6th Jun 2016 06:34
LONDON (Alliance News) - Somero Enterprises Inc on Monday said trading remains on track to comfortably meet market expectations for 2016.
The company, which makes laser-guided equipment for concrete placing and levelling, said it has seen positive trading in 2016 in its core US, European and Chinese markets.
Though trading in Latin America, Southeast Asia, Korea and the Middle East has been behind year-on-year, Somero said sales remain solid in those areas, and it expects an improvement to emerge in the second half.
Overall, the group said it was "comfortably" in line with market expectations for the year to the end of December, with margin improvements from price increases and cost controls and a positive trading environment giving it confidence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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