EANS-News: Schoeller-Bleckmann Oilfield Equipment AG / Quarterly result at previous year's level - Bookings pointing upwards - Continued strong profitability

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quarterly report/3-month report

Ternitz/Vienna, 21 May 2014. Schoeller-Bleckmann Oilfield Equipment
AG (SBO), listed on the ATX market of the Vienna Stock Exchange,
looks back on sound business development in the first quarter of
2014. With bookings clearly rising, SBO has generated results
arriving at the level of the first quarter of the previous year.

Sales revenues of MEUR 112.4 posted in the first quarter of 2014 were
down slightly, by 2.9 %, from the reading of the first quarter of
2013 (MEUR 115.8). This was still due to the weaker bookings
situation of last year reflected in the sales figures of the first
weeks of 2014. The gross margin climbed to 32.0 % (following 29.3 %).
EBITDA totalled MEUR 31.8 (following MEUR 32.8). Earnings before
interest and taxes (EBIT) of MEUR 21.9 in the first quarter
(following MEUR 23.2) also arrived at the level of the first quarter
of 2013, and the EBIT margin was 19.5 % (following 20.0 %). Profit
before tax of MEUR 20.0 (following MEUR 20.5) was similar to last
year as was profit after tax standing at MEUR 14.5 (following MEUR
14.2), representing quarterly earnings per share of EUR 0.91
(following EUR 0.88 in the first quarter of 2013).

In the first quarter of 2014 bookings increased 22 % year-on-year to
MEUR 114.0 (following MEUR 93.3 in the first quarter of 2013). It was
mainly the segment of high-precision components, which had been hit
by a decline in demand in fiscal 2013, where numbers of bookings rose
substantially. In the first quarter of 2014, the product group of
downhole tools, oilfield supplies and service also developed
positively both in terms of sales and profit. "We made a sound start
into the year 2014. Bookings have gone up considerably and our
improved product mix has increased the gross margin," says Gerald
Grohmann, CEO of SBO, commenting on business development.

Capital expenditure in tangible fixed assets in the first quarter of
2014 amounted to MEUR 11.5 (following MEUR 9.1 in the first quarter
of 2013) and was spent mainly for maintenance activities at all
sites.

Outlook

Fundamental data of global economic recovery and, with it, further
continuous rise of oil and gas consumption remain intact, despite
decelerating economic growth in the emerging markets. This is why the
International Energy Agency (IEA) expects global oil consumption to
increase by 1.3 million barrels per day, or 1.4 %, to a total of 92.7
million barrels per day in 2014.

For the months ahead, this means continuation of a stable environment
for the oilfield service industry, supported by a well-balanced
supply and demand situation for oil, strong drilling activity in
North America and robust oil prices. With its ongoing capex
programme, SBO is prepared to fully meet future customer
requirements.

Comparison of key financial figures

1-3/2014 1-3/2013 Change
Sales in MEUR 112.4 115.8 - 2.9 %
EBITDA in MEUR 31.8 32.8 - 2.9 %
EBITDA margin in % 28.3 28.3 -
EBIT in MEUR 21.9 23.2 - 5.7 %
EBIT margin in % 19.5 20.0 -
Profit before tax in MEUR 20.0 20.5 - 2.4 %
Profit after tax in MEUR 14.5 14.2 + 1.7 %
EPS * in EUR 0.91 0.88 + 3.5 %
Headcount ** in numbers 1625 1569 + 3.6 %

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

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 employed a workforce of 1625 as
at 31 March 2014 (31 December 2013: 1574), thereof 436 in
Ternitz/Austria and 635 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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company: 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