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Investegate |Somero Enterprises Announcements | Somero Enterprises: Trading Update


Strong finish to 2020 significantly exceeding previous guidance driven by healthy North American market
Somero® provides the following update on trading for the financial year ended 31 December 2020 (the Period ).
The Board is pleased to report that with strong, profitable trading in the fourth quarter, and in particular December, that exceeded the Board s previous expectations, revenues for the six-month period ended 31 December 2020 significantly increased from H1 2020 and surpassed revenues reported pre-pandemic in H2 2019, driven by robust trading activity in the Company s largest market, North America. 
As a result, the Board is pleased to report that it now expects to report revenue of approximately US $88.0m for the Period, significantly ahead of market expectations of US$ 80.0m, and annual adjusted EBITDA of approximately US$ 26.0m, also significantly ahead of market expectations of US$ 21.0m. These estimates remain subject to any a ....

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