EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Key word(s):
Preliminary Results
Preliminary results 2024: SBO with strong cash generation and solid
results despite challenging market conditions
22.01.2025 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Preliminary results 2024: SBO with strong cash generation and solid
results despite challenging market conditions
Ternitz/Vienna, 22 January 2025. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed in the leading ATX index of the Vienna Stock Exchange, today
announced its preliminary results for the financial year 2024. Despite a
challenging market environment, especially in the US, SBO's sales of MEUR
560 in 2024 were just slightly below the record level of the previous year
(2023: MEUR 585.9). The Group's EBITDA amounted to MEUR 100 (2023: MEUR
131.3) and an EBITDA margin of 17.9%. EBIT of MEUR 69 (2023: MEUR 102.3)
and an EBIT margin of 12.3% reflect the difficult market environment in
the US and cautious investment behavior internationally, as well as
one-off expenses in the Oilfield Equipment (OE) division in the first half
of the year. Profit before tax amounted to MEUR 62 (2023: MEUR 94.2).
SBO's balance sheet remains very strong. Cash and cash equivalents almost
doubled to MEUR 315 in 2024 (2023: MEUR 162.4), and net debt decreased
substantially from MEUR 92.3 to MEUR 56.
Klaus Mader, CEO of SBO, says: "In the course of 2024, market activity
developed slower than expected, especially in the U.S. We acted quickly
and decisively with operational and organizational measures which led to a
recovery in our OE division in the second half of the year and a further
EBIT improvement in the fourth quarter. Our strong cash generation and the
additional funds raised provide us with the necessary firepower for
strategic investments.”
Note: All figures for 2024 are provisional and rounded. The 2024 results
will be presented at the annual results press conference on 20 March 2025.
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 around 1,600
employees worldwide, the Group is successfully positioned in
technologically demanding, profitable niches. The Group is headquartered
in Ternitz, Austria.
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
E-Mail: (2)media.relations@sbo.co.at
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22.01.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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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: 2072021
End of News EQS News Service
2072021 22.01.2025 CET/CEST
References
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1. mailto:investor.relations@sbo.co.at
2. mailto:media.relations@sbo.co.at
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