Trading Update

RNS Number : 8733D

Somero Enterprises Inc.

12 July 2016

 

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:

Somero Enterprises, Inc.                                                                              www.somero.com Jack Cooney, CEO                                                                                            [phone] John Yuncza, CFO Howard Hohmann, EVP Sales Canaccord Genuity Ltd (NOMAD and Joint Broker) Bruce Garrow                                                                                                  [phone] Piers Coombs finnCap Ltd (Joint Broker) Matt Goode (Corporate Finance)                                                              [phone] Carl Holmes (Corporate Finance) Tim Redfern (Corporate Broking) Redleaf Communications Ltd (Financial PR Advisor)                      [e-mail] Rebecca Sanders-Hewett                                                                            [phone] David Ison Susie Hudson

 

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