Hi Leute!
Super Zahlen, leider völlig unbeachtet. Bei dem Umfeld normal. Aber da kommt was, wenns wieder mal bergauf geht.
mfg
Please note that news is available only for companies listed on EASDAQ
25 May 2000 17:00
Schoeller-Bleckmann Oilfield Equipment (SBOE) Reports Results of 1st Quarter 2000
May 26, 2000, Ternitz, Austria.
Results for the first quarter of 2000 were today announced by Schoeller
Bleckmann Oilfield Equipment AG (SBOE), the Austrian manufacturer of
parts and components for the directional drilling technology.
Strong sales in March resulted in figures which were even higher than the
preliminary results for the first quarter which had been announced on
March 9, 2000. The company now reports Total Sales and Revenues of Euro
32.0 million, an increase of 42.6 % in comparison with the first quarter
of the previous year, and Income before Taxes of Euro 4.2 million, an
improvement of 273 %.
"Not only can we be more than pleased with the results of the first
quarter, but we continue to see a positive development of the overall
situation month after month. The record order backlog of Euro 35.4 million
we talked about early March looks like history when compared with
Euro 39.0 million as per the end of April 2000", stated G.K. Gregor,
CEO of the company.
"We see an almost full recovery to 1998 drilling levels in the USA and
Canada and a definite revival of activities in the international areas
where until now recovery was slow based on the nature of the projects and
the somewhat steadier speed of reaction by the large integrated companies.
We also see continued high prices for oil and gas in spite of production
increases by OPEC, which should result in a further increase in drilling
activities with the corresponding positive impact on activities for our
customers."
"The continuation of our major capex-programs in 1999, despite the
downturn, has put us in a position to fully participate in the upswing now.
Net Sales in April were the highest ever and we expect this record to be
short lived as well. While it is too early to predict figures for 2000 we
feel very confident about this becoming a very good year. With sales by the
end of April plus backlog we have already exceeded the full year 1999 in
turnover and are close to the total for 1998, which was the biggest year in
the history of the company. As for Net Income the first quarter of this
year is better than the first quarter of 1998 and more than 4-times the
figure of 1999."
"We expect a continuation of the very positive business environment for
Drillstring Products and a steady improvement in the other business areas
which are still slow in catching up. Overall, presently we see no clouds on
the horizon other than the pressing need for additional production
capacities, not only for the oil and gas industry but also for our
diversification efforts."
For the quarter under review, when compared with the first quarter of 1999,
the strongest positive development took place in Drillstring Products with
Net Sales of Euro 26.2 million (+ 52.3 %), followed by Other Sales with
Euro 19 million (+ 21.8 %), Drilling Motors with Euro 2.4 million (+ 6.5 %)
and Repair&Maintenance with Euro 1.3 million (+ 6.0 %).
Gross Profit was more than doubled and reached Euro 7.89 million (24.7 % of
sales) vs. Euro 3.77 million (16.8 % of sales) in the first quarter of
1999. S, G & A expenses, while going up slightly from Euro 3.12 million to
Euro 3.28 million in the first 3 months of this year, were however only
10.3 % of Net Sales compared with 14.0 % in the same period of the previous
year.
Income from Operations amounted to Euro 4.45 million, more than 7 times the
figure for the first quarter in 1999 (Euro 0.53 million) and was 13.9 % of
sales. Net Income was improved by 330.9 % as it went from Euro 0.55 million
in the first 3 months of 1999 to now Euro 2.37 million.
Accordingly the Earnings per Share are Euro 0.18 versus Euro 0.04 in the
first quarter of 1999.
1 Attachment
If you want to receive a full set of the financial statements and any other
further information please contact Mr. Franz Gritsch, CFO, or visit
www.sbo.co.at
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz/Austria, Hauptstraße 2
Tel 43 2630 315 500
Fax 43 2630 315 101
e-mail sboe@sbo.co.at
Attachment
INTERIM PROFIT AND LOSS ACCOUNT
3 months ended Year ended
31.03.2000 31.03.1999 31.12.1999
UNAUDITED UNAUDITED
1.000 Euro 1.000 Euro 1.000 Euro
Sales 31.919 22.341 81.230
Other operating income 43 71 375
--------------------------------------------------
Total sales and revenues 31.962 22.412 81.605
Cost of sales -24.072 -18.640 -67.207
Gross Profit 7.890 3.772 14.398
Selling, administration & general expenses -3.283 -3.121 -12.807
Research and development expenses -162 -122 -715
--------------------------------------------------
Income from operations 4.445 529 876
Other income/expenses 53 36 1.358
Foreign exchange gain/loss 310 1.174 2.084
Interest income/expenses -629 -618 -2.195
--------------------------------------------------
Total other income -266 592 1.247
Income on ordinary activities bef. tax 4.179 1.121 2.123
Income taxes -1.424 -553 -633
Income after taxation 2.755 568 1.490
Minority interests -389 -23 21
--------------------------------------------------
Net income 2.366 545 1.511
--------------------------------------------------
Earnings per share (in EURO) 0,18 0,04 0,12
Number of shares outstanding 13.000.000 13.000.000 13.000.000
|
Thread abonnieren
