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Schoeller Bleckmann Oilfield Equipment AG (SBOE.VI)

SBOE.VI on Vienna Stock Exchange

62.50EUR
21 Jul 2017
Change (% chg)

€-1.22 (-1.91%)
Prev Close
€63.72
Open
€63.72
Day's High
€63.92
Day's Low
€62.35
Volume
16,053
Avg. Vol
29,700
52-wk High
€79.20
52-wk Low
€50.00

Latest Key Developments (Source: Significant Developments)

SBO bookings rise 72 pct in Q1 to 70 mln eur, backlog stable
Wednesday, 24 May 2017 02:00am EDT 

May 24 (Reuters) - Schoeller Bleckmann Oilfield Equipment Ag :Sales generated by SBO in Q1 of 2017 arrived at meur 60.1. Compared to same quarter of 2016, this represents an increase of 28.5 % (1-3/2016: meur 46.8).Order backlog totalled meur 30.5, following meur 28.3 as at 31 march 2016.Bookings rose by 72.0 %, to meur 69.9, following meur 40.6 in Q1 of 2016.Q1 EBIT posted a clear increase, from meur minus 16.9 in Q1 of 2016 to meur minus 5.8 in Q1 of 2017.Order backlog totalled meur 30.5, following meur 28.3 as at 31 march 2016..Q1 profit after tax meur minus 4.9 (1-3/2016: meur minus 15.0).Operating result (EBIT) posted a clear increase, from meur minus 16.9 in q1 of 2016 to meur minus 5.8 in q1 of 2017.Sbo again generated a positive operating cashflow of meur 2.1 (1-3/2016: meur 6.3) in q1 of 2017. Cash position was meur 188.8 (31 march 2016: meur 224.9).  Full Article

Schoeller-Bleckmann 2016 pre-tax loss more than doubled
Tuesday, 17 Jan 2017 02:15am EST 

Schoeller Bleckmann Oilfield Equipment AG posted preliminary 2016 results: 2016 bookings fell by 17.0 %, to an expected MEUR 169 (2015: MEUR 203.6). . 2016 sales contracted by 41.7 %, to MEUR 183 (2015: 313.7) . 2016 profit before tax arrived at MEUR minus 47 (2015: MEUR minus 20.0) . liquid funds as at 31 December 2016 – following the acquisition of Downhole Technology – came to MEUR 193 (31 december 2015: MEUR 196.3) Further company coverage: [SBOE.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 53112 255;)).  Full Article

Schoeller Bleckmann Oilfield Equipment terminates share buyback program
Friday, 7 Oct 2016 06:33am EDT 

Schoeller Bleckmann Oilfield Equipment AG :Decided for a preliminary termination of share buyback program, published first on 27 April 2016 and commenced on 3 May 2016, with immediate effect.  Full Article

Schoeller-Bleckmann CEO expects bookings to remain weak through 2016
Wednesday, 24 Aug 2016 03:16am EDT 

: Schoeller-Bleckmann CEO says cannot rule out full-year net loss . Schoeller-Bleckmann CEO says smaller than expected q2 net loss mainly due to positive special effect related to new arrangement with other resource shareholders . Schoeller-Bleckmann CEO says will not make any big acquisitions with its 140 million eur liquidity as wants to keep cash buffer in crisis . Schoeller-Bleckmann CEO says q3 bookings continue to be weak, expects trend to continue throughout 2016 . Schoeller-Bleckmann CEO q2 bookings stood at 34.2 million eur versus Reuters poll average 36.0 million eur Further company coverage: [SBOE.VI] ((Shadia.Nasralla@thomsonreuters.com;)).  Full Article

Schoeller-Bleckmann CEO says Q2 bookings continue to be weak
Wednesday, 25 May 2016 02:30am EDT 

Schoeller-Bleckmann CEO tells Reuters: CEO says Q2 bookings continue to be weak, expects them to remain on same scale as Q1 . CEO says cost cuts, incl. job cuts, to continue, but want to remain ready for upswing . CEO says no danger SBO might not survive downturn due to liquid cash reserves . CEO says continue to be on lookout for acquisitions . CEO says expects upswing in oil industry, demand to start in North America Further company coverage: (Reporting By Shadia Nasralla and Alexandra Schwarz-Goerlich) ((Shadia.Nasralla@thomsonreuters.com;)).  Full Article

Schoeller Bleckmann Oilfield Equipment to buy back up to 10 pct of its shares
Wednesday, 27 Apr 2016 12:40pm EDT 

Schoeller Bleckmann Oilfield Equipment AG:Says AGM has authorized executive board to buy back own shares within a period of 30 months up to a maximum of 10 pct of issued share capital of company.Executive board has decided to conduct a share buyback program.Up to 1,600,000 non-par value bearer shares - which corresponds up to 10 pct of company's share capital - can be bought back.Price per par-value share will be at least eur 1.- and eur 300.- at most.Program runs from 03 May 2016 to 24 October 2018.  Full Article

Schoeller Bleckmann Oilfield Equipment to propose dividend of 0.50 euro per share​
Thursday, 17 Mar 2016 03:00am EDT 

Schoeller Bleckmann Oilfield Equipment AG:Dividend proposal 0.50 euro per share​.  Full Article

Schoeller Bleckmann Oilfield Equipment acquires US company "Downhole Technology LLC" (Downhole Technology)
Monday, 4 Jan 2016 12:56pm EST 

Schoeller Bleckmann Oilfield Equipment AG:Acquires US company "Downhole Technology LLC" (Downhole Technology).Purchase price for 68 pct share is MUSD 103 (rounded).The remaining 32 pct are held by company founder and key managers.  Full Article