Full Year Results 

Senior previews tough year ahead

Senior previews tough year ahead

Aerospace and industrial equipment manufacturer Senior (SNR) had already warned that the grounding of Boeing’s 737 Max jet would hit earnings in 2019. The group makes components for companies in the Max’s supply chain and Boeing cut its monthly build rate from 52 planes to 42 in April. Senior’s adjusted operating profit dropped 6 per cent at constant currencies to £89m, with a 0.5 percentage point contraction in the margin to 8 per cent.  

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now