Oilfield equipment maker SBO's Q1 sales fall 24% amid Middle East disruptions

SBO AG

21/05/2026 06:14

Overview

Austria oilfield equipment maker's Q1 sales flat sequentially, down 24% yr/yr

Q1 EBITDA margin dropped to 11.6% from 20.4% a year ago

Company says lower sales, earnings due to prior low bookings and Middle East logistics disruption

Outlook

SBO expects a recovery in the second half of 2026

Company sees 2026 as a transition year with signs of recovery for Precision Technology

SBO highlights continued short-term uncertainties due to geopolitical and logistical challenges

Result Drivers

LOW PRIOR BOOKINGS - Co said lower sales and earnings reflected low bookings in H2 2025, leading to reduced capacity utilization, especially in Precision Technology

MIDDLE EAST LOGISTICS - Logistics disruptions in the Middle East led to deferred sales and prevented planned tool sales in Energy Equipment

US CENTER RAMP-UP - Ramp-up of relining and distribution center in the US weighed on earnings in Energy Equipment

Company press release: ID:nEQ8Gfdqsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 98.50 mln
Q1 Net Income
EUR 0
Q1 EBIT
EUR 2.70 mln
Q1 EBITDA
EUR 11.40 mln
Q1 Pretax Profit
EUR 800,000


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy."

Wall Street's median 12-month price target for SBO AG is €39.00, about 13% above its May 20 closing price of €34.50

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)