euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Financial Figures/Balance Sheet / Schoeller-Bleckmann Oilfield Equipment AG expects to post record business year 2008: At the moment no slowdown

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quaterly report

20.11.2008

Ternitz, 20 November 2008. Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the ATX market of the Vienna Stock Exchange,
continued the positive business development of the first half-year
throughout the third quarter of 2008. Group sales generated in the
first nine months of 2008 went from MEUR 233.6 to MEUR 281.3, up 20.4
% over the same period of 2007. The sales increase was due in
particular to the expansion of production capacities at the Ternitz
site and the continuous growth at SBO locations in America.

The nine-month EBIT rose by 16.8 % to MEUR 64.2 (last year: MEUR
55.0). The EBIT margin again climbed to an excellent value of 22.8 %
(first nine months of 2007: 23.5 %). Profit before tax stood at MEUR
60.3, increasing by 14.4 % year-on-year (first nine months of 2007:
MEUR 52.7). Compared with the same period of last year, profit after
tax was improved by 12.6 % to MEUR 42.4. Earnings per share rose to
EUR 2.66, up 12.9 % year-on-year.

Bookings also developed favourably in the third quarter of 2008,
standing at MEUR 109.8 against MEUR 103.9 in the previous year. The
aggregate volume of bookings in the past three quarters amounted to
MEUR 285.4, up 7.2 % over last year´s MEUR 266.3.

The positive order situation concerned mainly the business segments
of high-precision components and drilling motors.

The dynamic investment programme was continued throughout the third
quarter with capital expenditures in Ternitz, America and for the
drilling motor fleet.

Outlook The economic slowdown that emerged already in mid-2008 was
considerably accelerated by the international financial crisis
setting in from the third quarter onwards. Its effects on the real
economy, both in terms of intensity and duration of the crisis,
cannot be assessed properly at the moment. This is why no
substantiated forecast can presently be made on the development of
the market and demand situation.

"From today´s perspective, repercussions of the crisis on the
oilfield service industry should arise only in North America and some
overseas exploration areas. In any event, Schoeller-Bleckmann
Oilfield Equipment AG is perfectly prepared to meet all scenarios. We
are in a position to respond to changes in our environment with
utmost flexibility and, if necessary, adjust production capacities at
once", says CEO Grohmann.

Schoeller-Bleckmann Oilfield Equipment AG at any rate expects to post
a record business year 2008 because of the positive order situation.
The mid- and long-term prospects for the oilfield service industry
stay attractive under all scenarios, except for a global recession,
as oil and gas will remain the major sources of energy in the long
run. Even temporary cuts on drilling activities would bring about an
even stronger catch-up effect. Uncertainties continue to arise from
the USD/EUR currency exchange rate and short-term planning of
customers at the turn of the year and the general economic slowdown.

Comparison of key figures in MEUR

1-9/2008 1-9/2007 Change
Sales 281.3 233.6 20.4 %
EBIT 64.2 55.0 16.8 %
EBIT margin (%) 22.8 23.5
Profit before tax 60.3 52.7 14.4 %
Profit after tax 42.4 37.7 12.6 %
EPS in EUR * 2.66 2.35 12.9 %
Headcount ** 1.323 1.215 9 %

* based on average number of shares outstanding
** Reporting date 30 September

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 1.323 (30
June 2008: 1.276), thereof 405 in Ternitz/Austria and 650 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