euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Financial Figures/Balance Sheet / Schoeller-Bleckmann Oilfield Equipment AG: Another absolute record business year - proposed dividend EUR 1.10

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12.03.2008

Schoeller-Bleckmann Oilfield Equipment AG: Another absolute record
business year - proposed dividend EUR 1.10 following EUR 0.80 per
share - favourable company development expected in 2008

Ternitz/Vienna, 12 March 2008. Schoeller-Bleckmann Oilfield Equipment
AG (SBO), listed on the ATX market of the Vienna Stock Exchange, has
specified at the annual results press conference the preliminary
figures for fiscal 2007 announced in January. Groups sales of MEUR
317.4 surpassed last year´s level of MEUR 239.5 by 33 %. Profit
before tax went up 55 % from MEUR 46.8 (2006) to MEUR 72.5 at the end
of fiscal 2007. Net income arrived at MEUR 50.0, increasing by 45 %
year-on-year (MEUR 34.4). Due to the excellent result, SBO will
propose to the Annual Shareholders´ Meeting in April 2008 to increase
the distribution to EUR 1.10 per share, following EUR 0.80 per share
last year. The favourable company development is expected to continue
throughout 2008.

Implementation of the strategic investment programme launched around
three years ago was continued speedily in 2007. The major milestones
in the process were the commissioning of the new rotary forging
machine at the Ternitz site and massive additions to the production
equipment in North America and Austria. The first highlight of the
investment programme will be the start-up of the new production plant
in Ternitz still before the end of the first quarter of 2008. Over
the past three years, an aggregate investment programme of MEUR 118.0
was implemented. Taking into account the capital investment for
already approved projects this sum totals no less than MEUR 150.0.

Market development 2007 As a result of the vivid demand for energy in
recent years and the declining production rates of existing oil
fields, capital expenditures to develop new reservoirs and to improve
the recovery rate of existing oil fields started were increased
massively. Consequently, the dynamic business cycle in the oilfield
service industry remained in full swing in 2007. The "rig count"
(number of active drilling rigs), an indicator of worldwide drilling
activities, went from 3,043 to an average of 3,116 units in 2007.

Schoeller-Bleckmann used the upturn in the oilfield service industry
in 2007 to the full extent. The company benefits both from higher
demand and the growing complexity of production technologies, further
intensifying demand for SBO´s high-tech components. Amounting to MEUR
341 in fiscal 2007, bookings remained at almost the same level as in
2006, when they had stood at MEUR 349. They concerned all segments
and regions alike. At the reporting date, the order backlog had
arrived at MEUR 249, following MEUR 241 in the year before.

Another absolute record year Schoeller-Bleckmann managed the large
number of bookings in 2007 by ensuring efficient utilisation of the
production facilities and deployment of human resources. These
efforts included further productivity increases, extension of working
hours with additional shifts and overtime and recruitment of new
staff.

On the cost side - a consequence of the industry cycle - it was
mainly the increase in wages in North America that had to be
absorbed. However, both these additional expenses and the rising
costs of stainless steel could be accommodated in prices. Physical
supplies of raw materials were secured by delivery contracts with
steel mills and dealers.

Both product segments, high-precision components and oilfield
supplies and services, reported significant sales increases in fiscal
2007. The segment of high-precision components achieved an increase
of 27 %, while sales in oilfield supplies and services grew by
approximately 44 %. Gross profit amounted to MEUR 98.9 (following
MEUR 72.3, up 37 %). The gross margin was again improved, from 30.2 %
in the year before to 31.2 %. The EBIT margin stood at 24.0 %, after
20.1 % in 2006. This favourable development resulted both from price
increases and economy of scale from the full utilisation of
capacities.

