Trading Statement

RNS Number : 8036U

Somero Enterprises Inc.

03 January 2013

 



3 January 2013

Somero Enterprises, Inc ("Somero" or the "Company")

Trading Update

The strong trading environment Somero experienced earlier in 2012 has continued and the Company ended the year with a good performance in December. As a result, reported results for the year to 31 December 2012 are likely to be substantially ahead of current market expectations.

North America has continued to show strong growth in the second half, benefitting from continued growth in the commercial construction industry, the acceptance of the Company's new product, the S-840, and fleet replacement and expansion of large line equipment. Performance during the second half also benefitted from the Chinese business which remained strong reflecting Somero's investment in the region, and Russia which underwent substantial growth during the period resulting from a new in-country sales organization and acceptance of the S-840.

It is anticipated that the Company's preliminary results for the year ended 31 December 2012 will be published in mid-March 2013.

For further information, please contact:

Somero Enterprises, Inc   Jack Cooney, CEO Mike Niemela, CFO	Tel: [phone]
Canaccord Genuity Hawkpoint (Nominated Adviser) Chris Robinson	Tel: [phone]
Canaccord Genuity Limited (Broker) Piers Coombs Seb Jones	Tel: [phone]

 

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