Schoeller Bleckmann : A recovery which is being confirmed
>Outperform recommendation (target price € 48) - We are sticking with our Outperform recommendation on the stock (target price unchanged at € 48), this publication confirms that the low point is now behind us, with a sequential increase in sales for the fourth consecutive quarter and a maintaining of a book-to-bill of >1 over the quarter. We maintain our earnings forecasts unchanged. Note that we were on average 8% above consensus on the 2021e-2023e EBITDA sequen...Schoeller-Bleckmann Oilfield Equipment is engaged as a producer of high precision components and a supplier of oilfield equipment for the oilfield service industry. Co. focuses on non-magnetic drillstring components (non-magnetic drill collars) and downhole tools for drilling and completing directional and horizontal wells. The High Precision Components segment consists of the manufacturing of MWD (Measuring While Drilling) and LWD (Logging While Drilling) precision drillstring components. The Oilfield Equipment segment comprises production and distribution of non-magnetic drill collars, drilling motors and tools for downhole circulation applications, repair and maintenance services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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