EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Schoeller-Bleckmann Oilfield Equipment AG publishes Q3 results

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9-month report

19.11.2009

Unchanged market environment - Bookings situation starting to
stabilize - Order backlog of MEUR 103.3 as basis for next months

Ternitz, 19 November 2009. Business development of
Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX
market of the Vienna Stock Exchange, was characterized in the first
nine months of 2009 by declining demand for oil as a consequence of
global recession. For this reason, exploration and production
activities of oil companies continued to be low, resulting in
sustained weak demand for equipment for the oilfield service
industry.

Consequently, group sales of SBO in the first nine months amounted to
MEUR 188.7 (following MEUR 281.3 in the first nine months of last
year), declining by approximately 33 %. EBIT of MEUR 23.6 in the
first nine months was clearly positive, but was considerably below
the record year figure of MEUR 64.2 achieved last year. The EBIT
margin of the first nine months arrived at 12.5 % (following 22.8 %
year-on-year). Profit before tax fell by 67.8 % to MEUR 19.4
(following MEUR 60.3). Profit after tax in the first three quarters
stood at MEUR 13.6 (following MEUR 42.4), down 68.0 % over the same
period of last year. This brought earnings per share in the first
nine months to EUR 0.85 (following EUR 2.66), decreasing by 67.9 %.

The weak market development kept bookings at a relatively modest
level also in the third quarter of 2009. Accumulated bookings of the
first nine months of 2009 arrived at MEUR 74.5. However, following
the strong decline in orders in the first half of the year, the
situation started to stabilize in the third quarter of 2009. In
contrast to early this year, customers no longer cancelled orders. In
the past weeks, SBO received an increasing number of delivery
inquiries and requests for quotations, which, however, have not
turned into bookings yet. The order backlog as at 30 September 2009
was MEUR 103.3 (following MEUR 224.7 year-on-year) and is the
backbone of sufficient basic capacity utilisation of SBO´s
manufacturing plants in the months ahead.

"First signs of economic recovery, notably in the emerging markets,
have not yet changed the weak market development in the oilfield
service industry. This will come about only when the demand for oil
rises considerably", comments Gerald Grohmann, CEO of
Schoeller-Bleckmann Oilfield Equipment AG, on the current market
situation. However, customers now are spending more money on
developing prototypes. Due to its strong technological expertise, SBO
was assigned by one of the leading oilfield service companies to
manufacture prototypes of a new, highly complex directional drilling
tool.

Outlook

In the short run, no change of the current overall conditions can be
expected for the international oilfield service industry, even though
first signs of drilling activities stabilizing at a low level have
been noticed.

In the next months, SBO will respond to the unfavourable market
environment by constantly implementing cost-cutting measures and, if
required, further capacity adjustments. Business and energy
consumption forecasts recently revised upwards and oil prices of
around USD 70 a barrel indicate intensifying exploration and
production activities over the current level. The fundamental
prerequisites for the business of SBO to pick up again remain intact:
The currently insufficient number of exploration wells, declining
production rates of existing oil fields and development of new
deposits requiring more and more complex technologies will trigger
increased demand for high-precision components for the oilfield
service industry, as soon as customers´ inventories have been used
up. With SBO´s low net debt and presently high equity ratio of 52 %,
excellent liquidity and uncontested market position, the company is
well equipped to meet all scenarios.

Comparison of key figures in MEUR

1-9/2009 1-9/2008 Change
Sales 188.7 281.3 -32.9 %
EBIT 23.6 64.2 -63.3 %
EBIT margin (%) 12.5 22.8 -
Profit before tax 19.4 60.3 -67.8 %
Profit after tax 13.6 42.4 -68.0 %
EPS in EUR * 0.85 2.66 -67.9 %
Headcount** 1,063 1,323 -19.7 %

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

end of ad-hoc-announcement ==========================================
====================================== 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 1,063, thereof 319 in
Ternitz/Austria and 454 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 DW 250, Fax: DW 501

E-Mail: g.bauer@sbo.co.at

Mick Stempel, Q-COM Financials

Tel: +43 1/504 69 87 DW 385

E-Mail: m.stempel@qcom.at

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