Senior PLC
LSE:SNR

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Senior PLC
LSE:SNR
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Price: 188.8 GBX -0.11% Market Closed
Market Cap: 791.9m GBX

Senior PLC
Investor Relations

Senior Plc designs, manufactures and markets technology components and systems. The company is headquartered in Rickmansworth, Hertfordshire and currently employs 5,664 full-time employees. The firm designs, manufactures and markets engineered, technology components and systems for principal original equipment producers in the aerospace and defense, land vehicle and power and energy markets across the world. The company operates through two divisions: Aerospace and Flexonics. The Aerospace division serves both the commercial aerospace and defense markets with a range of products and systems for structures, fluid conveyance, and gas turbine engines. The Flexonics division serves markets with products for land vehicle emission control thermal management and industrial process control applications. Its Aerospace products include aerospace ducting, aerospace fabricated components, aerospace machined components, bellows and seals, couplings and valves, and hydraulic and fuel systems, among others. Its Flexonics products include automotive common rail, fuel cells, automotive drain tube and fabric expansion joints, among others.

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Last Earnings Call
Fiscal Period
Q4 2021
Call Date
Feb 28, 2022
AI Summary
Q4 2021

Profitability: Senior delivered improved profitability and robust free cash flow of £14 million despite a decrease in group revenue.

Balance Sheet: Net debt (excluding leases) fell to £79.9 million, a £50 million improvement, strengthening the balance sheet and reducing net debt to EBITDA to 1.9x.

Restructuring Benefits: Cost-saving initiatives delivered £50 million in annual savings—£14 million more than 2020—achieved a year ahead of plan.

Aerospace & Flexonics: Aerospace revenue declined (notably in civil aerospace, down 15%), but Flexonics grew 10%, driven by a 39% recovery in land vehicles.

Outlook & Guidance: Management expects good progress in 2022, with growth anticipated as demand recovers and multi-year recovery continues. Guidance and outlook remain unchanged.

Sustainability Leadership: Senior maintained sector-leading ESG performance with independently verified climate targets and strong social initiatives.

M&A & Strategy: The company continues to optimize its portfolio, with future M&A targeted at fluid conveyance and thermal management. Dividend payments expected to resume in 2022.

Key Financials
Revenue
£658.7 million
Free Cash Flow
£14 million
Net Debt (excluding leases)
£79.9 million
Net Debt to EBITDA Ratio
1.9x
Liquidity Headroom on Borrowing Facilities
£208 million
Book-to-Bill Ratio
1.16
Adjusted Loss Before Tax
£1.9 million
Adjusted Earnings Per Share
£0.017
Adjusted Operating Profit
£6.1 million
Aerospace Adjusted Operating Margin
1.6%
Net Capital Expenditure
£21 million
Net Cash Inflow
£58 million
Earnings Call Recording
Other Earnings Calls
2021
2019

Management

Mr. David Squires
Group CEO & Executive Director
No Bio Available
Ms. Bindi Jayantilal Jivraj Foyle
Group Finance Director & Executive Director
No Bio Available
Ms. Jane Johnston
Group Human Resource Director
No Bio Available
Mr. Michael Sheppard
Chief Executive of Flexonics Division
No Bio Available
Mr. Launie Fleming
Chief Executive of Aerospace Division
No Bio Available
Mark Roden
Group HSE & Sustainability Director
No Bio Available
Mr. Nigel Major
Executive Vice President Strategy
No Bio Available
Mr. Andrew John Bodenham
Group Company Secretary
No Bio Available

Contacts

Address
HERTFORDSHIRE
Rickmansworth
59-61 High Street
Contacts
+441923775547.0
www.seniorplc.com