Stock Market News
Senior order books 'strong' amid anticipated headwinds
(WebFG News) - Senior updated the market on its trading for the period since 1 January on Thursday, reporting that it had been in line with expectations.
The FTSE 250 high-technology components manufacturer was scheduled to hold its annual general meeting on Friday.
It said activity in the large commercial aircraft sector continued to be positive, partially offset by the decrease in military, as anticipated.
There continued 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 by the decrease in passenger vehicles, which was also expected.
Downstream oil and gas remained flat.
"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," the Senior board said in its statement.
"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 expected to continue to make progress as new programmes and products continued 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 will be announced on 30 July."
The FTSE 250 high-technology components manufacturer was scheduled to hold its annual general meeting on Friday.
It said activity in the large commercial aircraft sector continued to be positive, partially offset by the decrease in military, as anticipated.
There continued 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 by the decrease in passenger vehicles, which was also expected.
Downstream oil and gas remained flat.
"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," the Senior board said in its statement.
"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 expected to continue to make progress as new programmes and products continued 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 will be announced on 30 July."
Related share prices |
---|
Senior (SNR) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price