Somero will release their H1 19 results next Wednesday where we forecast group revenues to come in at $41.1m (down 8.7% y/y) – of which we estimate $26.6m will arise from North America (down 12.7% y/y) – and group EBITDA of $11.5m. We expect commentary around the health of US non-res construction markets to be a key area of focus given our stated concerns around downside risks. We retain our Neutral recommendation and 275p PT.
30 Aug 2019
H1 19 interims preview – North America outlook will SOM.L Current Price: 283.0p be key focus
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H1 19 interims preview – North America outlook will SOM.L Current Price: 283.0p be key focus
Somero Enterprises, Inc. (SOM:LON) | 335 0 0.0% | Mkt Cap: 184.7m
- Published:
30 Aug 2019 -
Author:
Kunal Walia -
Pages:
6
Somero will release their H1 19 results next Wednesday where we forecast group revenues to come in at $41.1m (down 8.7% y/y) – of which we estimate $26.6m will arise from North America (down 12.7% y/y) – and group EBITDA of $11.5m. We expect commentary around the health of US non-res construction markets to be a key area of focus given our stated concerns around downside risks. We retain our Neutral recommendation and 275p PT.