EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Schoeller-Bleckmann Oilfield Equipment AG publishes Q1/2011 figures: Highly satisfying sales and profit increase - Stable industry cycle despite

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3-month report

18.05.2011

Ternitz/Wien, 18 May 2011. The first quarter of 2011 was
characterised by stable business development for Schoeller-Bleckmann
Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna
Stock Exchange, as the company recorded strong sales and profit
growth over the first quarter of 2010, a period still marked by the
market slump in 2009. Sales grew by 81.8 % to MEUR 97.3 (following
MEUR 53.6 in the first quarter of 2010), reflecting the excellent
bookings situation in the previous periods.

"Despite the unrest in the Arab world, the industry cycle of the
international oilfield service industry saw consistently positive
development in the first quarter of 2011. This is why SBO's business
performance was excellent in all segments and global regions",
explains Gerald Grohmann, CEO of Schoeller- Bleckmann Oilfield
Equipment AG.

Earnings before interest and tax (EBIT) in the first quarter arrived
at MEUR 20.0 (following MEUR 4.9 in the first quarter of 2010), a
highly satisfying result due to strong capacity utilisation. The
operating margin stood at 20.5 %, an attractive level clearly above
last year's figure. Profit before tax of MEUR 17.3 quadrupled over
the result of MEUR 3.7 achieved in the first quarter of the previous
year. The PBT margin improvement to 17.7 % (following 6.9 % in the
first quarter of 2010) was mainly a result of the steeply rising
capacity utilisation compared to the first quarter of 2010. However,
the lower USD/EUR exchange rate year-on-year already made itself felt
in the first quarter of 2011.

Profit after tax in the first quarter of 2011 went to MEUR 11.6
(following MEUR 2.5 in the first quarter of 2010), representing
earnings per share of EUR 0.72 (following EUR 0.15).

Outlook

The global oilfield service industry was characterised by a generally
positive development in the first weeks of the second quarter.
Overall signs continue to point to mid- to long-term growth, marked
by rising offshore activities and increasing use of special
technologies to increase recovery factors of oil reservoirs whose
geologies make them more difficult to tap. Such projects will be the
driving force behind stronger demand for directional drilling
components, a tendency SBO should benefit from. However, it cannot
be ruled out that political unrest in North Africa and the Middle
East will slow down growth temporarily and that the growth momentum
described above may become noticeable in the market only with a
certain delay.

Comparison of key figures in MEUR

| |1-3/2011 |1-3/2010 |Change |
|Sales |97.3 |53.6 |+ 81.8 % |
|EBIT |20.0 |4.9 |+ 311.0 % |
|EBIT margin (%) |20.5 |9.1 | |
|Profit before tax |17.3 |3.7 |+ 367.8 % |
|Profit after tax |11.6 |2.5 |+ 372.0 % |
|EPS in EUR * |0.72 |0.15 |+ 366.0 % |
|Headcount ** |1317 |1098 |+ 19.9 % |

* based on average number of shares outstanding
** reporting date March 31

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. As at
31 March 2011, SBO has employed a workforce of 1317 worldwide (31
December 2010: 1275), thereof 383 in Ternitz/Austria and 587 in North
America (including Mexico).

end of announcement euro adhoc
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issuer: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
A-2630 Ternitz
phone: 02630/315110
FAX: 02630/315101
mail: sboe@sbo.co.at
WWW: http://info.sbo.at
sector: Oil & Gas - Upstream activities
ISIN: AT0000946652
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English

ots Originaltext: Schoeller-Bleckmann Oilfield Equipment AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

DI (FH) Gernot Bauer, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 DW 250, Fax: DW 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