Tariff impact likely to be 'limited and manageable' - Senior
By Abigail Townsend
Date: Thursday 24 Apr 2025
(Sharecast News) - Shares in Senior sparked on Thursday, after the high-tech engineering firm reiterated its full-year outlook and downplayed the impact of tariffs.
Updating on the three months to March end, the FTSE 250 company said it had seen "robust" trading during the first quarter.
Group revenues rose 3% year-on-year, with aerospace sales up 4%, driven by growth in civil aviation.
Flexonics revenues were largely in line with the previous year, after lower sales to upstream oil and gas customers were largely offset by a strong performance in downstream oil and gas.
Overall, the book to bill ratio was 1.34, which Senior called "healthy".
Looking to the rest of the year, it acknowledged that the global tariff regime kick-started by Donald Trump could have a broad macroeconomic impact on the markets it operates in.
But it continued: "For Senior, the direct impact of announced tariffs is limited and manageable.
"Overall, the outlook for the full-year is unchanged. The board anticipates good growth in 2025, in line with expectations.
"We continue to expect Flexonics performance for the full-year to be broadly similar to 2024. Good growth is anticipated in aerospace, driven by increasing aircraft build rates, operational efficiency benefits and improved contract pricing, with the second half performance expected to be higher than the first half."
As at 0915 BST, shares in Senior were 3% stronger at 124.2p.
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