AUSTRIA: SCHOELLER-BLECKMANN OPTIMISTIC

Article Abstract:

Schoeller-Bleckmann Oilfield Equipment AG (SBOE) reports record order books of Sch 487mn. This follows a 50% fall in demand in 1999, when the company's turnover declined 19% to Sch 1.12bn. For year 2000 the company that provides drilling equipment mainly for the oil and gas industries expects a recovery of sales to at least the 1998 level. Without the acquisition of Godwin and the increase of stake in Knust, sales in 1999 would have declined by 34%. Both of the subsidiaries produce drill string technology. Profit on ordinary activities fell from Sch 1.29bn to Sch 676mn. The company has reacted by cutting the number of staff in the US and Austria from 656 to 519 in 1999. SBOE is considering diversification into fields such as aviation and defence technology.

Oil and gas field machinery, Oilfield Machinery, Oil and Gas Field Machinery and Equipment Manufacturing, Oil field equipment, Schoeller-Bleckmann Oilfield Equipment AG

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AUSTRIA: DECLINE FOR SW UMWELTTECHNIK

Article Abstract:

The Austrian supplier of environmental technology, SW Umwelttechnik saw a significant decrease in profits in 1999. According to preliminary results, profit on ordinary activities fell by 46% to Sch 31.2mn while operating performance grew only by 6% to Sch 587.4mn. Results were affected in the home country by the delay in the introduction of the environmental standards of the EU. Orders decreased in Hungary due to the floods. The company is expecting improvement again for 2000.

Measuring & controlling devices, not elsewhere classified, Other Measuring and Controlling Device Manufacturing, Measure & Control Eqp NEC, Measuring instruments

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AUSTRIA: GROWTH FOR VIKING UMWELTTECHNIK

Article Abstract:

Viking Umwelttechnik, the Austrian producer of gardening equipment, reports an increase in turnover to Sch 971.9mn in year 2000 from Sch 729.6mn in 1999. Exports account for 98% of sales, with France, Germany and Scandinavia being the main markets. The Kufstein-based company makes lawn-mowers and trimmers, garden choppers, hedge clippers and rotary cultivators.

Power Driven Hand Tools, Power-Driven Handtool Manufacturing, Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing, Power-driven handtools, Lawnmowers & Snowblowers, Lawn and garden equipment, Hand tools, Power tools

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