EQS News: Schoeller-Bleckmann Oilfield Equipment AG / Key word(s): Preliminary results SBO with record sales and excellent preliminary results 2023 01/17/2024 / 08:00 CET/CEST The issuer/publisher is responsible for the content of the announcement. ═════════════════════════════════════════ ═════════ ════════════════════════ SBO with record sales and excellent preliminary result 2023 Ternitz/Vienna, January 17, 2024. The Schoeller -Bleckmann Oilfield Equipment AG (SBO) announces its preliminary results for the 2023 financial year, which show excellent sales and earnings development. With a new record turnover of MEUR 585, SBO achieved significant growth of 17% compared to the already high turnover of the previous year (2022: MEUR 501.2). The operating result (EBIT) also exceeded the previous year’s result and rose from MEUR 96.2 to MEUR 104 in 2023. Adjusted for currency gains and losses, EBIT increased by 22% to MEUR 111 (adjusted EBIT 2022: MEUR 90.9), resulting in an excellent adjusted EBIT margin of 19% for the full year (2022 adjusted EBIT margin: 18.1%). The profit before taxes of MEUR 95 was also higher than the previous year (2022: MEUR 93.3), although the profit before taxes in 2023 was reduced by a one-off expense item in the financial result. The increased operating result compared to 2022 is due to an excellent year for the Advanced Manufacturing & Service (AMS) division, which was achieved through high growth in international markets and excellent operational performance. The Oilfield Equipment (OE) division posted solid results overall despite a reduction in drilling and completion activities in the US market in 2023. The division recorded a strong finish to the year-end with significant growth and improved profitability in the fourth quarter. SBO closed the year with a strong balance sheet, including a high level of liquid assets of MEUR 162 (2022: MEUR 287.8). With these results, the board will propose a dividend payment of 2.00 euros per share. CEO Klaus Mader summarizes the success of the year: “In 2023 we have once again proven our operational strength. Supported by the outstanding performance of our AMS division, we achieved record sales and high profitability. A high order backlog, the recovery of the OE division in the fourth quarter and solid market fundamentals mean we are confident going into 2024. Thanks to our strong financial position and our positive cash flow generation, we are optimally positioned to invest in our future growth.” Note: All figures for 2023 are preliminary and rounded. The 2023 results will be presented at the balance sheet press conference on March 20, 2024. ABOUT SBO: SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft (SBO) is a globally active group of companies and world market leader in the production of high-alloy, non-magnetizable stainless steels. The SBO Group operates high-precision production of special components for the oil, gas and other industries using innovative technologies and additive manufacturing technologies. At the same time, the SBO Group is recognized worldwide for its directional drilling tools and equipment for well completion in the oil, gas and geothermal energy industries. With its subsidiaries and around 1,600 employees worldwide, the group operates in technologically sophisticated, profitable niches positioned successfully. The group’s headquarters are in Ternitz, Austria. An active contribution to the energy transition is a central element of the Group’s Strategy 2030. Detailed information on this and on the topic of ESG can be found in the 2022 annual report
https://www.sbo.at/publikationen available. Inquiries: Monika Bell Head of Investor Relations Schoeller-Bleckmann Oilfield Equipment AG Tel: +43 2630 315-253 Email: (1)investor.relations@sbo.co.at Ildiko Füredi-Kolarik, Senior Advisor Tel: +43 660 3211107 E-Mail: (2)media.relations@sbo.co.at ══════════════════════════════════════ ═══════ ═════════════════════════════ 01/17/2024 CET/CEST Publication of a corporate news/financial announcement, transmitted by EQS Group AG. www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: German Company: Schoeller-Bleckmann Oilfield Equipment AG Hauptstrasse 2 2630 Ternitz Austria Telephone: +43 (0)2630/315110 Fax: +43 (0)2630/315101 Email: sboe@sbo.co.at
Internet: http://www.sbo.at
ISIN: AT0000946652 Indices: ATX Stock exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1816239 End of message EQS News Service 1816239 01/17/2024 CET/CEST References Visible links 1. investor.relations@sbo.co.at
2. media.relations@sbo.co.at