Ahead of its AGM, Somero’s trading update covering the first five months to 31 May confirms existing guidance on revenue, profit and cash generation. The non-residential construction market has performed as expected with the second half expected to provide the benefit of seasonal trading improvements and new product contributions. As such we make no change to our existing forecasts. Our price target also remains at 400p, offering significant upside to current levels, trading on an attractive FY2 ....
