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 group said.
SBO, ทางเข้า sbobet 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)