Brief: Schoeller Bleckmann Proposes Dividend Of EUR 1.20 Per Share

SBO AG

18/03/2020 07:04

March 18 (Reuters) - SCHOELLER BLECKMANN OILFIELD EQUIPMENT
AG  SBOE.VI :
    * DIVIDEND PROPOSAL OF EUR 1.20 PER SHARE FOLLOWING EUR 1.00
PER
SHARE IN PREVIOUS YEAR
    * SHARE BUYBACK PROGRAM OF UP TO 700,000 SHARES RESOLVED
    * FY SALES ROSE TO MEUR 445, OPERATING RESULT (EBIT) STOOD
AT MEUR
60
    * FINANCIAL RESULT FOR 2019 AMOUNTED TO MEUR MINUS 12.3
(2018:
MEUR MINUS 14.8)
    * PROFIT BEFORE TAX CAME TO MEUR 47.9 (2018: MEUR 32.0), AND
PROFIT AFTER TAX WAS MEUR 32.3 IN BUSINESS YEAR 2019 (2018: MEUR
17.5)
    * FY EARNINGS PER SHARE WERE EUR 2.03 (2018: EUR 1.10)
    * IN YEARLY COMPARISON, SALES INCREASED BY 6.0 % TO MEUR
445.3
(2018: MEUR 420.2)
    * FY EBITDA) CAME TO MEUR 108.6 (2018: MEUR 120.0)
    * FY PROFIT FROM OPERATIONS (EBIT) ARRIVED AT MEUR 60.2
(2018:
MEUR 46.9)
    * CHALLENGING ENVIRONMENT IN 2020
    * AT PRESENT, IT IS DIFFICULT TO PREDICT HOW QUICKLY
SITUATION
WILL CALM DOWN
    * RESOLVED TO MAKE USE OF AUTHORIZATION GRANTED BY 2018
ANNUAL
GENERAL MEETING TO BUY BACK TREASURY SHARES
    * SHARE BUYBACK IS TO TAKE PLACE IN PERIOD FROM 23 MARCH
2020 TO
24 OCTOBER 2020 (EXPECTED)
    * IT IS PLANNED TO BUY BACK UP TO 700,000 TREASURY SHARES,
THAT IS
4.375 % OF SHARE CAPITAL AT MOST
    * SHARE BUYBACK AT A MINIMUM VALUE OF EUR 1 AND A MAXIMUM
VALUE OF
EUR 35 PER SHARE
    * SHARE BUYBACK IS TO BE USED FOR EMPLOYEE PROGRAMS OR AS A
TRANSACTION CURRENCY

Source text for Eikon:  ID:nAPA4KWhWH 
Further company coverage:  SBOE.VI 

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