euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Financial Figures/Balance Sheet / Schoeller-Bleckmann Oilfield Equipment AG: Sustained positive business development in first half of 2008 - Oil

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6-month report

21.08.2008

ADHOC REPORT

Schoeller-Bleckmann Oilfield Equipment AG: Sustained positive
business development in first half of 2008 - Oil price supports
industry cycle - Long-term trend in demand unchanged - Favourable
outlook for business development in 2008

Ternitz, 21 August 2008. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the ATX market of the Vienna Stock Exchange,
continued the positive business development throughout the first half
of 2008. Group sales generated in the first half of 2008 amounted to
MEUR 185.5, up 23 % over the first half of 2007 (MEUR 150.8). The
substantial growth already reflects the start-up of the new
production facilities, mainly at the Ternitz site. Adjusted for the
US dollar exchange rate, sales would even have gone up by as much as
approximately 37 %.

The half-year EBIT went from MEUR 35.3 in the first half of 2007 to
MEUR 41.9, up 19 %. The EBIT margin was 22.6 % (following 23.4 % in
the first half of 2007). Profit before tax stood at MEUR 39.1,
increasing by 15 % year-on-year (first half of 2007: MEUR 33.9).
Compared with the same period of last year, profit after tax was
improved by 12 % to MEUR 27.5, and earnings per share rose by 13 % to
EUR 1.73 per share in the first half of 2008.

The market environment in the oilfield service industry continues to
be favourable. Recent fears of economic slowdown have not yet had any
negative repercussions on the industry. The surging oil price, slower
additions on the supply side and the constantly growing demand from
China and India have kept E&P spending at a high level, supporting
the growth of the oilfield service industry.

Continued organic growth Aggregate bookings received by
Schoeller-Bleckmann in the first half of 2008 amounted to MEUR 175.6,
following MEUR 162.4 in the same period of last year. The order
backlog as at 30 June 2008 of MEUR 211 was at the same level as in
the first quarter of 2008.

SBO´s organic growth was continued over the first half of 2008, with
investment efforts focusing on acquiring further production equipment
at the Ternitz site and additional capacity increases in North
America. Despite the persistently tense situation in the market for
skilled labour, SBO could cover growing manpower requirements and
increased the headcount as at 30 June 2008 to 1,276, following 1,249
at the end of the first quarter of 2008. It is planned to establish
the Service & Supply Shop in Russia even more firmly in the region by
acquiring the property leased until now.

Outlook - unchanged intact market environment Schoeller-Bleckmann
Oilfield Equipment AG expects business to develop favourably in the
second half of 2008, as all production capacities are fully booked.
Despite a slowdown of global economic development, the industry cycle
is not expected to lose momentum in the second half of 2008 either,
as demand for high-tech drilling components is supported by the
growing number of drilling projects conducted under increasingly
challenging conditions. Uncertainties influencing the bottom-line
still arise from the further development of the USD/EUR exchange
rate, changing customer dispositions, and the economic development
with its immediate effects on global oil consumption.

In the long term, we expect the growth trend in the oilfield service
industry to continue undiminished, as oil and gas will remain the
leading sources of energy in the next years and decades.

Comparison of key figures in MEUR

1-6/2008 1-6/2007 Change
Sales 185.5 150.8 23 %
EBIT 41.9 35.3 19 %
EBIT margin (%) 22.6 23.4
Profit before tax 39.1 33.9 15 %
Profit after tax 27.5 24.5 12 %
EPS in EUR * 1.73 1.53 13 %
Headcount ** 1,276 1,175 9 %

* based on average number of shares outstanding
** reporting date 30 June.

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 employs a workforce of 1,276 (31
March 2008: 1,249), thereof 391 in Ternitz/Austria and 632 in North
America (including Mexico).

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 501, 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, ATX
Börsen: Wiener Börse AG / official dealing