Somero trading in line with expectations

17th Jun 2024 09:07

(Sharecast News) - Somero Enterprises said in an update on Monday that trading for the first five months of 2024 was consistent with expectations.

The AIM-traded firm, which was set to hold its annual general meeting this week, said that reflected the stable health of the non-residential construction market.

In light of that steady performance, the board said it expected revenue, profitability, and cash generation to align with the full-year guidance issued in the final 2023 results on 5 March.

The board said it would provide a more comprehensive trading update for the first half in July.

At 0909 BST, shares in Somero Enterprises were down 3.17% at 341.34p.

Reporting by Josh White for Sharecast.com.