SBO Reports Q1 Trend Reversal in Bookings Amid Market Challenges

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the Vienna Stock Exchange's ATX index, observed a significant increase in bookings during Q1 2026, reaching MEUR 117.6, marking an 18.5% rise from the previous quarter. This increase is indicative of a positive trend reversal despite a challenging market landscape shaped by geopolitical tensions in the Middle East.

While bookings improved, sales remained consistent at MEUR 98.5, but notably 23.7% below the Q1 2025 figures. EBITDA fell to MEUR 11.4, with profits restrained by deferred sales and low capacity utilization in precision technology. The Energy Equipment division encountered logistical setbacks, primarily due to the Middle East conflicts.

In response to market fluctuations, SBO continues to focus on strategic growth areas, including diversification and expansion into geothermal energy and additive manufacturing. Despite short-term uncertainties, the company is optimistic about capitalizing on growth opportunities in the new energy sector.