Senior Plc

Senior running out of steam as road and oil & gas markets stutter

Shares lost around one-sixth of their value as the company warned hard times for its Flexonics division would hit full-year results

The weaker weaker truck and off-highway market is taking its toll

Engineer Senior PLC (LON:SNR) slumped 16% in early deals on the back of a profit warning.

“Whilst the board anticipates some improvement in the fourth quarter over the third quarter, the group's performance for the full year 2016 is expected to be lower than previously anticipated,” it told investors.

Adjusted profit before tax in the first nine months of 2017 fell 18% to £58.6mln from £71.6mln the year before.

Underlying group revenue from organic operations was down 4% on a constant currency basis as growth from the Aerospace Division (up 2%) was offset by lower Flexonics revenue (down 18%) due to weaker truck and off-highway, and oil and gas markets.

The group said that despite the challenging markets in which it operated, the Flexonics division, which makes engine & exhaust flex tubes & bellows, had continued to secure positions on new programmes and platforms, which bodes well for when markets recover.

Quick facts: Senior Plc

Price: £2.02

Market: LSE
Market Cap: £845.55 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Sarama Resources is well funded with an interesting project...

Sarama Resources (CVE: SWA) CEO Andrew Dinning sat down with Steve Darling from Proactive Vancouver to discuss the company and its' 100% owned South Houndé Project which is located situated in the prolific Houndé Belt. Dinning talked about the work that has been done there in the past and...

6 hours, 5 minutes ago


Holding(s) in Company

3 days, 15 hours ago

Holding(s) in Company

6 days, 17 hours ago

Holding(s) in Company

1 week, 1 day ago

Block listing Interim Review

2 weeks, 3 days ago

Half-year Report

on 08/05/2019

Holding(s) in Company

on 07/18/2019

2 min read