Senior PLC Trading Statement (1483M)
April 26 2018 - 2:00AM
UK Regulatory
TIDMSNR
RNS Number : 1483M
Senior PLC
26 April 2018
Trading Update
Ahead of its Annual General Meeting on Friday 27 April, Senior
plc ("Senior" or "the Group"), an international manufacturer of
high technology components and systems, principally for the
worldwide aerospace, defence, land vehicle and energy markets,
issues this trading update for the period since 1 January 2018 (the
"Period").
Markets & Divisions
Trading in the Period has been in line with expectations.
Activity in the large commercial aircraft sector continued to be
positive, partially offset, as anticipated, by the decrease in
military. There continues to be a ramp up of production volumes on
the newer programmes such as the 737 MAX, A320neo, A350 and C
Series.
Trading in the Flexonics Division benefited from growth in the
truck, off-highway and upstream oil and gas markets, partially
offset, as expected, by the decrease in passenger vehicles.
Downstream oil and gas remained flat.
Outlook
Order books across most of our businesses remain strong and we
expect to see improved performance in both divisions consistent
with the position set out in the announcement of 26 February 2018.
Overall, at current exchange rates, the Board expects good progress
to be made in 2018 with performance slightly weighted to the second
half.
Looking further ahead, Senior expects to continue to make
progress as new programmes and products continue to ramp up, and as
the benefits of the implementation of the Senior Operating System
and cost saving actions continue to be delivered.
The results for the six-month period to 30 June 2018 will be
announced on Monday 30 July 2018.
Conference Call
There will be a call for investors and analysts at 8.30am BST
today. The dial-in details are as follows:
International access number: +44 (0)20 3003 2666
UK toll free number: 0808 109 0700
Password: Senior
Further information
Group Finance Director, +44 (0) 1923
Bindi Foyle Senior plc 714 725
Gulshen Director of Investor +44 (0) 1923
Patel Relations, Senior plc 714 722
+44 (0) 20 7251
Philip Walters Finsbury 3801
About Senior
Senior is an international manufacturing group with operations
in 14 countries. It is listed on the main market of the London
Stock Exchange (symbol SNR). Senior designs, manufactures and
markets high technology components and systems for the principal
original equipment producers in the worldwide aerospace, defence,
land vehicle and energy markets. Further information on Senior plc
may be found at: www.seniorplc.com
Cautionary Statement
This announcement contains certain forward-looking statements.
Such statements are made by the Directors in good faith, based on
the information available to them at the time of the announcement,
and they should be treated with caution due to the inherent
uncertainties underlying any such forward-looking information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTFMGZDVKMGRZM
(END) Dow Jones Newswires
April 26, 2018 02:00 ET (06:00 GMT)
Senior (LSE:SNR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Senior (LSE:SNR)
Historical Stock Chart
From Jul 2023 to Jul 2024