Interims reflect a very strong comparative in H1 2022, with an overall decline driven by lower volumes in North America (-24%), partly offset by significant growth booked in Europe (+46%) and Australia (+33%). Some impediments including limited concrete availability, as previously flagged, tighter lending standards, effect of higher interest rates, and permitting delays held back conversion of some projects into sales. Management indicates no change to underlying market conditions, with a steady ....

31 Aug 2023
Somero Enterprises - Interim results – Board confident of achieving FY23 forecas

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Somero Enterprises - Interim results – Board confident of achieving FY23 forecas
Somero Enterprises, Inc. (SOM:LON) | 228 -5.7 (-1.1%) | Mkt Cap: 124.5m
- Published:
31 Aug 2023 -
Author:
David Buxton -
Pages:
11 -
Interims reflect a very strong comparative in H1 2022, with an overall decline driven by lower volumes in North America (-24%), partly offset by significant growth booked in Europe (+46%) and Australia (+33%). Some impediments including limited concrete availability, as previously flagged, tighter lending standards, effect of higher interest rates, and permitting delays held back conversion of some projects into sales. Management indicates no change to underlying market conditions, with a steady ....