19th Jul 2022 20:30
Somero Enterprises Inc - Fort Myers, Florida-based laser-guided machinery concrete levelling - Says trading in first half ended higher than the comparable period in 2021, driven by positive momentum from a highly active US non-residential construction market, healthy market conditions and elevated activity levels in the European and Australian markets. Looking ahead, it continues to anticipate healthy trading to continue in second half of 2022. As such, 2022 results are anticipated to fall in line with market expectations for revenue of approximately USD138.8 million, earnings before interest, tax, depreciation, and amortization of USD47.7 million, and year-end cash of approximately USD39.9 million.
Current stock price: 388.00 pence
12-month change: down 9.8%
By Arvind Bhunjun; [email protected]
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