SBO with strong cash generation and solid results despite challenging market conditions
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EQS-News: Schoeller-Bleckmann Oilfield Equipment AG
/ Key word(s): Preliminary Results
Preliminary results 2024: SBO with strong cash generation and solid results despite challenging market conditions Ternitz/Vienna, 22 January 2025. Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the leading ATX index of the Vienna Stock Exchange, today announced its preliminary results for the financial year 2024. Despite a challenging market environment, especially in the US, SBO's sales of MEUR 560 in 2024 were just slightly below the record level of the previous year (2023: MEUR 585.9). The Group's EBITDA amounted to MEUR 100 (2023: MEUR 131.3) and an EBITDA margin of 17.9%. EBIT of MEUR 69 (2023: MEUR 102.3) and an EBIT margin of 12.3% reflect the difficult market environment in the US and cautious investment behavior internationally, as well as one-off expenses in the Oilfield Equipment (OE) division in the first half of the year. Profit before tax amounted to MEUR 62 (2023: MEUR 94.2). SBO's balance sheet remains very strong. Cash and cash equivalents almost doubled to MEUR 315 in 2024 (2023: MEUR 162.4), and net debt decreased substantially from MEUR 92.3 to MEUR 56. Klaus Mader, CEO of SBO, says: "In the course of 2024, market activity developed slower than expected, especially in the U.S. We acted quickly and decisively with operational and organizational measures which led to a recovery in our OE division in the second half of the year and a further EBIT improvement in the fourth quarter. Our strong cash generation and the additional funds raised provide us with the necessary firepower for strategic investments.” Note: All figures for 2024 are provisional and rounded. The 2024 results will be presented at the annual results press conference on 20 March 2025. About SBO Contact:
22.01.2025 CET/CEST This Corporate News was distributed by EQS Group. www.eqs.com |
| Language: | English |
| Company: | Schoeller-Bleckmann Oilfield Equipment AG |
| Hauptstrasse 2 | |
| 2630 Ternitz | |
| Austria | |
| Phone: | +43 (0)2630/315110 |
| Fax: | +43 (0)2630/315101 |
| E-mail: | sboe@sbo.co.at |
| Internet: | http://www.sbo.at |
| ISIN: | AT0000946652 |
| Indices: | ATX |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 2072021 |
| End of News | EQS News Service |
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2072021 22.01.2025 CET/CEST
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