Schoeller-Bleckmann Oilfield Equipment AG · Q1 2026 earnings

Briefing

SBO AG reported Q1 2026 results with sales at prior quarter levels but significantly below the prior year amid challenging market conditions.

SBO AG confirmed a trend reversal in bookings in Q1 2026 despite a challenging market environment influenced by Middle East conflicts and currency headwinds. Sales remained stable quarter-over-quarter but declined year-over-year, while earnings were impacted by low capacity utilization and logistics issues. Bookings and order backlog showed strong growth, supporting future outlook.

• Bookings rose 8.5% YoY to EUR 117.6 million and 18.5% QoQ, achieving a book-to-bill ratio of 1.2.
• Sales of EUR 98.5 million were flat QoQ but down 23.7% YoY, in line with expectations due to prior low bookings.
• EBITDA fell to EUR 11.4 million (margin 11.6%) from EUR 26.4 million YoY; EBIT to EUR 2.7 million (margin 2.8%).
• Net profit after tax was EUR 0.0 million (EPS EUR 0.00) vs. EUR 13.0 million (EPS EUR 0.83) in Q1 2025.

Headline financials

Revenue & EPS history

Management expects sales and earnings to remain at Q4 2025 levels in the near term due to prior booking patterns, with positive momentum from bookings recovery and strategic diversification.