Senior Forecasts Strong Second Half as Demand Increases Written 1 August 2023

Reuters reports that Senior “forecast a strong second half of the year on Monday, after adjusted profits for the first six months doubled, propelled by easing supply chain issues in its aircraft parts business and strong demand in the auto and power unit.” Customers for the engineering firm include The Boeing Company and Airbus, with Senior “benefiting from planemakers ramping up production to meet booming air travel demand.” First half adjusted profits for Senior “doubled to 17.6 million pounds ($22.62 million) on a reported basis.” A statement from the company read, “Planned aircraft build rate increases should lead to higher sales in H2 with supply chain challenges enduring but anticipated to be less severe towards the end of the year.”
Full Story (Reuters)