As we said in March, the impact of US heavy truck, off-highway and Industrial markets have been overshadowing the growing potential of the Aerospace business, now accounting for c.75% of operating profit. Today’s update confirms that the Flexonics end markets remain tough but that Aerospace is progressing as hoped. With increasing content on the major new commercial aircraft programmes, Senior is well placed to benefit over the next 5 to 10 years. A recovery in Flexonics markets would be a bonus ....
21 Apr 2016
Expectations unchanged
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Expectations unchanged
Senior plc (SNR:LON) | 161 -5.2 (-1.9%) | Mkt Cap: 676.9m
- Published:
21 Apr 2016 -
Author:
Jon Lienard -
Pages:
3
As we said in March, the impact of US heavy truck, off-highway and Industrial markets have been overshadowing the growing potential of the Aerospace business, now accounting for c.75% of operating profit. Today’s update confirms that the Flexonics end markets remain tough but that Aerospace is progressing as hoped. With increasing content on the major new commercial aircraft programmes, Senior is well placed to benefit over the next 5 to 10 years. A recovery in Flexonics markets would be a bonus ....