VIENNA: New bookings at Schoeller-Bleckmann Oilfield Equipment AG fell 59.4 percent to 202 million euros ($219.45 million) in 2015, slightly below expectations, the company said on Tuesday amid a persistent slump in the energy sector.

Revenue fell around 36 percent to 312 million euros in the full year, but due to savings SBO's cash pile increased to 200 million euros and the firm remains on the lookout for takeover targets, Chief Executive Gerald Grohmann said in a statement.

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