Schoeller-Bleckmann AG’s shares surged 5.4% to $30.47 on Tuesday after the oilfield services provider reported a sequential rebound in second-quarter sales, marking its first quarterly increase since late 2023. The Vienna-based company posted H1 2026 group sales of EUR 205 million, down 19.3% year-over-year due to currency impacts and weaker energy demand, though Q2 sales rose 7.7% sequentially and nearly 10% versus Q4 2025.
EBITDA for the first half totaled EUR 25.8 million, while EBIT reached EUR 24.6 million, translating to a 12% margin. Q2 EBITDA climbed 11% from Q1 to EUR 12.9 million, and EBIT more than doubled to EUR 4.2 million, up 55.6% quarter-over-quarter. The Precision Technology segment led the recovery, with Q2 sales up 21.7% sequentially and EBITDA reaching EUR 7.9 million, four times Q1 levels. Energy Equipment maintained a 13% EBIT margin for the half-year.
SBO’s liquidity position remained robust, with EUR 255 million in cash and net debt of EUR 100 million, yielding a gearing ratio of 23% and a current ratio of 3.7. Bookings rose 8.5% year-over-year, with a 24% increase in the second half of 2025 compared to the first half of 2026, expanding the backlog by nearly 32% and pushing diversified bookings toward 10% of total volume.
Management highlighted accelerating adoption of 3D metal printing, with plans to add seven new machines by September 2026 and expand its U.S. additive manufacturing site by 50% to over 2,100 square meters. The company targets EBITDA margins above 20% for additive manufacturing and new ventures. COO Campbell MacPherson noted a global inflection point in industry-wide adoption of 3D metal printing.
CEO Klaus Mader framed the results as the start of a new upcycle, though he acknowledged geopolitical risks. The Middle East conflict, which disrupted nearly 10% of global oil supply at its peak, remains a key variable for energy markets. The International Energy Agency projects global oil supply to decline by 4.3 million barrels per day in 2026, outpacing a 1.6 million barrels per day drop in demand, creating a net supply contraction of roughly 2.7 million barrels daily.
