Somero Enterprises: Quality and dividend
FY 2024
Short description
Somero Enterprises manufactures laser-guided machines that enable the installation of perfectly level concrete floors in buildings. These machines, known as Screeds, come in various sizes and weights, ranging from small, hand-operated models to ride-on machines. There are also remotely controlled models that can, if needed, pour concrete in the right place.
Somero is an American company listed on the AIM market in London, a platform known for growth companies.
Somero's machines are used to level concrete floors in various environments, including warehouses, factories, parking garages, shopping centers, schools, and hospitals. Recently, the company introduced the Skyscreed series, specifically designed for high-rise construction.
Somero’s machines offer significant advantages to their customers, particularly builders. They operate faster and more precisely while requiring less labor, leading to increased productivity and profitability.
Why we selected Somero
The strongest argument for further growth, in my view, is that using Somero's machines significantly reduces the need for manual labor while delivering a superior result.
Finding skilled workers in the construction industry is a global challenge. In my opinion, this is the key selling point for their machines.
The fact that these machines also produce much better results makes this a win for Somero, a win for its customers, and, indirectly, a win for their customers’ clients.