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Schoeller-Bleckmann Oilfield Equipment AG / Persistently challenging market environment weighs on business result - Positive operating cashflow andfundamentally strong balance sheet structure with high equity Ratio -Integration of newly acquired Downhol
Press Wire ♦
Published: August 24, 2016; 08:00 ♦ (Vindobona)
Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, was,like the entire oilfield service industry, confronted with a continued deterioration of the market environment in the first half of 2016. Oil companies cut back their spending even further, the number of globally active drill rigs thus dropped once again. Since the downturn started in 2014, the rig count has contracted by more than 60 %.
Schoeller-Bleckmann Oilfield Equipment AG / Persistently challenging market environment weighs on business result - Positive operating cashflow andfundamentally strong balance sheet structure with high equity Ratio -Integration of newly acquired Downhol / Picture: © Vindobona.org
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6-month report
Ternitz/Vienna, 24 August 2016.…
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