Last checked at 12 Jul 2016 07:00
12 July 2016
Somero Enterprises, Inc.
("Somero" or the "Company")
Trading Update
Somero is pleased to provide an update on trading ahead of its interim results announcement due on Tuesday 6 September 2016.
In its announcement on 6 June 2016, prior to the Company's annual general meeting, Somero highlighted overall results were tracking comfortably in-line with market expectations for the full year ending 31 December 2016 due to positive trading in the Company's core North American, European and Chinese markets. Somero is pleased to report that trading in June was significantly stronger than both the previous month and when compared to a year ago. This was led by particularly strong activity in North America; with China, the Middle East, and Europe each contributing satisfactorily to overall growth.
The strong performance in June and the continuation of the positive trading environment together with margin improvement and solid operating cash flow generation mean the Company now expects to report results slightly ahead of current market expectations for the full year ending 31 December 2016.
Enquiries:
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Somero Enterprises, Inc. www.somero.com Jack Cooney, CEO +1 239 210 6500 John Yuncza, CFO Howard Hohmann, EVP Sales
Canaccord Genuity Ltd (NOMAD and Joint Broker) Bruce Garrow +44 (0)20 7523 8000 Piers Coombs
finnCap Ltd (Joint Broker) Matt Goode (Corporate Finance) +44 (0)20 7220 0500 Carl Holmes (Corporate Finance) Tim Redfern (Corporate Broking)
Redleaf Communications Ltd (Financial PR Advisor) somero@redleafpr.com Rebecca Sanders-Hewett +44 (0)20 7382 4730 David Ison Susie Hudson |