Airplane parts supplier Senior (SNR) continues to benefit from the ramp-up of commercial aerospace production. According to departing chief executive Mark Rollins, Airbus and Boeing now boast a combined order book of 12,175 aircraft, which represents a "very healthy" nine years' worth of production at current build rates.
IC TIP:
Buy
at
333p
Meanwhile, an 11 per cent increase in US truck sales boosted the group's Flexonics automotive division. The strong North American market, operational improvements and a healthy contribution from recent acquisition Upeca helped the segment grow revenues, adjusted operating profits and margins despite tepid demand for passenger vehicles in economically weaker regions such as Europe and Brazil.