REG - Somero Enterprises - AGM Statement

Somero EnterprisesAnnouncement

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RNS Number : 1523N  Somero Enterprises Inc.  17 June 2025

17 June 2025

 

Somero Enterprises Inc.

("Somero" or the "Company")

 

AGM Statement

 

Somero Enterprises, Inc. is pleased to provide an update on trading ahead of
its Annual General Meeting to be held tomorrow, 18 June 2025, at 9 a.m. local
time at its global headquarters, 14530 Global Parkway, Fort Myers, Florida
33913, U.S.A.

 

The Board continues to expect full-year revenue, profitability, and cash
generation to be in line with the revised guidance issued in the 24 April 2025
trading update. Since that announcement, market conditions have remained
broadly unchanged. Non-residential construction activity remains steady,
underpinned by strong bidding levels and healthy project backlogs, although
projects and capital investment decisions continue to be affected by broader
economic uncertainty. Looking ahead, the Company anticipates a continuation of
these conditions in the second half of the year, while expecting to benefit
from a seasonal trading uplift and contributions from new products.

 

The Board looks forward to providing a more detailed trading update covering
the first six months of FY 2025 in July.

 

The Annual General Meeting will be held via webcast and participation is
encouraged by registering online at
https://event.choruscall.com/mediaframe/webcast.html?webcastid=l5hjm4K2
(https://event.choruscall.com/mediaframe/webcast.html?webcastid=l5hjm4K2) .
This link can also be found on our website at https://investors.somero.com/
(https://investors.somero.com/) along with dial-in numbers for telephonic
participation.

 

For further information, please contact:

 

 Somero Enterprises,                                                                                                                                                         www.somero.com (http://www.somero.com)
 Inc.
 Tim Averkamp,                                                                                                                                                             +1 239 210 6500
 CEO
 Vincenzo LiCausi, CFO
 Howard Hohmann, EVP Sales

 Cavendish Capital Markets Ltd (NOMAD and Broker)                                                                                                                          +44 (0)20 7220 0500
 Matt Goode/Seamus Fricker/Trisyia Jamaludin (Corporate Finance)
 Tim Redfern/Harriet Ward (Corporate Broking)

 Alma (Financial Communications Advisor)                                                                                                                                   somero@almastrategic.com (mailto:somero@almastrategic.com)
 David Ison                                                                                                                                                                +44 (0)20 3405 0205
 Rebecca Sanders-Hewett
 Will Merison

 

Notes to Editors

Somero Enterprises provides industry-leading concrete-levelling equipment,
training, education and support to customers in over 90 countries. The
Company's cutting-edge technology allows its customers to install high-quality
horizontal concrete floors faster, flatter and with fewer people. Somero®
equipment that incorporates laser-technology and wide-placement methods is
used to place and screed the concrete slab in all building types and has been
specified for use in a wide range of commercial construction projects for
numerous global blue-chip companies.

Somero pioneered the Laser Screed® market in 1986 and has maintained its
market-leading position by continuing to focus on bringing new products to
market and developing patent-protected proprietary designs. In addition to its
products, Somero offers customers unparalleled global service, technical
support, training and education, reflecting the Company's emphasis on helping
its customers achieve their business and profitability goals, a key
differentiator to its peers.

For more information, visit www.somero.com (http://www.somero.com)

 

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