Schoeller Bleckmann up as Q1 core profit doubles

SBO AG

19/05/2022 09:10

** Shares of oil and gas equipment manufacturer Schoeller
Bleckmann Oilfield  SBOE.VI  edge up 2%, the only gainer on the
Austrian traded index  .ATX , after it reports Q1 results
 urn:newsml:reuters.com:*:nASM000CGJ
    ** Its Q1 EBITDA doubled to EUR 23.5 mln ($24.59 million),
while profit after tax jumped to EUR 11.4 mln from EUR 1 mln a
year earlier
    ** The company says the expected positive effects on the oil
and gas markets should outweigh supply chain delays and tighter
sanctions affecting economic growth, and lead to a further
revival of activities in the oilfield service industry
    ** Including today's rise, the stock has gained 87% YTD

($1 = 0.9556 euros)

 (Reporting by Tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))