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Schoeller-Bleckmann Oilfield Equipment AG: Business development in HY 2018 continues on path of growth, sales and earnings rising further

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Mid Year Results

Ternitz -

* Growth in North America ongoingly robust, first signs of recovery
internationally
* Sales up nearly 50 % to MEUR 200, operating result (EBIT) to MEUR 32 and
clearly positive
* North America remains driver of growth, SBO benefits from top positioning


Ternitz/Vienna, 23 August 2018. Schoeller-Bleckmann Oilfield Equipment AG (SBO)
continued to grow in the first half of 2018, driving forward the company's
positive development. The strong market in North America combined with gradually
recovering international markets had a positive effect on the company listed on
the ATX segment of the Vienna Stock Exchange. Within this healthy market
environment, demand for highly efficient tools and equipment from SBO was
rising, as reflected in sharply rising bookings and sizable increases in sales
and earnings.

In the first half of 2018, SBO's sales climbed by 47.4 % to MEUR 200.0,
following MEUR 135.7 in the same period last year. Bookings went up even higher,
by 62.8 % to MEUR 244.1 (1-6/2017: MEUR 150.0). Therefore, the book-to-bill
ratio, which measures the amount of orders coming in compared to sales, was
greater than 1. The order backlog more than doubled, standing at MEUR 79.6 at
the end of the first half of 2018 (31 December 2017: MEUR 37.6).

"The expectations we had as we started into 2018 have already been met by the
market. North America is performing strongly, and international markets are now
also showing clear signs of recovery", says SBO's CEO Gerald Grohmann. "We have
prepared thoroughly for the upswing, and our business development demonstrates
that the measures we have implemented are taking effect. We are efficiently
positioned, and our range of technologically sophisticated solutions is in great
demand among our customers. This is reflected in our growing sales figures and
strong business result."

Result significantly improved, balance sheet remains sound

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) more
than doubled year-on-year to MEUR 55.8, following MEUR 22.0 in the first half of
2017. Compared with the same period last year, the operating result (EBIT)
clearly returned to positive territory, standing at MEUR 32.1 (1-6/2017: MEUR
minus 3.6). The EBITDA margin improved further to 27.9 % (1-6/2017: 16.2 %),