Investor Relations

Schoeller-Bleckmann Oilfield Equipment AG: Preliminary figures show absolute record year - order backlog of MEUR 241 also at absolute record level

 
Ternitz, January 23, 2007. Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX prime market of the Vienna Stock Exchange, posted absolute record sales and profit-before-tax figures in fiscal 2006. Based on preliminary figures, group sales amounted to MEUR 239.5, up 39% against last year’s MEUR 172.7. Profit before tax almost doubled to around MEUR 46 (following MEUR 24.4) .

According to preliminary figures, bookings grew by 30%, from MEUR 269 in 2005 to MEUR 349 in fiscal 2006. The order backlog as at December 31, 2006 totalled MEUR 241 over MEUR 134 MEUR year-on-year, reaching a new record level.

„2006 was the best business year by far in the company’s history. This was due, on the one hand, to the booming oilfield service industry; on the other hand, we could perfectly profit from this development by expanding our production capacities in due time“, comments Gerald Grohmann, SBO’s CEO.

The final figures for the year ended on December 31, 2006 will be published by SBO on March 15, 2007.


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. Wordlwide, SBO employs a workforce of 1086 (December 31, 2005: 913), 297 in Ternitz/Austria and 558 in North America (including Mexico) 558.

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

Mick Stempel, Hochegger|Financials
Tel: +43 1/504 69 87 ext 85
E-mail: m.stempel@hochegger.com