Schoeller-Bleckmann Oilfield Equipment: New Upcycle, H1 Bookings Rise
Schoeller-Bleckmann Oilfield Equipment (SBO) reported an 8.5% increase in H1 2026 bookings, suggesting a potential industry upcycle despite ongoing geopolitical tensions. While sales improved quarter-over-quarter, overall profitability declined compared to the previous year.
Why it matters
The report provides a bellwether for the oilfield services sector, indicating how energy companies are navigating market volatility and shifting demand.
SBO AG's bookings rose 8.5% year-on-year to MEUR 235.3 in H1 2026, despite the ongoing Middle East conflict, signaling the start of a new upcycle. The order backlog increased 31.7% since year-end 2025 to MEUR 117.9, while bookings from non-oil-and-gas business areas approached 10%.
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