Oil equipment provider SBO's half-year earnings slump due to Iran war
20/08/2026 06:12
Oil equipment provider SBO's half-year earnings slump due to Iran war Aug 20 (Reuters) - Oil services and equipment provider SBO SBOE.VI reported much lower core earnings for the first half of 2026 on Thursday, as disruptions from the Middle East conflict weighed on logistics and sales.
The Austrian company posted earnings before interest, taxes, depreciation and amortization of €24.2 million ($28.3 million) for the January-June period, compared with the year-ago result of €44.5 million.
($1 = 0.8565 euros)
(Reporting by Danny Callaghan and Paolo Laudani)
((Email: danny.callaghan@thomsonreuters.com))
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Oil equipment provider SBO's half-year earnings slump due to Iran war