EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Clearly positive annual result 2009 despite downturn in oilfield service industry - Proposed dividend EUR 0.50 following EUR 0.75

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10.03.2010

Ternitz/Vienna, 10 March 2010. Schoeller-Bleckmann Oilfield Equipment
AG (SBO), listed on the ATX market of the Vienna Stock Exchange,
announces the key figures for the fiscal year 2009 at its annual
press conference. Despite an extremely difficult market environment
SBO achieved a clearly positive annual result in 2009.

Group sales in fiscal 2009 amounted to MEUR 251.6, following MEUR
388.7 in record year 2008, declining by 35.3 %. Earnings before
interest, taxes, depreciation and amortization (EBITDA) arrived at
MEUR 61.5, down 46.1 % from last year´s MEUR 114.2. Profit before tax
fell by 71.6 % to MEUR 23.5, following MEUR 82.5 in the year before.
Profit after tax stood at MEUR 15.3, decreasing by 74.0 % from MEUR
58.8 in 2008. In view of the overall recession, the EBIT margin of
11.2 % and EBITDA margin of 24.4 % generated in fiscal 2009 reflect a
remarkable business performance.

The Executive Board will propose to the forthcoming Annual General
Meeting a distribution of EUR 0.50 (following EUR 0.75) per share.
Based on the current stock price, this equals a dividend yield of
approximately 1.3 %.

Market development 2009

In 2009, in the wake of international recession, global energy
consumption declined for the first time since 1981. The resulting
excess supplies of crude oil in the world market prompted oil
companies to immediately cut their exploration and production
budgets.

The global rig count, a major indicator of activities in the oilfield
service industry, fell to its low of 1983 units in May 2009,
declining 44 % from its peak of 3557 rigs in 2008. This marked the
steepest decline since the 1980s.

Extensive package of measures implemented

SBO responded to the changed overall conditions and the resulting
drop in bookings by launching a comprehensive package of measures.
Cost-cutting measures were implemented, capital expenditures were
curtailed or postponed and services were sourced back in, partly
setting off declining orders. The declared aim of those immediately
taken measures was to save approximately MEUR 25 annually. It was
largely achieved during the year and was a decisive factor for SBO to
generate a clearly positive full-year result.

Aggregate bookings in 2009 arrived at MEUR 111.1 (following MEUR
367.3 in the year before), the order backlog at year-end was MEUR 76
(following MEUR 214 at the end of fiscal 2008).

Outlook for 2010

Global demand for oil is generally expected to slightly pick up again
in 2010. The extent of growth depends on the actual rate and
intensity of economic recovery, notably in the USA, and China´s
further economic momentum.

The current oil price level and modest increase in demand suggest
that exploration and production spending of oil companies will
further increase in 2010, provided that the global economic recovery
that has started to slowly set in will continue.

Schoeller-Bleckmann Oilfield Equipment expects to see a continuation
of business consolidation in the first months of 2010. From today´s
perspective, last year´s measures to reduce capacities were
sufficient. SBO could handle even an extended period of stagnating or
only slightly recovering bookings with its current structure. This
position is demonstrated by the sound balance sheet, low debt and
high liquidity of the company.

Being a financially sound company holding an excellent market
position, SBO also is exploring options for acquisitions. In any
event, SBO is perfectly equipped today to fully benefit from market
recovery as soon as it may set in. Due to the fundamental conditions
in the oil and gas market, this recovery is bound to occur, its
actual point in time depending on the dynamism and robustness of the
global upswing, and is therefore difficult to predict. In the medium
to long run, the ever more challenging exploration of new oil
reservoirs accompanied by declining production rates of existing oil
fields will inevitably lead to yet another continuous growth in
demand for high-precision components for the oilfield service
industry.

Key financial figures:
2009 2008
Sales MEUR 251.6 388.7
Earnings before interest,
taxes, depreciation and
amortization (EBITDA) MEUR 61.5 114.2
EBITDA margin % 24.4 29.4
EBIT MEUR 28.2 88.0
EBIT margin % 11.2 22.6
Profit before tax MEUR 23.5 82.5
Cash-flow from profit MEUR 49.9 89.1
Capital expenditure MEUR 32.6 45.8
Earnings per share EUR 0.96 3.69
Dividend per share EUR 0.50* 0.75
Headcount Number 1056 1394

* proposed

end of ad-hoc-announcement ==========================================
====================================== 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. SBO
employs a workforce of 1056 worldwide (31 December 2008: 1394),
thereof 314 in Ternitz/Austria and 447 in North America (including
Mexico).

SBO financial calendar 2010
28 April 2010 Annual General Meeting
12 May 2010 Ex-dividend day, dividend payment date
19 May 2010 Result 1st quarter 2010
18 August 2010 Result half-year 2010
17 November 2010 Result 3rd quarter 2010

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

Further inquiry note:

Gernot Bauer, Head of Investor Relations

Schoeller-Bleckmann Oilfield Equipment AG

A-2630 Ternitz, Hauptstraße 2

Tel: +43 2630/315 ext 250, fax ext 501

E-mail: g.bauer@sbo.co.at

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime, ATX
Börsen: Wien / official dealing