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Schoeller-Bleckmann Oilfield Equipment AG: Clear sales and profit increase in 2004 according to preliminary figures

Ternitz, January 20, 2005: Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the prime market of the Vienna Stock Exchange, generated a clear sales and profit increase in 2004. Based on preliminary figures, group sales amounted to EUR 152 mill., some 13% above the sales achieved last year of EUR 134.2 mill. Profit before tax is expected to reach EUR 15 mill. (following 9.4 mill.), an increase of 60%.

The year 2004 was characterized by a generally friendly economic environment, which resulted in a noticeable increase of drilling activities and, consequently, stronger demand for oilfield service equipment.

The clear increase in profit was achieved although the dollar, for the second year in a row, performed very poorly against the Euro. Based on the average exchange rate, the US-dollar lost around 10% against the Euro compared to last year.

The final results of the business year having ended on December 31, 2004 will be published by SBO on February 16, 2005.

Schoeller-Bleckmann Oilfield Equipment AG is the global leader for high-precision components for the oilfield service industry. The business focus is on non-magnetic drillstring components for directional drilling. Worldwide, SBO employs a workforce of 837 (December 31, 2003: 800), currently 211 in the company headquarters at Ternitz, Lower Austria, and 435 in North America (including Mexico). The majority shareholder of the company is Berndorf AG.

Further inquiry note:
Gerald Grohmann, Chief Executive Officer
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext. 110, fax: ext. 101

Mick Stempel, Hochegger|Financials
Tel.:+43 1/504 69 87 ext. 85

end of announcement euro adhoc

emitter: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
A-2630 Ternitz
phone: 02630/315110
FAX: 02630/315101
ISIN: AT0000946652
sector: Oil & Gas - Upstream activities
language: English