on Schoeller-Bleckmann Oilfield Equipment AG (isin : AT0000946652)
SBO Reports High Sales and Solid EBIT in Q1 2024 Amidst Competitive US Market
Schoeller-Bleckmann Oilfield Equipment AG (SBO) posted strong results for Q1 2024, maintaining high sales at MEUR 146.7 and an EBIT of MEUR 20.6. Despite challenges in the US market, SBO managed to keep its financial stability intact.
The Advanced Manufacturing & Services (AMS) division excelled, reporting sales of MEUR 81.9 and an EBIT margin of 21.7%. In contrast, the Oilfield Equipment (OE) division struggled due to a slow US market, impacting overall earnings.
Bookings saw a mild uptick of 1.7% quarter-over-quarter, reaching MEUR 118.6, and the addition of a Velo3D metal printer in Europe is set to boost SBO's manufacturing capacity.
SBO continues to expand in key growth markets, particularly in the Middle East and Asia, while navigating a more challenging US landscape.
R. H.Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Schoeller-Bleckmann Oilfield Equipment AG news