Schoeller-Bleckmann Oilfield Equipment AG
EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG records impairment of assets by approximately MEUR 20 due to the current environment
-------------------------------------------------------------------------------- Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet 13.08.2020 Ternitz - 13 August 2020 * Operating result in the first half of the year before one-off effects remains positive * Cashflow from operating activities increased Due to the massive hit to the global economic environment from COVID-19, Schoeller-Bleckmann Oilfield Equipment AG (SBO) has recognized non-cash impairment of assets at subsidiaries in North America. The operating result (EBIT) before one-off effects in the first half of 2020 arrived at MEUR 12 (1-6/ 2019: MEUR 38.9) and was impacted by impairment expenses of approximately MEUR 20, bringing EBIT after one-off effects to MEUR minus 9. Profit after tax was MEUR minus 12 (1-6/2019: MEUR 17.2). Half-year sales came to MEUR 185 (1-6/2019: MEUR 236.2). SBO's extremely solid balance sheet remains intact: According to preliminary figures, the equity ratio as of 30 June 2020 stood at 42% (31 December 2019: 42.3%), while net debt went down to MEUR 7 (31 December 2019: MEUR 20.1), and gearing improved to 2% (31 December 2019: 5.4%). Cashflow from operating activities rose to MEUR 50 in the first half of the year (1-6/2019: MEUR 38.2). The half-year figures for 2020 are preliminary and rounded. As announced, SBO's final half-year results will be published on 27 August 2020. Further inquiry note: Andreas Böcskör, Head of Investor Relations Schoeller-Bleckmann Oilfield Equipment AG A-2630 Ternitz, Hauptstraße 2 Tel: +43 2630 315 DW 252, Fax: DW 101 E-Mail: a.boecskoer@sbo.co.at end of announcement euro adhoc --------------------------------------------------------------------------------
issuer: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
A-2630 Ternitz
phone: 02630/315110
FAX: 02630/315101
mail: sboe@sbo.co.at
WWW: http://www.sbo.at
ISIN: AT0000946652
indexes: WBI, ATX
stockmarkets: Wien
language: English