Further to its 7 December update, the group has posted a positive trading report, highlighting a better-than-expected profit and cash performance, driven by strong H2 trading in December, with North America, Europe and Australia all performing robustly. We raise our FY21 EPS forecast by 6.9%, and lift our dividend forecast by 9.2%. The outlook remains positive with a slightly greater investment in NPD supporting longer-term growth resulting in FY22 EBITDA similar to that of FY21. We raise our Ta ....
26 Jan 2022
Somero Enterprises - Post year-end trading update – further 7% EPS upgrade
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Somero Enterprises - Post year-end trading update – further 7% EPS upgrade
Somero Enterprises, Inc. (SOM:LON) | 335 0 0.0% | Mkt Cap: 184.7m
- Published:
26 Jan 2022 -
Author:
David Buxton -
Pages:
5
Further to its 7 December update, the group has posted a positive trading report, highlighting a better-than-expected profit and cash performance, driven by strong H2 trading in December, with North America, Europe and Australia all performing robustly. We raise our FY21 EPS forecast by 6.9%, and lift our dividend forecast by 9.2%. The outlook remains positive with a slightly greater investment in NPD supporting longer-term growth resulting in FY22 EBITDA similar to that of FY21. We raise our Ta ....