Schoeller-Bleckmann Oilfield Equipment AG Reports Steady 2024 Financial Results

Schoeller-Bleckmann Oilfield Equipment AG (SBO) demonstrated a solid financial performance amid challenging market conditions in 2024. The company reported sales of MEUR 560.4, a slight decline from 2023. This was supported by strategic market growth in the Middle East and Latin America. EBITDA stood at MEUR 101.9 with an 18.2% margin, while EBIT reached MEUR 70.1, reflecting a 12.5% margin.

Despite the market downturns, the company's operating cash flow rose to MEUR 98.4, and free cash flow doubled to MEUR 66.8. SBO's Oilfield Equipment division registered a 7.0% sales increase, aided by growth in focused regions. The AMS division witnessed a 13.2% decrease in sales due to reduced customer demand.

To address the dynamics, SBO recalibrated its strategy focusing on diversification, market expansion, and operational excellence. A proposed dividend of EUR 1.75 per share underscores SBO's continued commitment to shareholders.