Somero Enterprises eyes profitable growth in 2017

Somero Enterprises said due to a strong finish to 2016, an continued margin improvement, the company expects to report revenue slightly ahead of current market expectations and to report EBITDA comfortably ahead of current market expectations for the full year.

In the six months since 30 June 2016, the Company continued to deliver profitable growth and cash generation, it said.

In addition, given the strong cash generation of the business, the Company expects to report net cash as of 31 December 2016 that is significantly ahead of market expectations.