Latest Results

Year ended 31 December 2007

"The Group has delivered an outstanding set of results, with adjusted profit before tax 91% ahead of the prior year and free cash flow 263% better. The continuing growth in build rates of commercial aircraft, improving profitability of the heavy duty diesel engine products, continuing strength of the global energy markets, and the future contributions from Absolute Manufacturing and Capo Industries, the North American aerospace businesses acquired in recent months, mean prospects for the Group are very encouraging. Consequently, the Board is pleased to recommend a 20% increase in the full year dividend."

Martin Clark
Chairman

	2007	2006
Revenue from continuing operations	£470.7m	£387.9m

Operating profit from continuing operations	£41.5m	£24.5m

Profit before taxation from continuing operations	£34.3m	£18.1m

Basic EPS from continuing operations	7.17p	4.35p

Adjusted profit before taxation (1)	£37.8m	£19.8m

Adjusted earnings per share (1)	7.71p	4.65p

Total dividends (paid and proposed) per share	2.40p	2.00p

Free cash flow (2)	£18.5m	£5.1m

Net borrowings	£94.8m	£96.7m

(1) Adjusted profit before tax and adjusted earnings per share arise before a £0.7m loss on sale of fixed assets (2006 - £0.4m), a £3.3m charge for amortisation of intangible assets acquired on acquisitions (2006 - £1.3m) and the release of a provision set up on a previous acquisition of £0.5m (2006 - £nil). Adjusted earnings per share excludes the tax impact of these items.

(2) See Note 9(b) of the 2007 Preliminary Final Results Announcement for derivation of free cash flow.

Download the full text of Senior's 2007 Preliminary Final Results Announcement (PDF).