EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Key word(s):
Preliminary Results
SBO with record sales and excellent preliminary results for 2023
17.01.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
SBO with record sales and excellent preliminary results for 2023
Ternitz/Vienna, 17 January 2024. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed in the ATX leading index of the Vienna Stock Exchange,
announces its preliminary results for the fiscal year 2023, demonstrating
excellent financial performance both top and bottom line.
SBO achieved an all-time high in sales totaling MEUR 585 for the year, an
impressive 17% growth on top of already high sales in 2022 (MEUR
501.2). Profit from operations (EBIT) also outperformed last year’s
results, increasing from MEUR 96.2 to MEUR 104 in 2023. Adjusted for
foreign exchange gains and losses, EBIT grew by 22 % to MEUR 111 (adj.
EBIT 2022: MEUR 90.9), leading to a remarkable adjusted EBIT margin of 19
% for the full year (adj. EBIT margin 2022: 18.1 %). Profit before tax of
MEUR 95 was also above last year (2022: MEUR 93.3) whereby the higher EBIT
in 2023 was largely offset by one-off expenses in the financial result.
The improved operating results compared to 2022 were driven by an
outstanding year of the Advanced Manufacturing & Service (AMS) division,
thanks to thriving international markets and excellent operational
execution. The Oilfield Equipment (OE) division recorded robust results
despite a reduction of drilling and completion activities in the US market
in 2023. The division showed a strong finish of the year with significant
quarter-over-quarter growth and improved profitability in the fourth
quarter.
SBO finished the year with a strong balance sheet, complemented by a
healthy cash balance of MEUR 162 (2022: MEUR 287.8). With these results,
the Executive Board will propose a dividend payment of EUR 2.00 per share.
CEO Klaus Mader, in reflecting on the year’s success, concludes, “In 2023,
once again, we demonstrated our operational strength. We achieved record
sales, supported by the excellent performance of our AMS division
resulting in high profitability. A high order backlog, the rebounding of
the OE division in the fourth quarter and solid market fundamentals make
us confident going into 2024. Thanks to our healthy balance sheet and
our continuous cash flow generation we are well positioned to invest in
future growth.”
Note: All figures relating to 2023 are preliminary and rounded. The
results 2023 will be presented at a press conference on 20 March 2024.
About SBO
SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft (SBO) is a
globally operating group of companies and world market leader in the
manufacture of high-alloy, non-magnetic steels. The SBO Group is engaged
in high-precision production of special components for the oil, gas and
other industries by applying innovative and additive manufacturing
technologies. The SBO Group is equally recognized worldwide for its
directional drilling tools and equipment for well completion in the oil,
gas, and geothermal industry. With its subsidiaries and about 1,600
employees worldwide, the Group is successfully positioned in
technologically demanding, profitable niches. The Group is headquartered
in Ternitz, Austria. Making an active contribution to energy transition is
a key element of the Group’s Strategy 2030. More detailed information on
the Strategy 2030 and sustainable management (ESG) is available in the
Annual Report 2022 at https://www.sbo.at/publikationen.
Contact:
Monika Bell
Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
Tel: +43 2630 315-253
E-Mail: (1)investor.relations@sbo.co.at Ildiko Füredi-Kolarik, Senior Advisor Tel: +43 1 504 69 87 DW 351 E-Mail: (2)media.relations@sbo.co.at
══════════════════════════════════════════════════════════════════════════
17.01.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
══════════════════════════════════════════════════════════════════════════
Language: English
Company: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
2630 Ternitz
Austria
Phone: +43 (0)2630/315110
Fax: +43 (0)2630/315101
E-mail: sboe@sbo.co.at
Internet: http://www.sbo.at
ISIN: AT0000946652
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1816239
End of News EQS News Service
1816239 17.01.2024 CET/CEST
References
Visible links
1. investor.relations@sbo.co.at
2. media.relations@sbo.co.at