Senior H2 Earnings Call Highlights

4 days ago 7

MarketBeat

Mon, March 2, 2026 astatine 5:26 AM CST 8 min read

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  • Strategic pivot completed: Senior completed the merchantability of its Aerostructures concern connected 31 Dec 2025 to Sullivan Street Partners and is present focused connected fluid conveyance and thermal management, portion saying it is successful discussions with imaginable offerors (buyback programme paused pending Rule 2.4 developments).

  • Strong full-year financials and equilibrium expanse improvement: Revenue was GBP 738m (+6% cc) with adjusted operating nett of GBP 63.6m (+22% cc) and borderline of 8.6%, adjusted EPS of 9.65p, escaped currency travel up 37% to GBP 36m, nett indebtedness down to GBP 117m, and a projected dividend of 3p (+25%).

  • Division show and outlook: Aerospace grew 10% to GBP 426m with margins improving to 11.4% and a book-to-bill of 1.21 driven by pricing, measurement and defence programmes, portion Flexonics was broadly level amid anemic motortruck markets but delivered borderline enlargement done aftermarket premix and restructuring; absorption says 2026 has started good and remains connected way for medium‑term targets.

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Senior (LON:SNR) reported what absorption called a “pivotal year” successful 2025, highlighted by the completion of its strategical displacement toward being a focused fluid conveyance and thermal absorption supplier and a beardown betterment successful profitability and currency generation. During its full-year results presentation, the institution besides reiterated that it is successful discussions with imaginable offerors, but said it could not remark further and cautioned determination is nary certainty that immoderate connection volition beryllium made.

Chief Executive David Squires said Senior completed the merchantability of its Aerostructures concern to Sullivan Street Partners connected December 31, 2025, describing the disposal arsenic “a important element” of the group’s strategy. Following the transaction, absorption emphasized the group’s absorption connected highly engineered products and systems successful fluid conveyance and thermal management.

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Squires said trading successful the archetypal 2 months of 2026 “has started well” and that the board’s expectations for 2026 are unchanged. He added that the institution remains connected way to execute its medium-term targets acceptable retired previously.

Finance Director Alpna (as introduced connected the call) elaborate a twelvemonth of higher revenue, expanding margins, and improved currency conversion. Revenue roseate to GBP 738 million, up 6% astatine changeless currency (and 4% connected a reported basis, with astir GBP 10 million of currency headwinds).

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