SBO Reports Strong Cash Generation Amid Challenging Market

In its preliminary 2024 results, Schoeller-Bleckmann Oilfield Equipment AG (SBO) reported a resilient financial performance despite tough market conditions. The company's sales reached EUR 560 million, slightly below last year's record of EUR 585.9 million. The EBITDA stood at EUR 100 million, down from EUR 131.3 million, with an EBITDA margin of 17.9%. EBIT was EUR 69 million, reflecting a decrease due to market challenges in the U.S. and reserved investment patterns globally. Profit before tax was EUR 62 million.

SBO's financial health remains robust, with cash reserves nearly doubling to EUR 315 million and net debt falling significantly to EUR 56 million. CEO Klaus Mader highlighted the strategic steps taken to counteract slower market activities, emphasizing the strengthened cash position, providing leverage for future investments.

The detailed figures for 2024 will be revealed at the annual results press conference scheduled for March 20, 2025.