EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG records impairment of assets by approximately MEUR 20 due to the current environment

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Financial Figures/Balance Sheet
13.08.2020

Ternitz - 13 August 2020

* Operating result in the first half of the year before one-off effects remains
positive
* Cashflow from operating activities increased

Due to the massive hit to the global economic environment from COVID-19,
Schoeller-Bleckmann Oilfield Equipment AG (SBO) has recognized non-cash
impairment of assets at subsidiaries in North America. The operating result
(EBIT) before one-off effects in the first half of 2020 arrived at MEUR 12 (1-6/
2019: MEUR 38.9) and was impacted by impairment expenses of approximately MEUR
20, bringing EBIT after one-off effects to MEUR minus 9. Profit after tax was
MEUR minus 12 (1-6/2019: MEUR 17.2). Half-year sales came to MEUR 185 (1-6/2019:
MEUR 236.2).

SBO's extremely solid balance sheet remains intact: According to preliminary
figures, the equity ratio as of 30 June 2020 stood at 42% (31 December 2019:
42.3%), while net debt went down to MEUR 7 (31 December 2019: MEUR 20.1), and
gearing improved to 2% (31 December 2019: 5.4%). Cashflow from operating
activities rose to MEUR 50 in the first half of the year (1-6/2019: MEUR 38.2).

The half-year figures for 2020 are preliminary and rounded. As announced, SBO's
final half-year results will be published on 27 August 2020.

Further inquiry note:
Andreas Böcskör, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630 315 DW 252, Fax: DW 101
E-Mail: [email protected]

end of announcement euro adhoc
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issuer: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
A-2630 Ternitz
phone: 02630/315110
FAX: 02630/315101
mail: [email protected]
WWW: http://www.sbo.at
ISIN: AT0000946652
indexes: WBI, ATX
stockmarkets: Wien
language: English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE

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