Senior H1 adjusted operating profits up 10pc

(Sharecast News) - High technology components and systems manufacturer Senior's interim results came in broadly in line with expectations on Monday, with the group underlining progress on its transformation into a focused fluid conveyance and thermal management business. Senior said revenue from continuing operations rose 5% to £371.2m, driven by growth in aerospace and flexonics, while adjusted operating profit climbed 10% to £31.2m, with margins improving by 60 basis points to 8.4%.

The FTSE 250-listed firm said its aerospace division saw a 7% revenue uplift, supported by stronger defence volumes and semiconductor demand, while flexonics benefited from new contracts in land vehicles and downstream oil and gas. Basic earnings per share increased 34% to 5.07p, and free cash flow jumped 43% to £10.6m.

Senior hiked its interim dividend by 13% to 0.85p and reaffirmed its FY outlook. It also stated that funds from the £200m planned sale of its aerostructures unit would be used to reduce its net debt position and fund a £40m share buyback.

Chief executive David Squires said: "Senior has delivered a strong set of results in H1 2025 in line with our expectations.

"Looking ahead, we are delivering on our strategy which gives us confidence in our ability to achieve our medium-term financial targets."

Reporting by Iain Gilbert at Sharecast.com