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Senior PLC said on Wednesday that trading in the first quarter of 2022 has gone as planned, and as a result the manufacturer affirmed its outlook for the year.
The Rickmansworth, England-based manufacturing company said trading in the first quarter of 2022 was in line with expectations, with revenue growing 12% annually.
It explained that the Aerospace division saw improved activity in civil aerospace and business jet programmes, which in turn drove the division's growth.
Flexonics, Senior continued, benefited from growth in the truck, off-highway and energy markets.
Senior said its core markets were improving as expected and that the company anticipates this trend to continue into 2022 and beyond.
The manufacturer noted supply chain constraints and inflationary pressures, however, though it added these were being managed ‘diligently’.
As a result, the company's outlook for 2022 remains unchanged. It expects a return on capital employed of 13.5% for the year ahead.
Shares in Senior were up 2.7% at 131.40 pence each on Wednesday morning in London.
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