Schoeller-Bleckmann Oilfield Equipment AG 2016 Annual Report with Sustainability Disclosures
The report highlights Schoeller-Bleckmann Oilfield Equipment's (SBO) performance during the 2016 fiscal year, navigating the harshest oilfield service industry crisis in 30 years. Despite a 41.7% decline in sales to MEUR 183.0, the company generated a positive operating cashflow of MEUR 31.3 through active working capital management. SBO completed the largest acquisition in its history by purchasing a 68% stake in Downhole Technology LLC, significantly expanding its presence in the well completion market. Additionally, the company maintained its commitment to innovation, commercializing its Direct Metal Laser Sintering 3D printing unit and "GooseNeck Drilling" technology.
Company: Schoeller-Bleckmann Oilfield Equipment AG
Sector: Manufacturing
Country: Austria
Year: 2016
Type: Annual Report with Sustainability Disclosures
Pages: 174
Back to company
Schoeller-Bleckmann Oilfield Equipment AG
Annual Report
The report highlights Schoeller-Bleckmann Oilfield Equipment's (SBO) performance during the 2016 fiscal year, navigating the harshest oilfield service industry crisis in 30 years. Despite a 41.7% decline in sales to MEUR 183.0, the company generated a positive operating cashflow of MEUR 31.3 through active working capital management. SBO completed the largest acquisition in its history by purchasing a 68% stake in Downhole Technology LLC, significantly expanding its presence in the well completion market. Additionally, the company maintained its commitment to innovation, commercializing its Direct Metal Laser Sintering 3D printing unit and "GooseNeck Drilling" technology.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Published
Mar 3, 2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees