18th Jun 2007 07:00
Senior PLC18 June 2007 Senior plc Pre Close Period Statement Senior plc, an international manufacturer of high technology components andsystems, principally for the aerospace, diesel-engine and energy markets, issuesthis trading update for the six month period to 30 June 2007. Overall trading has been very healthy, particularly for the aerospace markets.Consequently, the Group's adjusted profit before tax for the first half of 2007is anticipated to be ahead of the Board's previous expectations. This isdespite the adverse translation effect of the weaker US $. Strong markets, operational improvements and the contribution, for the fullperiod, of the two acquisitions made during 2006 mean operating profits for theAerospace Division are expected to be significantly higher for the first sixmonths of 2007 than in 2006. Overall aerospace demand is good and futureprospects for the Aerospace Division remain healthy with Boeing, Airbus and theengine builders continuing to increase build rates. In addition, orders for thenew Boeing 787, on which the Group has significant content, are at a higherlevel than for any previous aircraft at the same stage of development. The 787is expected to fly for the first time later this year. The business jet marketis healthy and the military and regional jet markets remain stable. In the Flexonics Division, the new heavy duty diesel engine products are all inproduction with the volumes delivered ramping up during the first six months ofthe year. The Division's automotive markets have generally remained flat andcompetitive and material prices have continued to increase. On the other hand,the power generation, chemical processing and oil and gas markets have been verystrong, helping to improve the expected operating profit and margin of theDivision. Looking ahead, the prospects for Senior remain encouraging. The results for the first six months of 2007 will be announced on Thursday 2August 2007. For further information please contact: Senior plcGraham Menzies, Group Chief Executive 01923 714702Mark Rollins, Group Finance Director 01923 714738 Finsbury GroupAdrian Howard 020 7251 3801 This announcement, together with other information on Senior plc may be foundat: www.seniorplc.com Note to Editors: Senior is an international manufacturing group with operations in 11 countries.Senior designs, manufactures and markets high technology components and systemsfor the principal original equipment producers in the worldwide civil aerospace,defence, diesel engine, exhaust system and energy markets. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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