19.01.2016,
3234 Zeichen
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
annual result/preliminary result 2015
Schoeller-Bleckmann Oilfield Equipment AG: Preliminary result for 2015
Massive slump of global drilling activity impacted results\nPositive EBIT before one-off effects\nProfoundly robust balance-sheet structure: Liquid funds grown to nearly MEUR 200\n Ternitz/Vienna, 19 January 2016. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the ATX market of the Vienna Stock Exchange, was confronted
with the consequences of the profound downturn in the oilfield service industry
in the 2015 financial year. On the back of the oil price slump the number of
global drilling operations fell by 44.9 % until the end of the year.
Despite numerous efforts to combat the decline, this downturn was reflected
in the operating result of SBO. Following record booking figures in 2014,
bookings contracted by 59.4 % and are expected to stand at MEUR 202 (2014: MEUR
497.9), sales went down by 36.1 % to MEUR 312 (2014: MEUR 488.6). In this
extremely difficult environment SBO generated a positive EBIT (earnings before
interest and tax) before one-off effects of an estimated MEUR 2. On the one
hand the one-off effects comprise impairments of goodwill and of fixed assets
as well as restructuring expenses totalling MEUR minus 26, leading to an EBIT
after impairments and restructuring charges of MEUR minus 24. On the other hand
financial income of MEUR 3 (pre-dominantly from a release of option
commitments) was generated. As a result, profit before tax arrived at MEUR
minus 21 (2014: MEUR: 80.0).
Gerald Grohmann, CEO of SBO: "We brace for another difficult business year
in 2016, but with our profoundly robust balance-sheet structure the company is
very well prepared to meet those challenges. We will continue our active cost
management in the company. At the same time, we will systematically continue
the search for attractive acquisition targets which fit in well with our
strategy and align SBO to ensure we can make full use of the next upswing."
SBO significantly increased liquid funds by 31 December 2015 to close to
MEUR 200 (31 December 2014: MEUR 130.2).
Note: All figures are preliminary and rounded.
Schoeller-Bleckmann Oilfield Equipment AG is the global market leader in
high-precision components and a leading supplier of oilfield equipment for the
oilfield service industry. The business focus is on non-magnetic drillstring
components and high-tech downhole tools for drilling and completing directional
and horizontal wells. As of 31 December 2015, SBO employed a workforce of 1.135
worldwide (31 December 2014: 1.720), thereof 376 in Ternitz/Austria and 399 in
North America (including Mexico).
end of announcement euro adhoc
company: 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
sector: Oil & Gas - Upstream activities
ISIN: AT0000946652
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English
Digital press kit: http://www.ots.at/pressemappe/2917/aom
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SBO
Akt. Indikation: 36.50 / 36.95
Uhrzeit: 19:03:42
Veränderung zu letztem SK: -0.07%
Letzter SK: 36.75 ( 1.94%)
Bildnachweis
1.
OMV, Andritz, Rosenbauer, Miba, SBO, Lenzing, Kapsch, ams - die börsenotierte Auswahl der 12 Growth Champions unter Österreichs Top100
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