LONDON (ShareCast) - Engineer Senior said adjusted pre-tax profit for the first six months of 2008 is now expected to be comfortably ahead of its previous expectations.
The group said it continues to trade strongly with conditions being better than expected during the second quarter.
Cash generation has been healthy with net debt falling ahead of expectations during the second quarter, from the £142m previously reported at the end of March.
"The group's outlook remains healthy. Aircraft build rates continue to increase as a result of record order books and new programme introductions, such as the A380 and B787. Energy markets remain strong and tightening emission legislation is providing good opportunities for Senior's products," said the group.
Operating profits for the Aerospace Division are expected to be significantly higher for the first six months of 2008 than in the first half of 2007.
In the second quarter, the Flexonics division experienced trading ahead of the board's previous expectations, due to the strength of the global energy and chemical processing markets.
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