SBO falls after Q1 miss, hit by US market challenges
** Austrian oil and gas equipment maker Schoeller-Bleckmann SBOE.VI falls 6.5% following Q1 miss
** The company reported an EBIT of 20.6 million euros ($22.27 million), below Erste Group Research's estimate that saw it at 23.0 million euros
** "While the difference on the top line was rather insignificant, the profitability drop was somewhat more pronounced than we anticipated" Erste Group research writes
** The broker points to challenging market conditions in U.S., unfavourable profit mix in the quarter that hit margin
** SBO falls to the bottom of the Austrian traded index .ATX
($1 = 0.9248 euros)
Reporting by Tristan Veyet
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