|
Senior PLC on Monday said its outlook for the full year was unchanged, backed by growth in its Aerospace and Flexonics divisions. The Hertfordshire, England-based engineering firm said pretax profit rose 28% to £22.8 million in the half year to June 30 from £17.8 million a year prior. Revenue increased 2.6% to £371.2 million from £361.7 million a year ago, or by 5% at constant currency. Basic earnings per share grew 34% to 5.07 pence from 4.69p, while the interim dividend was boosted 13% to 0.85p per share from 0.75p. ‘For our continuing business, our Aerospace division sales and profitability have grown, with good performance in the first half of the year. Our outlook for the full year is unchanged,’ said Chief Executive David Squires. In addition, Squires said Flexonics delivered a strong set of results, outperforming end markets, with a full-year outcome expected to be ‘broadly similar to 2024.’ ‘Overall, on a constant currency basis, the board’s expectations for the continuing group for the full year are unchanged,’ Squires added. In July, Senior said it had agreed to sell its Aerostructures division to Sullivan Street Partners, a London-based mid-market buyout firm, for a total enterprise value of up to £200 million. The transaction is expected to complete by the end of 2025. Shares in Senior fell 3.8% to 186.60 pence each in London on Monday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
