Somero Enterprises Inc. Trading Update (8395G)
2023年7月24日 - 3:00PM
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RNS Number : 8395G
Somero Enterprises Inc.
24 July 2023
24 July 2023
Somero Enterprises, Inc.
("Somero", "the Company" or "the Group")
Trading Update
Somero(R) provides an update on trading for the six months to 30
June 2023 ahead of its interim results announcement, scheduled for
release on 31 August 2023.
With non-residential construction and underlying market
conditions remaining healthy across the Company's major markets and
following a solid June, trading for H1 2023 ended at the high end
of the guidance range set forth in the 20 June 2023 trading
update.
As expected, trading in North America was the driver for the
overall decline compared to H1 2022, due to the factors previously
reported in the 20 June 2023 trading update, while H1 2023 trading
in Europe and Australia reflected the positive momentum carried
forward from H2 2022 with both regions reporting improvement over
the comparable H1 2022 result. Performance in the European and
Australian markets, supported by healthy market activity, has been
driven by strategic investments in both regions and traction with
acquiring new customer relationships and with increased market
penetration of our broader product offering. Territories comprising
our Rest of World regions contributed positively to H1 2023 trading
on a combined basis as expected, driven in part by Latin America
and the Middle East that both reported increased revenues compared
to H1 2022.
Also as indicated in our 20 June 2023 trading update, the
Company anticipates improvement in H2 2023 trading in North America
compared to H1 2023 driven by increased availability of the S-22EZ,
supported by direct feedback from customers indicating healthy
non-residential construction activity across a wide range of
project types that translates to extended project backlogs. The
Company also anticipates healthy contributions to H2 2023 trading
from Europe and Australia, and H2 2023 trading comparable to H1
2023 in the Rest of World territories.
As such, the Board remains confident that 2023 results will fall
in line with market expectations with revenues of approximately US$
120m, EBITDA of approximately US$ 36m, and year-end cash of
approximately US$ 32m.
Enquiries:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO +1 239 210 6500
John Yuncza, President
Vincenzo LiCausi, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD and Broker) +44 (0)20 7220 0500
Matt Goode/Seamus Fricker/Fergus Sullivan
(Corporate Finance)
Tim Redfern/Harriet Ward (ECM)
Alma PR (Financial PR Advisor) somero@almapr.co.uk
David Ison +44 (0)20 3405 0205
Rebecca Sanders-Hewett
Pippa Crabtree
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END
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July 24, 2023 02:00 ET (06:00 GMT)
Somero Enterprise (LSE:SOM)
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から 4 2024 まで 5 2024
Somero Enterprise (LSE:SOM)
過去 株価チャート
から 5 2023 まで 5 2024