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Somero Enterprises (SOM) investor relations material
Somero Enterprises H1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported better-than-expected trading for H1 2026, driven by stabilization in US private non-residential construction and improved customer activity.
Demand for large-line Boom Screeds rebounded after a three-year decline, aided by new product launches (S-22EZ+ and S-15EZ).
Hammerhead Ride-on Screed, launched in July 2025, continues to attract new customers and support revenue growth.
Financial highlights
H1 2026 trading in North America showed significant improvement compared to H1 2025, which was subdued by macroeconomic disruption.
Trading in Europe was ahead of H1 2025 despite ongoing headwinds; Australia saw moderate year-on-year improvement.
Rest of World segment expected to be broadly comparable with H1 2025.
Parts and service revenue expected to be comparable with prior year.
Outlook and guidance
FY 2026 revenue now expected to be ahead of market expectations ($86.0m revenue, $15.9m adjusted EBITDA, $13.5m adjusted PBT).
Profit and operating cash generation anticipated to improve commensurately.
Management remains cautious due to ongoing macroeconomic and geopolitical uncertainty.
- 2024 revenue declined 9.6% as North America and Australia softened, but 2025 growth is expected.SOM
H2 20248 Jul 2026 - Major resolutions failed to pass, triggering a governance review and board refresh commitment.SOM
AGM 202617 Jun 2026 - Revenue fell 19%, but innovation and cost actions supported margins and cash flow.SOM
H2 202517 Mar 2026 - All resolutions passed, with leadership reaffirming commitment to innovation and partnership.SOM
AGM 20253 Feb 2026 - All resolutions passed, directors re-elected, and key shareholder questions addressed.SOM
AGM 20243 Feb 2026 - H2 2025 saw improved trading and new product traction, but FY 2025 revenue fell to $88.9m.SOM
H2 2025 TU29 Jan 2026 - Revenue fell 12% and profits declined, but new products and strong liquidity support H2 growth.SOM
H1 202420 Jan 2026 - Revenue down 23% and EBITDA down 48%, but guidance and new products drive optimism.SOM
H1 202516 Sep 2025 - FY 2024 revenue and EBITDA guidance cut; cost controls and workforce reduction implemented.SOM
Trading Update13 Jun 2025
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