Trading Update
14 July 2008 - 4:00PM
UK Regulatory
RNS Number : 9622Y
Somero Enterprises Inc.
14 July 2008
14 July 2008
Somero Enterprises, Inc �
("Somero" or "the Group")
Period-End Trading Update
Somero Enterprises, Inc �, 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, is pleased to confirm that, during the first half, progress towards the
revised revenue and earnings targets set following the Group's trading statement on 15 May 2008 has continued well. As a result, we expect
the Group's net debt position to have reduced by US$2m during the first half of 2008.
Jack Cooney, Somero Chief Executive Officer commented:
"We are pleased with the progress made in Group sales since our trading update in May and are happy to report that our new executive
offices and Somero sales college in Florida are now fully operational. We remain of the view that the strategies in place within our
business will result in continued long term growth for Somero."
Somero looks forward to reporting Interim Results for the six months ended 30 June 2008 on 9 September.
For further information please contact:
Financial Dynamics +44 (0)20 7831 3113
Harriet Keen / Matt Dixon / Erwan Gouraud
Hawkpoint Partners Limited +44 (0)20 7665 4500
Christopher Kemball / Chris Robinson
Collins Stewart +44 (0)20 7523 8000
Nick Ellis
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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