LONDON (ShareCast) - (Sharecast News) - Manufacturing group Senior said on Friday that trading in the six months ended 30 June had been ahead of management expectations.
Senior stated sales were expected to be "modestly ahead of expectations" in its aerospace unit but still around 21% lower year-on-year on a constant currency basis, while sales in its flexonics wing were projected to be in line with expectations, with a growth of around 6% on the prior year.

For the FTSE 250-listed group as a whole, sales were said to be 13% lower in the half than the equivalent period twelve months earlier, part of which was pre-Covid.

However, despite the decline, Senior stated its end-markets were now showing "clear signs of recovery" and was confident of its outlook despite "well-publicised headwinds" associated with freight and commodity costs, semiconductor supply chain challenges and the recent divestment of its Senior Aerospace Connecticut business.

As of 0840 BST, Senior shares were up 0.31% at 162.20p.

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