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Schoeller-Bleckmann Oilfield Equipment - Higher growth expectations for US-subsidiary Downhole

Published: October 17, 2017; 16:04 · (Vindobona)

Downhole Technology, the latest addition to the Well Completion business of Schoeller-Bleckmann Oilfield Equipment AG (SBO) is exceeding the group's high expectations in terms of sales and profit due to strong demand and a sound market environment.

Schoeller-Bleckmann Oilfield Equipment - Higher growth expectations for US-subsidiary Downhole / Picture: © Vindobona

- Sound market environment and strong demand boost SBO's subsidiary Downhole
Technology
- Considerably higher company value requires expense posting of MEUR 90 for the
shares of minority shareholders
- Operational performance remains successful throughout the financial year,
sales in the third quarter of 2017 at MEUR 92 even doubled in a year-on-year

This article includes a total of 813 words.

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