euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG / quarterly or semiannual financial statement / Schoeller-Bleckmann Oilfield Equipment AG: New half-year record sales and profit figures - Half-ye

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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24.08.2006

Ternitz, August 24, 2006. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the ATX prime market of the Vienna Stock Exchange,
posted new record sales and profit figures in the first half of 2006.
Sales revenues improved 45.3 % to MEUR 114.9 in the first six months
of 2006, following MEUR 79.1 in the same period of 2005. Profit
before tax doubled from MEUR 10.6 in the first six months of 2005 to
MEUR 21.4. The EBIT margin rose to around 19% in the first half of
2006 (following 14% in the first half of 2005).

"The boom in the oilfield service industry continues unabated, since
the demand for oil and gas remains at a high level. At SBO, we have
set the course for growth in good time and laid the foundations for
this dynamic upward tendency by permanently building up our
manufacturing capacities combined with an expansive human resources
policy", comments Gerald Grohmann, SBO’s Chief Executive Officer, on
the new record result. The strategic investment programme launched
last year at Schoeller-Bleckmann Oilfield Equipment AG, which is
scheduled to be completed by the end of 2007, is proceeding well.
"On the whole, we will invest over MEUR 50 in expanding our existing
sites alone. With this, we set the course for our group’s further
growth and secure the leading global position we hold in
high-precision components for the oilfield service industry", says Mr
Grohmann.

Record order backlog secures excellent business development in 2006

It is safe to assume that the international oil companies will pursue
their exploration activities just as massively as before, which makes
itself felt in the bookings and order backlog situation at SBO.
Bookings in the first half of 2006 amounted to MEUR 160.6, again 55%
up over the already excellent figure of MEUR 103.9 achieved in the
first six months of 2005, and were equally distributed over all
product groups. The order backlog in the first half of 2006 climbed
to a new record level of MEUR 179.1 (following MEUR 61.7 as per June
30, 2005 and MEUR 134.0 at the turn of the year 2005/06).

In order to work off this high order backlog, the headcount was
upsized by around 18% over the previous year and now is precisely
1,000 employees; also, increasing overtime was worked and additional
shifts were introduced.

SBO expects the favourable business development to continue over the
full year of 2006, provided that the cyclical demand for oil and gas
remains high and the dollar is not substantially weakened over the
euro.

Comparison of key figures in MEUR

1-6/2006 1-6/2005
Sales revenues 114.9 79.1
EBIT 22.2 11.4
EBIT margin (%) 19.3 14.4
Profit before tax 21.4 10.6
Net income 15.4 7.5
EPS* 0.96 0.52
Headcount ** 1,000 848

* Based on average shares outstanding
**Reporting date June 30

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 1,000
(December 31, 2005: 913), currently 252 at Ternitz, Lower Austria,
and 534 in North America (including Mexico).

end of announcement euro adhoc 24.08.2006 08:00:00
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ots Originaltext: Schoeller-Bleckmann Oilfield Equipment AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Gerald Grohmann, CEO,
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