Following a budget review, Somero Enterprises, Inc
(the "Company") is pleased to announce that
trading in the first quarter of 2012 has been
significantly ahead of expectations. As a result, for the
full year ending December 2012, the Board now believes
revenues are likely to be some 15% ahead of current
market expectations.
The Board believes the strong demand for
Somero's products has been driven in equal part
firstly by unusually benign weather conditions in the
Company's main markets during the early months of
the year, and secondly by an upturn in underlying
demand, in particular for Somero's new small line
machine, the S-840 and by continuing strong sales of
parts.
If demand continues during the second quarter of
the financial year, the Company is planning to add some
costs in training, marketing and sales initiatives to
take full advantage of a stronger sales environment.
However, the anticipated increase in revenues should
help drive the Company's operating margins and
profitability, with the result that the Board's
updated budget for the year ending December 2012 now
estimates Somero's EBITDA will be approximately
double the level of current market forecasts.
Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring and placing equipment, related parts and accessories, and training services around the world. Its products are machinery used in the process of horizontal concrete placement. Its product categories include Lightweight Screeds, Ride-on Laser Concrete Screeds, Boom Screeds, Skyline Stationary Laser Screeds, Materials Placement, and Software Packages. Its Lightweight Screeds include Mini Screed C and CopperHead XD 3.0. Its Ride-on Laser Concrete Screeds consist of S-485 Laser Screed and S-940 Laser Screed. Its Boom Screeds include S-28EZ Laser Screed, S-PS50 Laser Screed, and others. Its Skyline Stationary Laser Screeds consist of SkyScreed 36 (SkyStrip). Its Materials Placement includes Broom + Cure Machine, Somero LineDragon, and STS-11M Topping Spreader. Its software packaging includes 3-D Concrete Profiler System, SiteShape System, and Somero Floor Levelness System.
SOMERO ENTERPRISES, INC. 
By 
