Somero Regulatory News (SOM)

10 Jan 2008 07:01

Somero Enterprises Inc.10 January 2008 10 January 2008 THIS ANNOUNCEMENT MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR TO US PERSONS (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED) OR TO RESIDENTS, NATIONALS OR CITIZENS OF CANADA, JAPAN OR AUSTRALIA. Somero Enterprises, Inc (R) ("Somero" or "the Group") Period End Trading Update Somero Enterprises, Inc(R), ("Somero" or the "Group"), the North Americanmanufacturer of patented laser guided equipment used for the spreading andlevelling of high volumes of concrete for floors in the construction industry,confirms that revenues and earnings for the second half of 2007 grewsignificantly over the prior year period. The Group expects to report results for the full year to 31 December 2007 at thetop end of analyst expectations. The second half saw the Group make good progress in its expansion into newmarkets and deliver very rapid growth across all of its operations outside theUS. In the US, demand for Somero's products and services continued to be robust andgood growth was achieved in the second half, as compared to the prior yearperiod. Jack Cooney, CEO of Somero commented: "We are delighted to confirm another year of strong performance for the Group.We have continued to build on a good first half and to invest in geographicexpansion, achieving healthy second half growth in the US alongside significantand rapid growth across our European and Rest of World operations. "Somero will report full year results in early April 2008." Enquiries: Financial Dynamics +44 (0)20 7831 3113Harriet Keen / Matt Dixon Jefferies +44 (0)20 7968 8000Charles Cameron / Nandan Shinkre / Jack Pryde This announcement does not constitute or form part of any offer or invitation tosell, or any solicitation of any offer to purchase, any securities of SomeroEnterprises, Inc. (the "Company"). This announcement may not be released, published or distributed in or into theUnited States, Canada, Japan or Australia or to US Persons (as defined inRegulation S under the US Securities Act of 1933, as amended (the "US SecuritiesAct")) or to residents, nationals or citizens of Canada, Japan or Australia.The distribution of this announcement in certain other jurisdictions may also berestricted by law and persons into whose possession this announcement or anydocument or other information referred to herein comes should inform themselvesabout and observe any such restriction. Any failure to comply with theserestrictions may constitute a violation of the securities laws of any suchjurisdiction. No securities of the Company have been registered under the US Securities Act.No securities of the Company may be offered or sold in the United States or toUS persons (as defined in Regulation S under the US Securities Act) exceptpursuant to an effective registration statement under the US Securities Act orpursuant to an available exemption from the registration requirements under theUS Securities Act. No securities of the Company have been registered under the applicablesecurities laws of Australia, Canada or Japan and may not be offered or soldwithin Australia, Canada or Japan or to, or for the account or benefit ofcitizens or residents of Australia, Canada or Japan. This information is provided by RNS The company news service from the London Stock Exchange