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RNS Number : 2585J  Senior PLC  20 May 2025

20 May 2025

Senior plc awarded two new contracts valued at approximately €200m by major
land vehicle manufacturers for the supply of high technology components for
internal combustion engine ("ICE") and hybrid powertrains

Senior plc ("Senior" or the "Group"), an international manufacturer of
high-technology components and systems, today announces that it has been
awarded new contracts for the supply of high-technology components for ICE and
hybrid engines for light vehicles, and exhaust gas recirculation systems
("EGR") for heavy-duty trucks.  The combined value of the multi-year
contracts is approximately €200m over an 8-year period.

The first contract is for the supply of fluid conveyance assemblies for
multiple light vehicle ICE and hybrid engine types to a global supplier of
innovative hybrid and combustion powertrain solutions.  The components will
be used across the range of diesel, gasoline and hybrid platforms and Senior
collaborated closely with the customer in the design and testing of the 20+
parts.  Production is anticipated to begin in 2025 and continue until 2029.
 Manufacturing will be undertaken at both Senior Flexonics Olomouc (Czech
Republic) and the Senior Flexonics joint venture in Wuhan, China.

The second contract is with a leading global manufacturer of heavy-duty trucks
to supply fluid conveyance assemblies for exhaust gas recirculation coolers
for a new engine type to be used on multiple vehicle platforms.
 Manufacturing for this contract will be undertaken in Senior Flexonics
facilities in Olomouc (Czech Republic), Cape Town (South Africa) and Saltillo
(Mexico).  The contract is for a new engine with Euro 7 specification, a set
of regulations that stipulates emissions limits and sets emission-relevant
minimum durability requirements.  Production is due to commence in Q4 2026
and the programme is set to last a minimum of eight years.

The two contract awards continue the positive momentum of new order intake for
Senior's Flexonics and Aerospace divisions.  At the Group's recent Q1 2025
trading update, Senior announced a healthy book-to-bill of 1.34 in the Period,
reflecting strong order intake and underpinning the Group's strong confidence
in continued growth in 2025 and beyond.

Commenting on the awards, Mike Sheppard, CEO of Senior Flexonics said: "These
significant new multi-year contract awards illustrate Senior's ability to work
in partnership with our customers and demonstrate our capabilities and
emissions reduction technologies across different powertrains including
internal combustion, hybrid and electric vehicle engines.  With our expertise
in fluid conveyance and thermal management, Senior is uniquely well-positioned
to provide innovative solutions for customers by designing and manufacturing
bespoke products & systems that meet their specific requirements."

Commenting, David Squires, CEO of Senior plc said: "These new contract wins
continue the strong recent momentum across the Group, with significant new
order intake across both our Flexonics and Aerospace divisions.  The strength
of our order book, combined with our leading positions in high-technology
fluid conveyance and thermal management applications underpins our confidence
for continued growth in 2025 and beyond".

About Senior

Senior is a FTSE 250 international engineering and 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)

 

Further information

 Gulshen Patel          Director of Investor Relations and Corporate Communications, Senior plc  +44 (0)1923 714 743
 Richard Webster-Smith  FGS Global                                                               +44 (0)7796 708 551

 

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