Somero Enterprises Inc - Fort Myers, Florida-based laser-guided machinery concrete levelling - Says trading in first half ended higher than the comparable period in 2021, driven by positive momentum from a highly active US non-residential construction market, healthy market conditions and elevated activity levels in the European and Australian markets. Looking ahead, it continues to anticipate healthy trading to continue in second half of 2022. As such, 2022 results are anticipated to fall in line with market expectations for revenue of approximately $138.8 million, earnings before interest, tax, depreciation, and amortization of $47.7 million, and year-end cash of approximately $39.9 million.

Current stock price: 388.00 pence

12-month change: down 9.8%

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