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Schoeller-Bleckmann Oilfield Equipment AG: Sales increased steeply in first half of 2017, bookings doubled

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

The business environment of the oilfield service industry shows strong signs of recovery. While stagnation is observed internationally, the United States and Canada are driving this development. This is where spending for exploration and production (E&P) is set to grow by 41 % in year 2017. Schoeller-Bleckmann Oilfield Equipment AG (SBO), which is listed in the ATX segment of the Vienna Stock Exchange, benefits from its strong positioning in the North American market and posts substantially higher sales and bookings figures for the first half of 2017.

Schoeller-Bleckmann Oilfield Equipment AG: Sales increased steeply in first half of 2017, bookings doubled / Picture: © Vindobona

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

- Upward trend in North America continues
- Earnings improvement driven by strong second quarter
- SBO is well positioned for further growth

Mid Year Results

Ternitz - Ternitz/Vienna, 24 August 2017. The…

This article includes a total of 1253 words.

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