Half-year results were in line with guidance with few surprises. Market conditions remain favourable – with solid growth seen in the US and substantial growth in Europe. The interim dividend saw a one-off doubling, as the dividend was rebalanced with greater weighting to the interim pay-out. We are comfortable with our existing forecasts and maintain our price target at 465p. We continue to see positive market momentum and strong cash generation, with the development of new products off
05 Sep 2018
Somero Enterprises - Interim results in line, with dividend doubled
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Somero Enterprises - Interim results in line, with dividend doubled
Somero Enterprises, Inc. (SOM:LON) | 338 8.4 0.7% | Mkt Cap: 187.0m
- Published:
05 Sep 2018 -
Author:
David Buxton -
Pages:
10
Half-year results were in line with guidance with few surprises. Market conditions remain favourable – with solid growth seen in the US and substantial growth in Europe. The interim dividend saw a one-off doubling, as the dividend was rebalanced with greater weighting to the interim pay-out. We are comfortable with our existing forecasts and maintain our price target at 465p. We continue to see positive market momentum and strong cash generation, with the development of new products off