14th Jan 2021 12:48
Senior PLC - Hertfordshire-based manufacturing and engineering firm - Expects adjusted pretax loss for 2020 to be smaller than previous forecasts due to performance in the fourth quarter being slightly ahead of previous expectations. Says full year revenue is likely to be around GBP733 million. Revenue in 2019 was GBP1.11 billion and adjusted pretax profit was GBP78.5 million. By division, for 2020, Senior expects Aerospace sales to be around 37% lower year-on-year due to the negative impact of Covid-19 and the grounding Boeing Co's 737 MAX jet, for which Senior is a supplier. In Flexonics, Senior expects sales to be around 24% lower.
Current stock price: 94.45 pence
Year-to-date change: up 5.8%
By Ife Taiwo; [email protected]
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