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28-06-2010 08:35:38

Senior sees H1 profits in line with forecast

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LONDON (Reuters) - Engineering firm Senior (Senior PLC 10P) said its earnings for the first half of 2010 would be in line with the board's expectations and said the outlook was healthy, buoyed by improved order books at its major clients. "The group has traded strongly, with profitability for the first half of 2010 anticipated to be in line with the board's expectations," Senior said in a trading statement on Monday.

Senior, which makes aerospace and automotive parts, said that the large commercial aircraft market has performed well so far in 2010, and that it stands to benefit from improved order in-take at aircraft makers Boeing and Airbus.

"The outlook for the large commercial aircraft market, the most important market for Senior remains positive with increases in aircraft build rates for future years recently announced," Senior added in its statement.

(Reporting by Golnar Motevalli; Editing by Myles Neligan)

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