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
 
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