Senior shares jump as lifts outlook again amid strong Aerospace trade
Senior PLC on Thursday said it expects full year adjusted pretax profit to be ‘comfortably above previous expectations,’ boosting guidance for the second time in three months.
The Hertfordshire, England-based maker of components and systems for aerospace and defence, land vehicle, and power and energy customers said trading since the November update has been ‘stronger than expected trading, notably in Aerospace.’
In November, Senior had given a similarly bullish update, again pointing to full year performance ‘comfortably above’ previous expectations.
Analysts put consensus for adjusted pretax profit for the financial year ending December at around £43 million, ahead of Thursday’s update, compared to £33.0 million reported in 2024.
In response, shares in Senior climbed 9.0% to 248.50 pence each in London on Thursday morning.
Since November, Senior said it has reduced its cost base in certain Flexonics operations with the related restructuring costs to be treated as adjusting items and included in full year results.
In addition, Senior said trading in January has started well.
Results for the financial year ending December will be released on March 2.
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