Senior PLC Trading Update (8847T)
RNS Number : 8847T
20 November 2023
Senior plc: Trading Update
Trading in line with expectations. Full year outlook
Senior plc ("Senior", "Company" or the "Group"), an
international manufacturer of high technology components and
systems, principally for the worldwide aerospace & defence,
land vehicle and power & energy markets, today issues this
trading update for the ten-month period ended October 2023 (the
-- Trading in the Period in line with expectations
-- Robust market demand underpinning strong growth
-- Full year 2023 outlook maintained, with strong growth anticipated
for the Group
Overall, trading in the Period has been positive and in line
with expectations with Group revenue growing 15% year-on-year on a
constant currency basis, underpinned by a healthy book-to-bill
ratio of 1.20.
Both our Aerospace and Flexonics divisions contributed to the
year-on-year improvement, reflecting the strength in our core
markets and our positioning on key growth platforms across both
divisions. The Group benefitted from robust growth in commercial
aerospace, land vehicle and power & energy markets.
Overall, the Board's expectations of strong growth for the Group
in 2023 are unchanged.
We expect to see strong year-on-year growth in the Flexonics
division in 2023, though we remain mindful of market commentary
around some markets moderating in 2024.
Our Aerospace division sales are also expected to see good
year-on-year growth in 2023 and we continue to expect Aerospace
performance to improve in 2024 and beyond as supply chain
challenges dissipate and production rates increase.
Group Finance Director, Senior +44 (0) 1923 714
Bindi Foyle plc 725
Director of Investor Relations, +44 (0) 1923 714
Gulshen Patel Senior plc 722
+44 (0) 7796 708
Richard Webster-Smith FGS Global 551
Senior is a FTSE 250 international manufacturing Group with
operations in 12 countries. It is listed on the main market of the
London Stock Exchange (symbol SNR). Senior's Purpose is "we help
engineer the transition to a sustainable world for the benefit of
all our stakeholders." Senior designs and manufactures high
technology components and systems for the principal original
equipment producers in the worldwide aerospace & defence, land
vehicle and power & energy markets.
Further information on Senior plc may be found at:
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.
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