The H1 update highlights that some headwinds have continued to affect trading. These headwinds have particularly affected trading in Somero’s key US markets, where the pace of project demand has been slower than expected, affected by customer concerns about tariffs, restrictive immigration and elevated interest rates. Cost mitigation actions are under way with a further $3.0m annualised cost reductions, taking the total since April to $6.0m pa. Management has reduced FY25E guidance, with revenue ....
