Senior plc - Q1 Trading Update
Q1 revenue up 2.5% with strong aerospace growth; full year expected comfortably ahead of previous guidance.
vs expectations: above previous board expectations
- Group revenue growth (constant currency) 2.5%
- Aerospace revenue growth 9.7%
- Flexonics revenue change -6.2%
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Senior plc ("Senior" or the "Group"), an international manufacturer of high technology components and systems, today issues this trading update for the first quarter ended March 2026 (the "Period").
Good start to 2026, full year performance anticipated to be above the Board's previous expectations
| • | Strong performance in Aerospace, sustaining the good momentum from 2025 |
| • | Flexonics performed ahead of expectations, helped by better than expected demand in land vehicles |
| • | Full year 2026 trading performance expected to be comfortably better than the Board's previous expectations |
Trading Update and Outlook
Good trading performance in the first quarter of 2026.
Group revenue increased by 2.5% compared to prior year on a constant currency basis.
| • | Aerospace revenue increased by 9.7% driven by good growth across civil aerospace, including large commercial, regional and business jets, as well as strong defence demand. |
| • | Flexonics revenue decreased by 6.2% mainly due, as anticipated, to lower petrochemical sales compared to the prior year, which benefitted from the large India CATOFIN project. Overall, Flexonics trading is better than previously expected due to higher than anticipated demand for land vehicle products. |
Whilst we remain mindful of current geopolitical and macroeconomic conditions, based on the strong Aerospace performance and better than expected trading in Flexonics the Board now expects full year 2026 trading performance to be comfortably ahead of its previous expectations.
Half year results
Senior will present its interim results announcement for the half year ending 30 June 2026 on Monday 3 August 2026.
Notes
The Group's principal foreign exchange translation exposure is to the US Dollar. Our current assumption is that the average US Dollar to Pound Sterling exchange rate for the full year 2026 is $1.35.
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