Schoeller Bleckmann : A solid base in the core business…pending a diversification
>Outperform rating (target price € 75), SBO is part of our European NextCap Convictions list - Following the earnings release and the conference call, we marginally adjusted our 2024/2026e EBITDA sequence. International momentum is set to remain the growth driver in the next few quarters (stabilisation of the situation in the US). The reduction in our 2024e EPS estimates is due mainly to higher interest expense than initially anticipated (following the settlement conc...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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