SBO Tripled Profit

IndustrialsIndustrial Goods ♦ Published: August 18, 2011; 09:27 ♦ (Vindobona)

The Austrian oilfield equipment company presented strong half-year results. Sales went up 52%, EBIT increased from € 14.2m to € 40.1m.

SBO Tripled Profit / Picture: ©

For Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, the first half of 2011 saw a highly satisfying development of sales and profit compared to the same period of the previous year. Sales generated in the first half of 2011 surged 52 % vs. 2010, from € 127.6m to € 194.4m. Following € 14.2m year-on-year, earnings before…