SBO reports 19% sales drop despite rising orders and backlog

Energy equipment firm SBO experienced a 19% decline in sales for the first half of the year, despite a 8.5% rise in bookings and a 31.7% increase in order backlog. The company reported a EUR 204.70 million revenue, down from the previous year, due to weak bookings and operational disruptions in the Middle East. SBO's net income was EUR 200,000, with EBIT at EUR 6.90 million and EBITDA of EUR 24.20 million.

Sequential growth in the second quarter was driven by the Precision Technology division, while the Energy Equipment division faced challenges from logistics issues and the conflict. The company is diversifying into additive manufacturing, geothermal energy, and subsea flow control, expecting continued recovery in the second half of 2026.