A mixed H1 with ongoing margin pressure in the Aerospace division and oil related challenges in Flexonics. Strong growth opportunities remain with existing commercial aerospace programme rates increasing as well as new programmes commencing. We feel that Senior is a high quality business which is currently facing more headwinds than usual, including currency which will affect performance in H2. We await the views of the new Chief Exec but expect to remain at Hold for now.
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Mixed H1
Senior plc (SNR:LON) | 161 2.6 1.0% | Mkt Cap: 676.5m
- Published:
27 Jul 2015 -
Author:
Jon Lienard -
Pages:
3
A mixed H1 with ongoing margin pressure in the Aerospace division and oil related challenges in Flexonics. Strong growth opportunities remain with existing commercial aerospace programme rates increasing as well as new programmes commencing. We feel that Senior is a high quality business which is currently facing more headwinds than usual, including currency which will affect performance in H2. We await the views of the new Chief Exec but expect to remain at Hold for now.