Results were slightly above recently upgraded expectations, with a stronger than expected H2. Strong sales growth was gained in the US, with ongoing demand in its construction customer base. New products provided a boost to sales, while the recently launched SkyScreed®25 will accelerate sales prospects in the medium term. A strong cash performance supports the exceptionally strong underlying and supplemental dividend growth. No change to 2019 PBT forecasts, with the year having started we
13 Mar 2019
Somero Enterprises - Full-year results – eye-catching dividend pay-out
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Somero Enterprises - Full-year results – eye-catching dividend pay-out
Somero Enterprises, Inc. (SOM:LON) | 335 10 0.9% | Mkt Cap: 184.7m
- Published:
13 Mar 2019 -
Author:
David Buxton -
Pages:
8
Results were slightly above recently upgraded expectations, with a stronger than expected H2. Strong sales growth was gained in the US, with ongoing demand in its construction customer base. New products provided a boost to sales, while the recently launched SkyScreed®25 will accelerate sales prospects in the medium term. A strong cash performance supports the exceptionally strong underlying and supplemental dividend growth. No change to 2019 PBT forecasts, with the year having started we