Business
Full-Year Trading Update
Full-Year Trading Update.
About this update from Gooch & Housego Plc
[{"type":"text","content":"\n \nRNS Number : 8220P Gooch & Housego PLC 07 October 2013 \n\n\n\n\n\nFor immediate release\n\n\n7 October 2013\n\n\n\n\n \n \n\n\n\n\n\n\n\n\n\n\n\n\nGooch & Housego PLC\n(\"G&H\" or the \"Company\")\n \nFull-Year Trading Update\n \n\"Profit in line with market expectations\"\n \nGooch & Housego PLC, the specialist manufacturer of optical components & systems, today announces that profit for the year ended 30 September 2013 is expected to be in line with market expectations. Preliminary results will be announced on 3 December 2013.\n \nTrading conditions during the year were broadly positive, albeit set against a background of some hesitancy and uncertainty affecting most of the sectors in which G&H operates. Order intake was at the level needed to sustain growth in the business. The order book ended the year at £27.8 million, which is an increase of 12% over the level at the start of the year.\n \nG&H has seen continued growth in its Aerospace & Defence business despite the headwinds affecting this sector. While some significant programmes stalled or were subject to delays, other more mature programmes proceeded as planned and outweighed the setbacks. While this market continues to be challenging, the Company remains optimistic about growth based on the strong customer relationships that have been developed in recent years and the breadth of opportunities currently being addressed.\n \nIn line with its strategy, the Company has continued to diversify its activities in the Industrial sector, with sensors and test & measurement systems growing in importance over the past year, combined with renewed activity in the undersea telecommunications market. In the industrial laser market G&H has kept pace with the technology shift away from solid state lasers in favour of fibre lasers for many routine material processing applications. The Company is now a major supplier to the fibre laser market at both component and subsystem level.\n \nIn Life Sciences, the Company began to utilise its Systems Technology Group (STG), established mid-way through the year to leverage G&H's excellence in components to develop subsystems level products, to address new opportunities in laser surgery and to build upon its already strong presence in Optical Coher...