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Somero Enterprises Inc ( (GB:SOM) ) just unveiled an announcement.
Somero Enterprises reported solid trading in the second half of 2024, driven by new product launches and improved weather conditions. The company expects to meet revenue expectations despite challenges like project delays and labor shortages in North America. The introduction of new products, including the S-940e electric screed, contributed significantly to revenue, and the company plans further international expansion. With a healthy outlook for 2025 in non-residential construction markets, Somero anticipates moderate improvements in trading.
More about Somero Enterprises Inc
Somero Enterprises Inc operates in the construction equipment industry, specializing in concrete leveling and finishing machinery. It focuses on innovative products like the electric screed and aims to expand its market presence in Europe and Australia.
YTD Price Performance: -6.92%
Average Trading Volume: 211,368
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £166.1M
For detailed information about SOM stock, go to TipRanks’ Stock Analysis page.
