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SOM Somero Enterprise Inc.

342.50
7.50 (2.24%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Somero Enterprise Inc. LSE:SOM London Ordinary Share COM STK USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  7.50 2.24% 342.50 335.00 350.00 342.50 335.00 335.00 68,256 16:03:45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Period End Trading Update

10/01/2008 7:01am

UK Regulatory


RNS Number:4624L
Somero Enterprises Inc.
10 January 2008

10 January 2008



 THIS ANNOUNCEMENT MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED IN OR INTO THE
   UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR TO US PERSONS (AS DEFINED IN
 REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED) OR TO RESIDENTS,
              NATIONALS OR CITIZENS OF CANADA, JAPAN OR AUSTRALIA.



                          Somero Enterprises, Inc (R)

                           ("Somero" or "the Group")

                           Period End Trading Update


Somero Enterprises, Inc(R), ("Somero" or the "Group"), the North American
manufacturer of patented laser guided equipment used for the spreading and
levelling of high volumes of concrete for floors in the construction industry,
confirms that revenues and earnings for the second half of 2007 grew
significantly over the prior year period.


The Group expects to report results for the full year to 31 December 2007 at the
top end of analyst expectations.


The second half saw the Group make good progress in its expansion into new
markets and deliver very rapid growth across all of its operations outside the
US.


In the US, demand for Somero's products and services continued to be robust and
good growth was achieved in the second half, as compared to the prior year
period.


Jack Cooney, CEO of Somero commented:


"We are delighted to confirm another year of strong performance for the Group.
We have continued to build on a good first half and to invest in geographic
expansion, achieving healthy second half growth in the US alongside significant
and rapid growth across our European and Rest of World operations.


"Somero will report full year results in early April 2008."




Enquiries:

Financial Dynamics                                      +44 (0)20 7831 3113
Harriet Keen / Matt Dixon

Jefferies                                               +44 (0)20 7968 8000
Charles Cameron / Nandan Shinkre / Jack Pryde




This announcement does not constitute or form part of any offer or invitation to
sell, or any solicitation of any offer to purchase, any securities of Somero
Enterprises, Inc. (the "Company").



This announcement may not be released, published or distributed in or into the
United States, Canada, Japan or Australia or to US Persons (as defined in
Regulation S under the US Securities Act of 1933, as amended (the "US Securities
Act")) or to residents, nationals or citizens of Canada, Japan or Australia.
The distribution of this announcement in certain other jurisdictions may also be
restricted by law and persons into whose possession this announcement or any
document or other information referred to herein comes should inform themselves
about and observe any such restriction. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction.



No securities of the Company have been registered under the US Securities Act.
No securities of the Company may be offered or sold in the United States or to
US persons (as defined in Regulation S under the US Securities Act) except
pursuant to an effective registration statement under the US Securities Act or
pursuant to an available exemption from the registration requirements under the
US Securities Act.



No securities of the Company have been registered under the applicable
securities laws of Australia, Canada or Japan and may not be offered or sold
within Australia, Canada or Japan or to, or for the account or benefit of
citizens or residents of Australia, Canada or Japan.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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