Senior profits ahead of expectations
Senior plc, which manufactures of high tech components and systems for the aerospace, defence, land vehicle and energy markets, said yesterday (15 December) that profits would be slightly ahead of expectations in October and November thanks to a better than anticipated product mix for its Flexonics Division.
In a trading statement ahead of its 2010 year end in December, Senior said visibility for its aerospace division, which represented nearly 60% of group sales in the first half of the year, was good. The market for large commercial aircraft had continued to strengthen, with Boeing and Airbus announcing improved order in-take and increased build rates for many of their aircraft, and the Senior's main military programmes remained strong. However, the regional and business jet markets were showing few signs of improvement.
Profit for the full year 2010 is anticipated to be slightly above the top end of current market expectations.
