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Schoeller-Bleckmann Oilfield Equipment AG: Sales and profit rising in the first quarter of 2017

Published: May 24, 2017; 08:00 · (Vindobona)

The oilfield service industry started into 2017 on an appreciable recovery of the North American market. Internationally, such revival has not yet started to take place. According to analysts, this picture should continue throughout the full year: For 2017, spending for exploration and production (E&P) is expected to increase by 21 % in North America, but only 2 % internationally. Thus, the repercussions of the sharpest decline in the industry in the past 30 years are still being felt.

Schoeller-Bleckmann Oilfield Equipment AG: Sales and profit rising in the first quarter of 2017 / Picture: © Vindobona.org

Corporate news transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is responsible for the content of this announcement.

Quaterly Report

Ternitz - - Continued market recovery in North America; internationally, such
revival has not yet started

- Sales and bookings develop positively within expectations
- The company is well…

This article includes a total of 1114 words.

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