# Aero parts supplier Senior’s H1 profit rises on strong demand
Published: 2024-08-05
Category: Headlines
Category URL: https://entrepreneurtribune.com/category/headlines/
Meta Title: Senior Plc Reports 10% Rise in Profit Amid Strong Aerospace
Meta Description: British aerospace engineer Senior Plc reports 10% profit increase driven by demand for commercial aircraft and higher defence spending. Read more.
URL: https://entrepreneurtribune.com/aero-parts-supplier-seniors-h1-profit-rises-on-strong-demand/

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(Reuters) -British aerospace engineer Senior Plc posted a 10% rise in its first-half profit on Monday, buoyed by demand for commercial [aircraft](https://entrepreneurtribune.com/germanys-lufthansa-orders-four-airbus-planes/) and higher defence spending.

[Senior,](https://entrepreneurtribune.com/senior-doctors-in-england-accept-new-pay-offer-and-end-strikes/) an aero parts supplier to Boeing and Airbus, reported adjusted operating profit of 25.1 million pounds ($31.9 million), up from 22.9 million pounds last year.

Aerospace and defence firms have been benefiting from an increased demand for airplanes as flying hours reach the pre-pandemic levels, offsetting production caps at Boeing.

“The group’s diversified position across key civil and defence [aircraft](https://entrepreneurtribune.com/germanys-lufthansa-orders-four-airbus-planes/) platforms, strong order intake and increasing aircraft build rates are expected to drive good growth in Aerospace for the full year,” CEO David Squires said in a statement.

Sales at the Flexonics division dropped as land vehicle markets started to normalise and upstream oil & gas customers reduced inventory levels, the firm said.

The Flexonics unit makes fluid conveyance and thermal management components for vehicles and power and energy applications.

($1 = 0.7857 [pounds)](https://entrepreneurtribune.com/uks-costa-coffee-to-give-workers-9-pay-rise/)

(Reporting by Prerna Bedi in Bengaluru; Editing by Sherry Jacob-Phillips)


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