Senior plc (GB:SNR) has released an update.
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Senior plc, a key player in the high-tech component and systems manufacturing space, has reported a 5% year-on-year increase in group revenue for Q3 2024, driven by a 13% rise in aerospace revenue offsetting a 9% drop in Flexonics. Despite facing industry headwinds, including production issues with Boeing and Airbus, the company is executing cost and cash management strategies to maintain financial stability. Senior plc remains optimistic about future growth, underpinned by a strong order book and expectations of increased aircraft build rates.
For further insights into GB:SNR stock, check out TipRanks’ Stock Analysis page.
