Senior trading in line with expectations, sees aerospace pick up in second half – DIGITALLOOK

206.50 -0.43%-0.90 Max: 215.20 Min: 205.90 Volume: 465,999 MM 200 : n/a 10:50 20/04/17 19,360.88 -0.29%-56.88 Max: 19,450.05 Min: 19,353.02 Volume: 0 MM 200 : n/a 10:50 20/04/17 4,986.91 -0.72%-36.38 Max: 5,030.07 Min: 4,975.84 Volume: 0 MM 200 : n/a 10:50 20/04/17 3,960.37 -0.16%-6.30 Max: 3,973.73 Min: 3,957.27 Volume: 0 MM 200 : n/a 10:50 20/04/17 3,908.58 -0.15%-5.92 Max: 3,921.40 Min: 3,905.67 Volume: 0 MM 200 : n/a 10:50 20/04/17

Technology components maker Senior said current year trading was in line with expectations and expected results to be weighted towards the second half weighted with a pick up in the aerospace division.

The FTSE 250 company expected the first half to be affected by the transition from more mature aerospace programmes to new airframe and engine products.

Senior said the improved profit from the aerospace divisions would be due to increasing revenues and operational improvements following a focus on cost reduction.

It added that there had been an increase in work on large commercial aircraft activity, the group’s most important market in the aerospace division, since January which offset the expected fall in regional, business jets and military activity.

Production volumes on the new programmes such as the Airbus A320neo and A350 were ramped up, while volumes on mature programmes such as A320ceo, A380 and 777 reduced as expected.

The flexonics division benefited from strong industrial aftermarket demand, however the company said that underlying

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