SBO drops on earnings miss, Middle East tensions weigh

SBO AG

21/05/2026 10:27

** Shares in SBO AG SBOE.VI fall as much as 5.4% after the Austrian oil services and equipment provider missed quarterly expectations

** Operating profit fell by 85.1% to 2.7 million euros  ($3.1 million), below Erste forecasts

** The broker says the war in the Middle East and weakness in the Precision Technology division drove the decline

** "The tense geopolitical market situation and the associated logistical difficulties in the Middle East may lead to customer restraint and sales deferrals at SBO," Erste adds

** SBO shares are the second-biggest decliner on Austria's .ATX index

($1 = 0.8618 euros)

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))