EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Schoeller-Bleckmann Oilfield Equipment AG publishes results of first three quarters of 2011: Very promising business development continues despi

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

quarterly report

16.11.2011

Ternitz/Vienna, 16 November 2011. Schoeller-Bleckmann Oilfield
Equipment AG (SBO), listed on the ATX market of the Vienna Stock
Exchange, seamlessly continued its promising business development in
the previous quarters throughout the third quarter of 2011. Sales
generated in the first nine months of 2011 climbed from last year's
MEUR 215.2 to MEUR 293.9, or by 36.6 %. Earnings before interest and
taxes (EBIT) in the first nine months came to MEUR 62.4 (following
MEUR 30.3), increasing by 105.7 % and representing an EBIT margin of
21.2 % (following 14.1 % in the first nine months of 2010). The
nine-month profit before tax figures also improved significantly to
MEUR 54.2 (following MEUR 25.9), bringing the PBT margin to an
excellent 18.4 % (following 12.1 %). As a result, the nine-month
earnings per share also climbed to EUR 2.31 (following EUR 1.09).

"The oilfield service industry has remained unaffected by the
slowdown of global economic momentum. We see strong demand for
high-precision components and downhole tools", says Gerald Grohmann,
CEO of Schoeller-Bleckmann Oilfield Equipment AG. The upturn in
demand involved very strong bookings in the first nine months of MEUR
338.5 versus MEUR 260.2 in the first nine months of 2010. The order
backlog as at 30 September 2011 stood at MEUR 167.4, significantly up
from MEUR 123.6 year-on-year.

Net debt arrived at MEUR 55.3 in the third quarter of 2011 (following
MEUR 68.1 in the second quarter of 2011). With its gearing ratio of
19.4 % SBO is well prepared for all eventualities.

Outlook

The economic cooldown in the OECD countries is offset by continued
strong demand for oil and gas in the emerging markets. At the same
time, OPEC spare capacities of now roughly 3 million barrels per day
are substantially down from 2009 and 2010 when they had stood at
approximately 5-6 million barrels per day.(1) This fact, together
with the lower additional oil supply for 2011 and 2012, has
stabilised the oil price at a high level. The currently robust oil
price (USD 115.61 per barrel of Brent crude on 8 November 2011), in
turn, is driving the major oil companies' readiness to spend capital
for exploration and production projects considered indispensable from
a medium to long-term perspective.

Schoeller-Bleckmann Oilfield Equipment AG starts into the fourth
quarter of 2011 with a sound order backlog. Construction and
expansion of production facilities in Asia - Knust-SBO Far East in
Singapore and Schoeller-Bleckmann Oilfield Equipment Vietnam - are
running as planned. As uncertainty about global economic development
persists, SBO remains prepared to face all scenarios in the months
ahead, demonstrating - as before - its ability to respond with great
flexibility to any short-term market changes, if required. At the
moment, however, SBO does not see any weakening of demand.

Comparison of key figures in MEUR

1-9/2011 1-9/2010 Change
Sales 293.9 215.2 + 36.6 %
EBIT 62.4 30.3 + 105.7 %
EBIT margin (%) 21.2 14.1 -
Profit before tax 54.2 25.9 + 108.8 %
Profit after tax 37.3 17.4 + 113.7 %
EPS in EUR * 2.31 1.09 + 111.3 %
Headcount ** 1418 1194 + 18.8 %

* based on average number of shares outstanding
** reporting date September 30.

Footnote (1) IEA: Oil Market Report, October 2009, October 2010,
November 2011

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.
Worldwide, SBO has employed a workforce of 1418 as at 30 September
2011 (31 December 2010: 1275), thereof 407 in Ternitz/Austria and 623
in North America (including Mexico).

Further inquiry note:
MMag Florian Schütz, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz/Austria, Hauptstrasse 2
Tel.: +43 2630 315-251
Fax: +43 2630 315-501
E-Mail: f.schuetz@sbo.co.at

end of announcement euro adhoc
--------------------------------------------------------------------------------

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