Senior lifts 2026 outlook on "improved" Aerospace, Flexonics trading
(Alliance News) - Senior PLC on Wednesday raised annual guidance, hailing continued "positive momentum".
The Hertfordshire, England-based components and systems manufacturer said both its Aerospace and Flexonics divisions are "contributing to the improved trading".
The Aerospace arm provides products and systems for the aerospace, defence and adjacent markets. Flexonics serves land vehicle, power & energy and other markets.
Senior now expects its 2026 performance to top prior expectations, set out in April. Back in April, it predicted results "comfortably ahead of its previous expectations".
In its March full-year results, it predicted "further good progress" for Aerospace in 2026, while expecting to maintain "robust double-digit margins" for Flexonics.
Analysts at Panmure Liberum said the new guidance suggests an adjusted pretax profit of around GBP59 million, around 4% above the broker's current estimate.
In 2025, revenue from continuing operations rose 4.4% to GBP738.2 million in 2025 from GBP707.4 million a year earlier, or 6% at constant currency. Pretax profit fell 8.8% to GBP34.1 million from GBP37.4 million, however, adjusted pretax profit from continuing operations increased 21% to GBP51.2 million from GBP42.2 million.
Aerospace revenue rose 10% last year, while in the Flexonics division, it edged up 0.1%. The adjusted operating margin at Aerospace rose to 11.4% from 9.5%, while at Flexonics it rose to 11.2% from 11.0%.
Senior releases results for the half-year to June 30 on August 3.
Shares in the company were flat at 288.50 pence each in London on Wednesday morning.
By Eric Cunha, Alliance News news editor
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