EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Schoeller-Bleckmann Oilfield Equipment AG announces results of the first three quarters of 2010: Clear increase of all key financial figures - S

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9-month report

17.11.2010

Ternitz/Vienna, 17 November 2010. Schoeller-Bleckmann Oilfield
Equipment AG (SBO), listed on the ATX market of the Vienna Stock
Exchange, clearly improved all relevant financial figures compared to
the first nine months of the previous year against the background of
a friendly business environment. Compared to the same period a year
before, aggregate sales in the first three quarters of 2010 rose by
14.0 % to MEUR 215.2. Bookings in the first nine months of 2010
significantly increased by 249 % to MEUR 260.2, following MEUR 74.5
in the previous year.

"Due to the sustained positive development of the market environment
in the oilfield service industry SBO has posted constantly rising
sales and profit figures over the year. The third quarter of 2010
ended as the best quarter since the slump of the industry in 2009",
comments Gerald Grohmann, CEO of Schoeller-Bleckmann Oilfield
Equipment AG, on the favourable business development.

Increasing sales figures allowed for improved fixed cost coverage
and, with it, substantial profit improvement. Earnings before
interest and tax (EBIT) generated in the first nine months of 2010
stood at MEUR 30.3, substantially outperforming the same period of
the year before (MEUR 23.6). The EBIT margin of the first nine months
of 2010 was 14.1 % (following 12.5 % in the first nine months of
2009). Profit before tax in the first nine months of 2010 also
improved significantly by 33.6 % from MEUR 19.4 to MEUR 25.9. As a
result, profit after tax in the first nine months of 2010 climbed to
MEUR 17.4 (following MEUR 13.6) and the nine-month earnings per share
improved by 28.1 % to EUR 1.09 (following EUR 0.85).

A comparison of the second quarter of 2010 with the third quarter of
2010 provides more evidence of the obvious upturn: Sales improved by
18.4 % from MEUR 74.0 to MEUR 87.6, earnings before interest and tax
(EBIT) by 72.6 % from MEUR 9.3 to MEUR 16.1. The quarterly profit
before tax almost doubled from MEUR 7.9 to MEUR 14.4. Bookings also
improved by 14.2 % from MEUR 82.3 to MEUR 94.0.

"At the end of the day, the incident in the Gulf of Mexico, the
Macondo oil spill, had no major effect on SBO. As expected, the
decline in drilling activities there resulted in compensatory
exploration drilling in other regions and onshore, particularly in
the USA", explains Gerald Grohmann.

The considerably improved order situation required personnel upsizing
by 138 to now 1,194 employees since the beginning of 2010. In part,
SBO could re-hire skilled workers who had to be dismissed during the
industry's crisis in 2009.

SBO's equity capital went from MEUR 229.8 at year-end 2009 to MEUR
252.1 as of 30 September 2010. Net debt was reduced to MEUR 10.5
(following MEUR 46.5 at the end of 2009). Before the acquisition of
DSI (1 October 2010) the gearing ratio was 4.2 % as of end of
September.

With the acquisition of DSI (Dubai), the launch of the new production
site in Vietnam and the distribution centre in Brazil, SBO started to
operate three new sites and extended its global presence within
approximately two years. Additionally, SBO's subsidiary Knust has
started to establish a new production site in Singapore. This new
location is to cover the growing market for SBO- Knust products in
the Far East (chassis/internals). Delivery of the first machinery for
this greenfield project is scheduled for the first half of 2011.

Outlook

The positive environment observed in the past months in the oilfield
service industry should continue in the months ahead if global
economic development remains stable. Additionally, the robust oil
price is a sound pillar for the industry's progress.

Due to the sustained favourable market development SBO expects to end
fiscal 2010 with substantially better results than last year.

Comparison of key figures in MEUR

| |1-9/2010 |1-9/2009 |Change |
|Sales |215.2 |188.7 | +14.0 % |
|EBIT |30.3 |23.6 | +28.5 % |
|EBIT margin (%) |14.1 |12.5 | |
|Profit before tax |25.9 |19.4 | +33.6 % |
|Profit after tax |17.4 |13.6 | +28.5 % |
|EPS in EUR * |1.09 |0.85 | +28.1 % |
|Headcount ** |1194 |1063 | +12.3 % |

* based on average number of shares outstanding
** reporting date September 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. As of 30 September 2010, SBO has employed a
global workforce of 1194 (31 December 2009: 1056), thereof 371 in
Ternitz/Austria and 517 in North America (including Mexico).

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 market