REG - Senior PLC - Trading Update

SeniorAnnouncement

20/11/2023 07:00

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RNS Number : 8847T  Senior PLC  20 November 2023

Senior plc: Trading Update

Trading in line with expectations. Full year outlook maintained

Senior plc ("Senior", "Company" or the "Group"), an international manufacturer
of high technology components and systems, principally for the worldwide
aerospace & defence, land vehicle and power & energy markets, today
issues this trading update for the ten-month period ended October 2023 (the
"Period").

Key points

 ●    Trading in the Period in line with expectations
 ●    Robust market demand underpinning strong growth
 ●    Full year 2023 outlook maintained, with strong growth anticipated for the
      Group

Trading update

Overall, trading in the Period has been positive and in line with expectations
with Group revenue growing 15% year-on-year on a constant currency basis,
underpinned by a healthy book-to-bill ratio of 1.20.

Both our Aerospace and Flexonics divisions contributed to the year-on-year
improvement, reflecting the strength in our core markets and our positioning
on key growth platforms across both divisions.  The Group benefitted from
robust growth in commercial aerospace, land vehicle and power & energy
markets.

Outlook

Overall, the Board's expectations of strong growth for the Group in 2023 are
unchanged.

We expect to see strong year-on-year growth in the Flexonics division in 2023,
though we remain mindful of market commentary around some markets moderating
in 2024.

Our Aerospace division sales are also expected to see good year-on-year growth
in 2023 and we continue to expect Aerospace performance to improve in 2024 and
beyond as supply chain challenges dissipate and production rates increase.

Further information

 Bindi Foyle            Group Finance Director, Senior plc          +44 (0) 1923 714 725
 Gulshen Patel          Director of Investor Relations, Senior plc  +44 (0) 1923 714 722
 Richard Webster-Smith  FGS Global                                  +44 (0) 7796 708 551

About Senior

Senior is a FTSE 250 international manufacturing Group with operations in 12
countries.  It is listed on the main market of the London Stock Exchange
(symbol SNR).  Senior's Purpose is "we help engineer the transition to a
sustainable world for the benefit of all our stakeholders."  Senior designs
and manufactures high technology components and systems for the principal
original equipment producers in the worldwide aerospace & defence, land
vehicle and power & energy markets.

Further information on Senior plc may be found at: www.seniorplc.com
(http://www.seniorplc.com)

Cautionary Statement

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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