VIENNA, May 20 (Reuters) - Austrian oilfield equipment
producer Schoeller-Bleckmann (SBO) said on Wednesday
its operating profit fell 40% in the first quarter as the
coronavirus sent shockwaves through the energy sector and slowed
global production significantly.
Earnings before interest and tax (EBIT) fell to 12.1 million
euros ($13.25 million) on sales of 108.9 million euros, the
SBO, which builds highly specialised oilfield exploration
equipment for energy companies, said it had halved its net debt
compared to end-2019 to 9.1 million euros.
($1 = 0.9135 euros)
(Reporting by Kirsti Knolle
Editing by Michelle Martin)