02:00 Fri 31 Jan 2020
Senior PLC - Market Update - Impact of 737 MAX and 2019 trading
Market Update - Impact of 737 MAX and 2019 trading
On
While the 737 MAX return to service and Boeing's production restart dates are not yet clear, the Group has been having ongoing dialogue with its customers. It is now evident that the 737 MAX build-rate and pace of production ramp up will be below the Board's assumptions at the time of our Trading Update on
In our Trading Update on
For the full year 2019, subject to audit, Group revenue is expected to be in line with expectations and adjusted earnings per share(1) are now expected to be ahead of the Board's previous expectations due to one-off benefits from lower central costs and a reduction in the effective tax rate. The Group continues to generate healthy cash flows and the overall financial position remains strong.
The 2019 full year results will be announced on Monday
Notes
(1) Adjusted earnings per share is before amortisation of intangible assets from acquisitions, loss on disposals and other adjusting items including restructuring costs, all net of tax.
This announcement contains inside information.
Further information
|
Director of Investor Relations, |
+44 (0) 1923 714 722 |
|
Group Finance Director, |
+44 (0) 1923 714 725 |
|
Finsbury |
+44 (0) 20 7251 3801 |
About Senior
Senior is an international manufacturing group with operations in 13 countries. It is listed on the main market of the
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This announcement contains certain forward-looking statements. Such statements are made by the Directors in good faith, based on the information available to them at the time of the announcement, and they should be treated with caution due to the inherent uncertainties underlying any such forward-looking information.
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