SBO Doubled Profits

IndustrialsIndustrial Goods ♦ Published: November 16, 2011; 13:06 ♦ (Vindobona)

The Austrian supplier of oilfield equipments raised sales by 36.6%. SBO starts into the fourth quarter with a sound order backlog

SBO Doubled Profits / Picture: ©

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, seamlessly continued its promising business development in the previous quarters throughout the third quarter of 2011. Sales generated in the first nine months of 2011 climbed from last year's € 215.2m to € 293.9m, or by 36.6 %.

Earnings before interest and taxes (EBIT) in…