EQS-News

Financial year 2023: SBO with all-time high in sales - Seite 3

"With our high level of cash, we are in an excellent position to implement our strategic plans and make targeted investments for further growth," says CEO Mader.

Thanks to the excellent earnings, the Executive Board will propose to the Annual General Meeting on 25 April 2024 again a dividend of EUR 2.00 per share for the financial year 2023 (2022: EUR 2.00 per share). 

Positive outlook

The ongoing need for energy security and increased investments, particularly in the international markets and in offshore projects, lead to optimism in SBO’s industry segment. SBO will consistently take advantage of the favorable market environment in its core business and is confident for 2024 thanks to well-filled order books, the integration of Praxis Completion Technology and new product innovations. The Group is focusing on expanding its activities in the growing markets of the Middle East and Asia and strengthening its local presence there. At the same time, SBO is concentrating on growth in the green tech energy sector, both organically and through acquisitions, provided they offer clear strategic advantages and long-term added value.

"For our core business, the market fundamentals support a sustained, multi-year increase in global spending in exploration and production. We are capitalizing on this opportunity, particularly by expanding our facilities in Saudi Arabia and Vietnam," says CEO Klaus Mader. "At the same time, we continue to pursue our ambitious goals outside our core business. We are increasing our efforts to identify strategic investment targets and further diversify our existing product range to tap into promising markets such as geothermal and carbon capture & storage. With that, we will actively contribute to the energy transition and secure our leading role in the long term. This puts us in an excellent position for the future." 

SBO key figures at a glance

		2023	2022
Sales	MEUR	585.9	501.2
Earnings before interest, taxes,