3rd Nov 2020 13:38
Senior PLC - Hertfordshire-based manufacturing and engineering firm - Affirms that low levels of activity likely to be seen in key markets for rest of 2020. Says Aerospace unit sales in nine-months ended September down 36% annually, while in Flexonics, sales down 27%. Expects annual restructuring charge of GBP37 million after "additional restructuring activities". Says 2020 savings still expected to be GBP35 million, rising to GBP50 million in annualised savings by 2022.
Current stock price: 55.65 pence
Year-to-date change: down 68%
By Eric Cunha; [email protected]
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