EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / All-time high in sales and profit figures in the first quarter of 2012

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quarterly report

23.05.2012

Ternitz/Vienna, 23 May 2012. Schoeller-Bleckmann Oilfield Equipment
AG (SBO), listed on the ATX segment of the Vienna Stock Exchange,
followed up on the successful business development in the preceding
quarters also in the first quarter of 2012. The growing momentum in
the oilfield service industry was reflected in all-time high
quarterly sales and profit figures.

Compared to the first quarter of 2011, sales improved by 23.9 %, from
MEUR 97.3 to MEUR 120.6. Earnings before interest and taxes (EBIT)
climbed to MEUR 28.1 (following MEUR 20.0 in the first quarter of
2011). Profit before tax grew by 49.3 %, from MEUR 17.3 to MEUR 25.8,
profit after tax from MEUR 11.6 to MEUR 17.8, or 54.1 %. The
quarterly earnings per share stood at EUR 1.11 (following EUR 0.72 in
the first quarter of 2011).

Bookings received in the first quarter worth MEUR 129.2 also clearly
exceeded last year's first quarter MEUR 94.6 (up 36.6 %). This
brought about an order backlog of MEUR 192.9 as at 31 March 2012 (up
9.3 % from MEUR 176.4 as at 31 December 2011), reflecting the general
confidence the oilfield service industry has in the development of
the next quarters.

"The sound order and sales development was reflected across all
segments of SBO. It led to very high capacity utilisation at all
sites, producing the very encouraging quarterly result due to
economies of scale", says Gerald Grohmann, CEO of Schoeller-Bleckmann
Oilfield Equipment AG, commenting on the successful business
development in the first quarter.

Outlook

At the end of the first quarter of 2012 the business activity within
the oilfield service industry remained robust and no signs of change
in these positive demand tendencies were observed. Constantly rising
demand for oil and gas and stable oil prices helped international oil
companies to continue their spending for exploration and production
projects as before. Worldwide capital spending for exploration and
production are expected to grow from 2011 to 2012 to a new record
high of USD 614 bn, reflecting growth of 10.5 %. Moreover, on the
supply-side current OPEC spare capacities of 2.4 million barrels per
day are still at a low level.

Provided that the global economy develops at a stable pace, the
industry cycle in the oilfield service industry is expected to remain
strong. The ongoing shift from gas to oil drilling in North America,
gradually rising drilling activity in the Gulf of Mexico and higher
numbers of international deepwater projects should be reflected
positively in demand for SBO products. Nevertheless, potential
uncertainties resulting from geopolitical events or the sustained
volatility of the USD/EUR exchange rate must be taken into account.

SBO has an excellent order backlog to enter the second quarter of
2012. With its position as the global market leader in high-precision
components and high-performance drilling motors for the oilfield
service industry in addition to a sustainable growth strategy SBO
makes sure to fully benefit from the positive industry development.

Comparison of key financial figures

1-3/2012 1-3/2011 Change
Sales in MEUR 120.6 97.3 + 23.9 %
EBIT in MEUR 28.1 20.0 + 40.9 %
EBIT margin in % 23.3 20.5 -
Profit before tax in MEUR 25.8 17.3 + 49.3 %
Profit after tax in MEUR 17.8 11.6 + 54.1 %
EPS * in EUR 1.11 0.72 + 54.7 %
Headcount ** Number 1506 1317 + 14.4 %

* 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.
Worldwide, SBO has employed a workforce of 1506 (31 December 2011:
1459) as at 31 March 2012, thereof 428 in Ternitz/Austria and 643 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
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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://www.sbo.at
sector: Oil & Gas - Upstream activities
ISIN: AT0000946652
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English