Strong Growth Rates for Schoeller-Bleckmann

Industrials › Industrial Goods ♦ Published: May 18, 2011; 09:29 ♦ (Vindobona)

The Austrian oilfield equipment company recorded strong results in the first quarter. Sales went up by 81.8%, EBIT quadrupled to € 20m.

Strong Growth Rates for Schoeller-Bleckmann / Picture: © Vindobona.org

The first quarter of 2011 saw stable business development for Schoeller-Bleckmann Oilfield Equipment AG (SBO), as the company recorded strong sales and profit growth over the first quarter of 2010, a period still marked by the market slump in 2009. Sales grew by 81.8% to € 97.3m (following € 53.6m in the first quarter of 2010), reflecting the excellent bookings situation in the…

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