Somero trading buoyant on 'healthy' construction market

Laser concrete screeding technology developer Somero Enterprises said in an update on Monday that in the five months through May, the non-residential construction market had remained “healthy”.

The AIM-traded firm, which was preparing to hold its annual general meeting at its Fort Myers, Florida head office on Tuesday, said that as a result, its trading had been “tracking well”.

“Consequently, the board expects revenue, profitability, and cash generation to be in line with the full year ending 31 December guidance provided in the 9 March final 2021 results statement,” the board said in its statement.

Somero said it would provide a more detailed update covering the first six months of 2022 in July.

At 1421 BST, shares in Somero Enterprises were down 2.63% at 370p.

Reporting by Josh White at Sharecast.com.