18.11.2005 – 08:37

Schoeller-Bleckmann Oilfield Equipment AG

euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG
quarterly or semiannual financial statement
Schoeller-Bleckmann Oilfield Equipment AG: Profit before tax goes up 53% in the first nine months of 2005 to EUR 16.9 mill - Bookings up 64% from last y

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

17.11.2005

Ternitz, November 18, 2005. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the prime market ATX of the Vienna Stock Exchange,
posted a 53% increase in profit before tax of EUR 16.9 mill in the
first nine months of fiscal 2005 (following EUR 11.1 mill). In the
period under review, sales climbed 10% to reach EUR 123.9 mill after
EUR 113.0 mill in the same period of 2004. The net income generated
in the first nine months of 2005 grew 65% to EUR 12.0 mill, following
7.3 mill year-on-year. Bookings received in the first nine months
went up 64% to EUR 200.8 mill. The order backlog as of end of
September 2005 increased by 190%, totalling a record EUR 114.2 mill
(following EUR 39.3 mill).

The sustained high demand for oil at a price ranging from 56 to 70 US
dollars per barrel continues to have a vigorously stimulating effect
on the exploration activities of the international oil companies.
"Demand for oilfield service equipment, in particular for hi-tech
directional drilling, remains undiminished. In the third quarter,
Schoeller-Bleckmann received orders already for 2007, which is also
the background of the record order backlog", explained Gerald
Grohmann, Chief Executive Officer of Schoeller-Bleckmann Oilfield
Equipment AG. "This time horizon for orders is rather untypical of
our industry and is an indication that our customers also expect a
longer-term upward cycle for the oilfield service industry",
continued Mr Grohmann. The strong demand was observed in all segments
and production sites.

Capex substantially increased

Capital expenditure totalled EUR 13.4 mill (following EUR 7.1 mill in
the first nine months of 2004), a clear increase against last year’s
volume. It was used to build up the stock of drilling motors and to
expand the machinery for manufacturing high-precision components at
all sites.

Positive environment expected to continue

The overall market environment is expected to remain positive for the
oilfield service industry in the next months. It will be our
challenge within the coming months to cover the undiminished strong
demand for high-precision components by adjusting our production
capacities.

Comparison of key figures, in MEUR

1-9/2005       1-9/2004
Sales                123.9          113.0
EBIT                  17.2           12.2
EBIT margin (%)       13.9           10.8
Profit before tax     16.9           11.1
Net income            12.0            7.3
EPS*                   0.80           0.56
Headcount **         875            792

* based on average shares outstanding  **Reporting date Sept 30;
headcount 1-9/2004 adjusted for the Bafco subsidiary divested in Q1
of 2005

Schoeller-Bleckmann Oilfield Equipment AG is the global market leader
in high-precision components for the oilfield service industry. The
business focus is on non-magnetic drillstring components for
directional drilling. Worldwide, SBO employs a workforce of 875 (Sept
30, 2004: 792; adjusted for the Bafco subsidiary divested in Q1 of
2005), currently 221 at the company headquarters at Ternitz, Lower
Austria, and 450 in North America (including Mexico).

end of announcement                               euro adhoc 18.11.2005 08:00:00

Further inquiry note:

Gerald Grohmann, Chief Executive Officer
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext 110, fax: DW 101
E-Mail: sboe@sbo.co.at

Mick Stempel, Hochegger|Financials
Tel:+43 1/504 69 87 ext 85
E-Mail: m.stempel@hochegger.com

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official dealing