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Somero

March 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SOM
  • Price:
  • 430p
Having been sure footed for so long, Somero said it expected full year revenue to be slightly lower than expected at US$134m (guidance: US$138m). This is virtually unchanged on FY’21 but still 52% higher than ’20 and reflects some customer supply constraints, notably inconsistent availability of concrete, which Somero levels into a flat surface with its specialist kit.  North America bore the brunt with trading slightly down from FY'21’s record US$106.7m, while the much smaller Europe (+20%) and Australia (+40%) regions made good progress.  FinnCap has reduced pretax profit forecasts by 3.4% to US$44.6m and eps by 3.7 cents to 60.4 cents (49.9p). For FY’23 it reduced pretax profit by almost 7% to US$4.3m for eps of 55.9 cen ...

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