SBO AG (OTCPK:SBOEY)

Q3 2024 Schoeller-Bleckmann Oilfield Equipment AG Earnings Call Transcript

Nov 21, 2024 / 10:00 AM GMT

Release Date Price: $3.15 (+8.62%)

Transcript

Key Points

Positve

Schoeller-Bleckmann Oilfield Equipment AG (SBOEY) reported a solid cash flow increase to over 42 million EUR, significantly above the previous two years.
The company achieved double-digit sales growth in the Middle East and Latin America, successfully reducing its US market exposure.
The Oilfield Equipment division returned to profitability in Q3, showing a promising path with an EBIT margin of 8%.
Schoeller-Bleckmann Oilfield Equipment AG (SBOEY) successfully completed a financing round, enhancing its liquidity and strategic flexibility.
The company was honored with an ESG award, highlighting its commitment to environmental sustainability, social responsibility, and corporate governance.

Negative

Sales decreased by 3% compared to the previous year, impacted by the weakness in the US market.
The AMS division experienced a significant foreign exchange loss of almost 3 million EUR in Q3.
Bookings in Q3 were 4% below the second quarter, indicating a moderation in customer demand.
The company's EBIT of 51.8 million EUR was well below the previous year, driven by weaker performance in the first half of the year.
The US market remains challenging with no significant rebound expected in the short term, affecting the Oilfield Equipment segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SBOE.VI - Schoeller-Bleckmann Oilfield Equipment AG
Q3 2024 Schoeller-Bleckmann Oilfield Equipment AG Earnings Call
Nov 21, 2024 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good morning. This is Klaus Mada.

I'm welcoming you to our Q3 earnings call in the name of the executive board.

And as usual, I'm doing that call together with Kle Mac Thorson, our Chief Operating Officer.

Today we will talk about the business highlights the financial highlights of the year-to-date figures, but also of the Q3 figures followed by explanations about the market environment done by Campbell and followed by the outlook.

I just heard that there was no tone at the beginning. So let me do it again. Welcome in the name of the executive board to Shea Blackman as Q3 earnings call that I is usually do together with Campbell

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