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SBO: Strong demand in North America drives sales and positive operating result in the first three quarters of 2017

Published: November 23, 2017; 08:00 · (Vindobona)

The market environment of the oilfield service industry improved significantly in the first three quarters of 2017. North America turned out to be the driving force for the industry. Internationally, markets were stable but still in stagnation. Schoeller-Bleckmann Oilfield Equipment AG (SBO), which is listed in the ATX segment of the Vienna Stock Exchange, benefited from its strong position in North America and posted high increases in sales, bookings and operating result for the first three quarters of 2017. As announced in October, this business success required an expense posting for the shares of minority shareholders of Downhole Technology impacting the financial result figure.

SBO: Strong demand in North America drives sales and positive operating result in the first three quarters of 2017 / Picture: © Vindobona

Quarterly Report

Ternitz/Vienna -
- SBO benefits in its strong position from the upswing in North America
- EBITDA-margin in third quarter of 2017 above long-term average for the first
time in two years of crisis
- Well Completion success increases value of subsidiary and requires expense
booking for shares of minority shareholders

Sales in…

This article includes a total of 1284 words.

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