SBO: Massive Rise in Profits

Businessn.a. ♦ Published: March 8, 2012; 09:55 ♦ (Vindobona)

The Austrian Schoeller-Bleckmann Oilfield Equipment notes a substantial improvement in results of 2011. Profits increased by 95%.

SBO: Massive Rise in Profits / Picture: ©

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, in fiscal 2011 seamlessly followed on the sound upwards development of the preceding financial year. Bookings, consolidated sales, EBITDA and EBIT not only significantly exceeded last year's levels, but also the relevant figures in the former record year 2008.

Growing by 28.4 %…