Cash-flow from the profit was substantially improved from MEUR 47.1
in 2006 to MEUR 67.9. Expenditures for property, plant and equipment
in 2007 were MEUR 66.0 (2006: MEUR 28.8), of which MEUR 37.8 were
used for the business segment of high-precision components (2006:
MEUR 13.4), mainly for acquiring real estate for the US production
companies, the new production facilities in Ternitz/Austria and for
buying precision production equipment. Expenditures for the business
segment of oilfield supplies and services amounted to MEUR 25.9
(2006: MEUR 15.2) and were used primarily for the acquisition of the
rotary drilling machine and deep-hole drilling machines in Ternitz as
well as additions to the drilling motor rental fleet.

SBO share - ATX top performing share in 2007 As before, the share of
Schoeller-Bleckmann continued its stock market track record and even
surpassed itself as the best-performing ATX member in 2007. The share
reached its all-time annual closing high of EUR 75.00 in October
2007, while the all-time intraday high of EUR 75.49 went even
slightly further. Achieving a stock performance of 77 %, the SBO
share ended the 2007 stock market year at EUR 61.57 (closing price
2006: EUR 34.76) on 28 December 2007. The value increase since the
share was listed on the Vienna Stock Exchange in March 2003 is 578 %
(first listed price on 27 March 2003: EUR 9.08).

The Executive Board will propose to the Annual Shareholders´ Meeting
to be held on 16 April 2008 to increase the dividend from EUR 0.80 in
the year before to EUR 1.10 (base dividend EUR 0.50 plus a bonus of
EUR 0.60). This marks a record distribution for 2007 of MEUR 17.6 (up
38 % from MEUR 12.8 in 2006).

Outlook for 2008 Provided that the dynamic economic development of
the emerging markets continues and the global economy is not weakened
substantially, it is safe to assume that the current upward cycle in
the oilfield service industry will be sustained. Due to the high oil
price level development of new oil reserves under difficult and
costly production conditions will become more attractive.

SBO started into the new fiscal year with a record order backlog of
MEUR 249 at the end of 2007. In 2008, SBO will continue the course of
growth oriented along the current cycle of the oilfield service
industry by commissioning the new plant at the Ternitz site and by
pursuing the company´s investment policy at the other locations.

Apart from corporate growth and the development of the market
environment, the EUR/USD exchange rate will have a major impact on
bottom-line results. One of the key challenges for SBO in fiscal 2008
will be optimal human resources management to sustain the course of
growth.

On the whole, Schoeller-Bleckmann expects to see continuation of the
favourable development of the company in 2008.

Key financial figures:
2007 2006
Sales MEUR 317.4 239.5
EBIT MEUR 76.1 48.2
EBIT margin % 24.0 20.1
Profit before tax MEUR 72.5 46.8
Net income MEUR 50.0 34.4
Cash-flow from the profit MEUR 67.9 47.1
Capital expenditure MEUR 66.0 28.8
Earnings per share EUR 3.13 2.15
Dividend per share EUR 1.10* 0.80
Headcount Number 1,222 1,086

* suggested

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. SBO employs
a workforce of 1,222 worldwide (31 December 2006: 1,086), 375 in Ternitz/Austria
and 603 in North America (including Mexico).

Financial calendar 2008
16 April 2008 Annual Shareholders´ Meeting
30 April 2008 Ex-dividend date, dividend payment date
20 Mai 2008 Result 1st quarter 2008
21 August 2008 Result 2nd quarter 2008
20 November 2008 Result 3rd quarter 2008

end of announcement euro adhoc
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ots Originaltext: Schoeller-Bleckmann Oilfield Equipment AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Gernot Bauer, Head of Investor Relations,

Schoeller-Bleckmann Oilfield Equipment AG, A-2630 Ternitz, Hauptstraße 2,

Tel: +43 2630/315 ext 250, fax: ext 101, E-mail: g.bauer@sbo.co.at

Mick Stempel, Hochegger|Financials, Tel: +43 1/504 69 87 ext 85,

E-mail: m.stempel@hochegger.com

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official dealing