SBO fights with a decline in sales: markets weaker than expected!

SBO fights with a decline in sales: markets weaker than expected!

The Lower Austrian oil field supplier Schoeller-Bleckmann Oilfield Equipment AG (SBO) is in a challenging market environment and must accept declines in its financial results. According to a message from the company, profit decreased after taxes in 2024 from EUR 71.6 million to 45.3 million euros. The operational business also suffered: the EBITDA fell from 131.3 million euros to 101.9 million euros - a decline that was particularly due to weaker demand in the USA. CEO Klaus Mader commented on the Situation and emphasized that one had quickly reacted to the declining demand, whereas the EBIT margin dropped to 12.5 percent.

In addition, the company's figures provided information about sales: This dropped from 585.9 million euros in the record year 2023 to 560 million euros. It is interesting, however, that the liquid funds have been almost doubled and are now at 315 million euros. The net debt was reduced from 92.3 million to 56 million euros, which indicates a healthy balance sheet, as outlook and dividend

The weakness in the markets, especially in the USA, has a clear impact on the entire corporate strategy. SBO plans a diversification and market expansion to generate long -term sustainable growth. For 2024, a dividend of 1.75 euros per share will be proposed, compared to two euros a year before. These measures are intended to cope with the challenges of current market dynamics, as is emphasized in the report by orf . Despite the current declines, SBO remains optimistic about future developments in the energy sector, in particular due to the increasing global amount of energy.