EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Third quarter bookings again on the rise - Profitability at constantly high level - Expansion of Ternitz site on schedule

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Financial Figures/Balance Sheet/9-month report
21.11.2013

Ternitz/Vienna, 21 November 2013. The sound business development of
Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX
market of the Vienna Stock Exchange, continued throughout 2013. In
the third quarter SBO recorded the largest number of bookings
exceeding even quarterly sales revenues in this fiscal year.
Profitability remained at a constantly high level in the first nine
months.

Sales revenues in the first nine months of 2013 arrived at MEUR
348.5, which, as expected, was 9.9 % below the absolute record figure
of MEUR 386.7 generated in the first nine months of 2012. This
reflects the lower bookings volume recorded since the end of 2012,
which, in turn, was a consequence of the high inventories held by
SBO's customers. Earnings before interest and taxes (EBIT) after
impairment were MEUR 65.8 (down 26.9 % from MEUR 89.9 year-on-year).
This represented an EBIT margin of 18.9 %, following 23.3 %. EBIT
before impairment were MEUR 73.3, representing an EBIT margin of 21
%. Profit before tax dropped to MEUR 60.8 (following MEUR 83.0), and
the pre-tax margin arrived at 17.5 % (following 21.5 %). Profit after
tax decreased to MEUR 42.0, following MEUR 57.0, and nine-month
earnings per share to EUR 2.60 (following EUR 3.54 in the first three
quarters of 2012).

"In the third quarter of 2013 bookings totalled MEUR 129.0, which was
significantly above the figures of the preceding two quarters. This
boost in bookings was triggered by orders placed by SBO customers
already for the first half of 2014", says Gerald Grohmann, CEO of
Schoeller-Bleckmann Oilfield Equipment AG. The overall bookings
volume of the first nine months arrived at MEUR 330.8, which is below
last year's record of MEUR 386.7, but at a sound level similar to the
strong financial year 2011.

SBO's net debt of MEUR 19.5 at the end of September 2013 remained
largely unchanged from the end of June 2013. Owing to the very strong
cash-flow in the second quarter of 2013 the cash-flow from operating
activities in the first nine months of 2013 came to MEUR 87.9
(following MEUR 67.7 in the first nine months of 2012).

Regarding capital expenditure, construction works to build the new
machining centre for non-magnetic oilfield service drillstring
components at the Ternitz site are proceeding on schedule.

Outlook

Although forecasts on economic development are cautious, oil demand
is expected to rise both in the remaining weeks of 2013 and in 2014,
whereas supplies are tightening. This market situation supports
stable oil prices and should, mainly at the international level, lead
to higher spending for exploration and production and intense
drilling activity. In North America oil drilling activity is expected
to remain at a high level.

Therefore, the business environment for SBO in fiscal 2013 should
remain stable. Leading-edge technological expertise and market
acceptance are the foundation of SBO's future growth which is
supported by the company's low debt and high cash-flow.

Comparison of key financial figures

1-9/2013 1-9/2012 Change
Sales in MEUR 348.5 386.7 - 9.9 %
EBITDA in MEUR 100.8 119.2 - 15.4 %
EBITDA margin in % 28.9 30.8
EBIT * in MEUR 65.8 89.9 - 26.9 %
EBIT margin * in % 18.9 23.3
Profit before tax in MEUR 60.8 83.0 - 26.7 %
Profit after tax in MEUR 42.0 57.0 - 26.4 %
EPS ** in EUR 2.60 3.54 - 26.7 %
Headcount *** in numbers 1565 1598 - 2.1 %

* after impairment (made in Q2 2013)
** based on average number of shares outstanding
*** reporting date 30 September

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 1565 as at 30 September
2013 (31 December 2012: 1591), thereof 443 in Ternitz/Austria and 609
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