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Second-quarter earnings before interest and tax swung to a profit of 2.2 million euros ($2.6 million) from an operating loss of about 6 million euros in the previous quarter, beating the average estimate of 1.15 million euros in a Reuters poll of analysts.
The company, which builds highly specialised oilfield exploration equipment including odd-angle drilling and fracking gear for a range of energy companies, also proposed a dividend hike to 1.20 euros from 1.0 euro.
SBO said its sales surged 40 percent in the quarter to 105.9 million euros ($121 million), benefiting in particular from strong demand for its drilling motors, circulation tools and repair and maintenance services in North America.
VIENNA, Aug 22 (Reuters) — Austrian oilfield equipment producer Schoeller-Bleckmann (SBO) on Thursday reported a 4.3% fall in second-quarter operating profit, reflecting weaker demand from North American exploration and production companies.
VIENNA, May 20 (Reuters) — Austrian oilfield equipment producer Schoeller-Bleckmann (SBO) said on Wednesday its operating profit fell 40% in the first quarter as the coronavirus sent shockwaves through the energy sector and slowed global production significantly.
However, SBO’s international business helped to offset the downward trend due to the high investment discipline on the North American market, the company said as it confirmed its preliminary full-year results.
in particular, where exploration and production spending is expected to drop by around 10%,» SBO said. «The high budget discipline of the exploration and production companies is reflected in the United States …
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Of the users, 63 had accounts on breached domains that publicly shared a breach during the collection period. Further, just 15 of those users did so within three months of the announcement.
Of those 63 users, 21 went to the breached sites to change their password.
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VIENNA, May 20 (Reuters) — Austrian oilfield equipment producer Schoeller-Bleckmann (SBO) reported a 40% fall in first-quarter operating profit as the coronavirus impacted exploration activities and knocked oil demand.
Rising exploration activity in the United States and Canada helped it recover from a downturn a few years ago, but exploration and production companies are becoming increasingly cautious and are strongly focusing on cost cutting, SBO said.
SBO shares gained 2 percent to 97.90 euros.
Since the beginning of the year, the stock has risen 15 percent, outperforming the European sector index, which gained 9 percent. ($1 = 0.8744 euros) (Reporting by Kirsti Knolle; Editing by Susan Fenton)
«He was left stranded and did not attempt a save for either of Oakleigh Cannons’ two opening goals, due to what reports indicate was poor anticipation,» Sportsradar said.
«We want to make even better use of this overall situation also for our well completion business and are preparing ourselves for growing internationalisation in this sector,» Chief Executive Gerald Grohmann said.
Ellis Hillon has been removed from the Big Brother house after racist tweets emerged allegedly posted by the fast food worker.