Jan 22 (Reuters) - British engineering firm Senior Plc forecast annual profit ahead of its previous expectations on Thursday, citing a stronger-than-expected performance in its aerospace business. (
Senior Upgrades Annual Profit Forecast Again, Driven by Aerospace Growth
Senior's Profit Outlook and Business Performance
Jan 22 (Reuters) - British engineering firm Senior raised its annual profit outlook for the second time in two months on Thursday, citing a stronger-than-expected performance in its aerospace business, sending its shares to a more than seven-year high.
Shares of the company were up 8.3% at 247 pence, as of 0809 GMT, hitting their highest point since November 2018.
Senior, which supplies parts to aircraft makers Boeing and Airbus, has benefitted from increased production of commercial aircraft along with higher defence spending and better pricing.
Aerospace Business Performance
The company did not provide a forecast, only to say that its outlook was "comfortably above previous expectations".
Analysts on average expect an adjusted pretax profit of 44.7 million pounds ($60.03 million) for the year ended December 2025, according to LSEG data. Senior had reported a profit of 33 million pounds for the previous year.
Cost Management in Flexonics Division
In November, the FTSE-250 company had said full-year profit would be ahead of expectations on robust sales in its Aerospace and Flexonics divisions.
Senior said on Thursday trading in 2026 had started well.
The company has taken significant action and reduced its cost base for some operations at Flexonics, which focuses on fluid conveyance and thermal management technologies, in demanding industrial environments.
($1 = 0.7446 pounds)
(Reporting by Yadarisa Shabong and Rishab Shaju in Bengaluru; Editing by Subhranshu Sahu)
