Senior secures two contracts worth EUR 200m

(Sharecast News) - Senior announced the securing of two multi-year contracts worth a combined €200m on Tuesday, to supply high-technology components for internal combustion engine (ICE) and hybrid powertrains, marking a further boost to its order book. The FTSE 250 company said the eight-year agreements covered fluid conveyance assemblies for light vehicles and exhaust gas recirculation (EGR) systems for heavy-duty trucks, with production to take place across sites in Europe, Asia, Africa and the Americas.

It said the first contract, awarded by a global powertrain supplier, involves more than 20 components for diesel, petrol and hybrid light vehicles, with manufacturing split between Senior Flexonics' operations in the Czech Republic and a joint venture facility in Wuhan, China.

The second deal was with a major truck manufacturer and covers EGR cooler assemblies for a new Euro 7-compliant engine, with production beginning in late 2026 across plants in the Czech Republic, South Africa and Mexico.

"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," said Mike Sheppard, chief executive officer of Senior Flexonics.

"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."

The awards continued strong momentum in Senior's Flexonics and Aerospace divisions, following a book-to-bill ratio of 1.34 in the first quarter of 2025.

Senior said the new business supported its confidence in sustained growth for the rest of the year and beyond.

"These new contract wins continue the strong recent momentum across the group, with significant new order intake across both our Flexonics and Aerospace divisions," commented Senior CEO David Squires.

"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."

At 0901 BST, shares in Senor were up 1.37% at 163.2p.

Reporting by Josh White for Sharecast.com.