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Schoeller-Bleckmann Oilfield Equipment AG

EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Annual General Meeting resolves to increase dividend to EUR 1.50 per share

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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Annual & Special Corporate Meetings
25.04.2013


Ternitz/Vienna, 25 April 2013: The Annual General Meeting of Schoeller-Bleckmann
Oilfield Equipment AG (SBO) listed on the ATX segment of the Vienna Stock
Exchange, resolved to increase the dividend for fiscal 2012 from last year's EUR
1.20 to EUR 1.50, of which EUR 0.50 are attributed to the basic dividend and EUR
1.00 to the bonus. The ex-dividend and dividend payment date was set at 8 May
2013. 

The Executive Board and the Supervisory Board were granted discharge for fiscal
2012 by the Annual General Meeting. 

According to the Articles of Association, Dr. Peter Pichler's Supervisory Board
mandate ended at this year's Annual General Meeting by draw. At the election to
the Supervisory Board, Dr. Peter Pichler was reappointed as Supervisory Board
member until the Annual General Meeting to be held in 2018. 

For the current fiscal year 2013, SST Schwarz & Schmid Wirtschaftsprüfungsges.
m.b.H. Wirtschaftsprüfungs- und Steuerberatungsgesellschaft was appointed
auditor of the annual financial statements of the company, and Ernst & Young
Wirtschaftsprüfungsgesellschaft m.b.H. was appointed auditor of the consolidated
financial statements. 

In their report delivered to the Annual General Meeting the Executive Board gave
an extensive overview of fiscal 2012 for SBO and on the current market
situation, pointing out that the tendency of some customers to cut on tool order
volumes due to high inventories continues as observed in the months before. The
underlying reason for the current inventory situation can be found in the
overordering that took place in the first half of 2012. A reversal of this trend
in incoming orders for SBO can be expected only when customers have reduced
their inventories accordingly. 

As the fundamental data of the oilfield service industry has remained intact,
SBO nevertheless sees a positive industry environment. Despite its ongoing
spending for growth the company is based on a sound balance sheet, low debt and
attractive cash-flow. Therefore, mid-term growth prospects for SBO remain
intact.

end of ad-hoc-announcement
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Schoeller-Bleckmann Oilfield Equipment AG is the global market leader in
high-precision components for the oilfield service industry. Worldwide, SBO has
employed a workforce of 1591 as at 31 December 2012 (31 December 2011: 1459),
thereof 460 in Ternitz/Austria and 651 in North America (including Mexico).

Further inquiry note:
MMag Florian Schütz, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz/Austria, Hauptstrasse 2
Tel.: +43 2630 315-251
Fax: +43 2630 315-501
E-Mail: f.schuetz@sbo.co.at

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:     sboe@sbo.co.at
WWW:      http://www.sbo.at
sector:      Oil & Gas - Upstream activities
ISIN:        AT0000946652
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 



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