This equity report is written by master-students Laura Christoffel and Vili Korpela, and the report evaluates Somero. This is the first report for the semester from our International Team. If you want to get in touch with the analysts, or if you have any questions regarding the report, please send an email to:

Globally present with sales offices  in North America, Europe, Asia, Middle East and Latin America. Present in China, and entry level expansion plans  to India. Asian markets pose an enormous potential in terms of concrete usage as China’s cement consumption accounts for 57.5% of total world consumption

Sales increasing globally FY15 led by North America 32%, Europe 58%, Middle East 238%. Restructuring of operations resulted in an improved gross margin of 55,8% (54.0%)

Competitive position strong due to minimal competition and differentiated business model of unparalleled level of service, education and training

Dividend payments increased three consecutive years Yields 3.95%, 2.97%, and 1.19% in 2015, 2014, and 2013 respectively

No debt creates flexibility and security as it enables capability of financing future investments and to go smoothly through cycles within the industry.

On their way to double revenues by 2018 as outlined in the strategy of 2013 (£56.6m from £28.8m). The senior management appears confident as revenues reached £27.7m in the first half of 2016


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