euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG / quarterly or semiannual financial statement / Schoeller-Bleckmann Oilfield Equipment AG: Sales and profit 1-9/2007 again substantially improved

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9-month report

21.11.2007

Schoeller-Bleckmann Oilfield Equipment AG: Sales and profit 1-9/2007
again substantially improved - Last-year record profit exceeded
already after first nine months of 2007 - Capital expenditures drive
further growth - Market environment remains positive

Ternitz, 21 November 2007. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the Vienna Stock Exchange, utilised the positive
overall conditions in the oilfield service market for further
corporate growth and substantial profit improvement. Group sales in
the first nine months of 2007 went up 32.3 % year-on-year to MEUR
233.6 (following MEUR 176.6), once again an excellent result. This
growth in sales was due to the continuous expansion of production
capacities and stronger pricing.

The nine-month EBIT was improved even more than the sales volume, in
fact 56.5 % to currently MEUR 55.0 (previous year: MEUR 35.1).
Accordingly, the EBIT margin in the first nine months of 2007 climbed
to a new and absolute best-ever level of 23.5 % (previous year: 19.9
%). Profit before tax went up 55.6 % to MEUR 52.7 in the first nine
months of 2007 (previous year: MEUR 33.9), exceeding the top result
achieved in full 2006 already in that period. Net income for 1-9/2007
stood at MEUR 37.7, up 53.7 % from MEUR 24.5 year-on-year. Earnings
per share in the first nine months of 2007 were EUR 2.35, following
EUR 1.53 in the same period of 2006, an increase of 53.7 %.

The strong demand was reflected in the continued high level of
bookings worth MEUR 103.9 for the third quarter of 2007 (third
quarter of 2006: MEUR 102.1), concerning all segments and regions
alike. Accumulated bookings in the first nine months of 2007 arrived
at a new record figure of MEUR 266.3, following MEUR 262.8
year-on-year. Order backlog as at 30 September 2007 stood at MEUR
260.3 (previous year: MEUR 218.3). The order horizon reaches well
into 2008.

Despite of the tight worldwide situation in the supply of skilled
labour in the oilfield service industry, SBO´s headcount grew from
1051 as at 30 September 2006 to currently 1215. The future growth of
SBO will largely depend on the availability of skilled labour.

Capital expenditures to drive further growth Schoeller-Bleckmann
continued its strategic investment programme launched two years ago
and currently amounting to MEUR 150 as planned. In the first three
quarters of 2007, aggregate additions to fixed assets accounted for
MEUR 50.2, of which MEUR 15.4 were spent in the third quarter of
2007. Capital expenditures were used primarily for expanding the
Ternitz production site, where a new production facility for
long-term contracts with several key customers is being built. The
plant is scheduled to go onstream in the first quarter of 2008.

Outlook Provided that the global economy continues to develop
positively, the strong demand for crude oil will be sustained
throughout the fourth quarter of 2007 and beyond. As a result, it is
safe to assume that the market conditions for the oilfield service
industry will remain favourable in the next quarters.

SBO utilises these positive overall conditions to further accelerate
its growth strategy for manufacturing high-precision components. The
focus there is both on continuous capacity expansions at the
production sites and ongoing innovation of SBO products and
completion of the new plant in Ternitz. However, due to the boom
situation in the industry, steel mills have been expanding their
capacities as well, driving competition in offering non-magnetic
steels to third parties.

For fiscal 2007, Schoeller-Bleckmann therefore expects the positive
market environment to continue, even if factors such as the USD/EUR
exchange rate and development of raw material prices will have an
impact on business development. As the record profit generated in
full 2006 was already considerably exceeded in the first nine months
of 2007, another record year is anticipated for 2007. Also for 2008,
Schoeller-Bleckmann sees the prerequisites of continuing the
excellent business development fulfilled.

Comparison of key figures in MEUR

1-9/2007 1-9/2006 Change in %
Sales revenue 233.6 176.6 32.3
EBIT 55.0 35.1 56.5
EBIT-margin (%) 23.5 19.9 -
Profit before tax 52.7 33.9 55.6
Net income 37.7 24.5 53.7
EPS in EUR * 2.35 1.53 53.7
Headcount ** 1215 1051 15.6

* based on average shares outstanding
** reporting date 30 September

Schoeller-Bleckmann Oilfield Equipment AG is the global market leader
in 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 1215 (31
December 2006: 1086), thereof 375 at Ternitz/Austria and 606 in North
America (including Mexico).

end of announcement euro adhoc 21.11.2007 07:50:00
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ots Originaltext: Schoeller-Bleckmann Oilfield Equipment AG
Im Internet recherchierbar: http://www.presseportal.de

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: 907391
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official dealing