Schoeller-Bleckmann Oilfield Equipment AG
euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Earnings /
Schoeller-Bleckmann Oilfield Equipment AG: Clear sales and profit
increase in 2004 according to preliminary figures
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
20.01.2005
Schoeller-Bleckmann Oilfield Equipment AG: Clear sales and profit increase in 2004 according to preliminary figures
Ternitz, January 20, 2005: Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the prime market of the Vienna Stock Exchange, generated a clear sales and profit increase in 2004. Based on preliminary figures, group sales amounted to EUR 152 mill., some 13% above the sales achieved last year of EUR 134.2 mill. Profit before tax is expected to reach EUR 15 mill. (following 9.4 mill.), an increase of 60%.
The year 2004 was characterized by a generally friendly economic environment, which resulted in a noticeable increase of drilling activities and, consequently, stronger demand for oilfield service equipment.
The clear increase in profit was achieved although the dollar, for the second year in a row, performed very poorly against the Euro. Based on the average exchange rate, the US-dollar lost around 10% against the Euro compared to last year.
The final results of the business year having ended on December 31, 2004 will be published by SBO on February 16, 2005.
Schoeller-Bleckmann Oilfield Equipment AG is the global leader for 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 837 (December 31, 2003: 800), currently 211 in the company headquarters at Ternitz, Lower Austria, and 435 in North America (including Mexico). The majority shareholder of the company is Berndorf AG.
end of announcement euro adhoc 20.01.2005 09:00:00
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: ext. 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: 94665
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official dealing