April 25 British engineering component maker
Senior Plc said its first-quarter profit was marginally
ahead of its expectations and that it had made a good start to
the year, boosted by higher demand from commercial aircraft
makers Airbus and Boeing Co.
The company, which supplies wall panels and ducting to
planemakers, said it expects full-year 2013 adjusted profit
before tax to remain unchanged.
The company said net order intake by Boeing and Airbus was
ahead of deliveries with a combined order book of 9,393 aircraft
at the end of March, up 11 percent from a year earlier.
Senior also said expectations on Boeing's restart of 787
production was encouraging.
Boeing CEO Jim McNerney said on Wednesday that the company
expects to begin delivering 787s again in early May and will
finish modifying all 50 customer jets by mid-May. There are 25
Dreamliners awaiting delivery currently, he said.
The 787 Dreamliners have been grounded since regulators
ordered all 50 planes out of the skies in mid-January after
batteries on two of them overheated.
With a rise in demand from Asia and other emerging markets,
commercial aircraft makers have been struggling to fulfil
several years of backlogged orders, assuring steady business for
Senior said in February that it expected sales to grow close
to 10 percent this year - ahead of analyst's expectations -
boosting its shares to a record high.
Shares of the FTSE 250 component closed at 240 pence on
Wednesday on the London Stock Exchange.