SBO Reports Strong Rise in Earnings

Business › n.a. ♦ Published: January 17, 2012; 10:37 ♦ (Vindobona)

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, again posted a remarkable increase in sales and profit in fiscal 2011.

SBO Reports Strong Rise in Earnings / Picture: © Vindobona.org

This satisfying result was due to SBO's position as supplier of high-precision components for the oilfield service industry and the strong industry cycle that remained unaffected by the economic slowdown seen in the second half of 2011.

Based on preliminary figures, group sales went from € 307.7m in the previous year to € 407.0m, up 32 %. Earnings before tax (EBT) climbed by…

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