equipment AG is the global market leader in high-precision components for the oilfield service industry. The business focus is on non-magnetic drillstring components for directional drilling. Worldwide, SBO employs a workforce of 1222 (31 December 2006: 1086), 375 in Ternitz/Austria and 603 in North America (including Mexico).

Further inquiry note:
Gerald Grohmann, Chief Executive Officer
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext 110, fax: ext 101
E-Mail: sboe@sbo.co.at

Gernot Bauer, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext 250, fax: ext 101
E-Mail: g.bauer@sbo.co.at