Business
Results for the year ended 30 September 2023
Results for the year ended 30 September 2023.
About this update from Gooch & Housego Plc
[{"type":"text","content":"\n\n \n\n\n\n\nFor immediate release\n\n\n5 December 2023\n\n\n\n\n \nGooch & Housego PLC\n(\"Gooch & Housego\", \"G&H\", the \"Company\" or the \"Group\")\nRESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2023\nGooch & Housego PLC (AIM: GHH), the specialist manufacturer of photonic components and systems, today announces its audited results for the year ended 30 September 2023.\n \n\n\n\n\nYear ended / as at 30 September\n\n\n2023\n\n\n2022\n\n\nChange\n\n\n\n\nRevenue (£m)\n\n\n148.5\n\n\n124.8\n\n\n19.0%\n\n\n\n\nAdjusted profit before tax (£m)*\n\n\n9.6\n\n\n8.1\n\n\n17.5%\n\n\n\n\nAdjusted basic earnings per share (pence)*\n\n\n31.3p\n\n\n27.2p\n\n\n15.1%\n\n\n\n\nStatutory profit / (loss) before tax (£m)\n\n\n5.0\n\n\n(2.3)\n\n\n£7.3m\n\n\n\n\nBasic earnings / (losses) per share (pence)\n\n\n16.1p\n\n\n(8.0)p\n\n\n24.1p\n\n\n\n\nTotal dividend per share (pence)\n\n\n13.0p\n\n\n12.6p\n\n\n3.2%\n\n\n\n\nNet debt excluding IFRS16 (£m)\n\n\n20.9\n\n\n12.8\n\n\n£8.1m\n\n\n\n\nNet debt (£m)\n\n\n31.7\n\n\n19.1\n\n\n£12.6m\n\n\n\n\n· Adjusted figures exclude the amortisation of acquired intangible assets, impairment of goodwill and acquired intangible assets, non-underlying items being site closure costs, costs of acquisitions and disposals and restructuring costs, together with the related tax impact. A reconciliation of adjusted figures to reported figures is shown in the Financial Review Section.\nKey points\n· Strategy - a new strategy launched focusing on four pillars of People, Self Help, Technology and Investment to deliver mid-teen return on sales over the mid-term.\n· Revenue - up 19% or 13.6% on an organic, constant currency basis to £148.5m (FY2022: £124.8m).\n· Profit - adjusted operating profit up 28.0% to £11.3m (FY2022: £8.9m). Reported profit before tax up to £5.0m (FY2022: loss of £2.3m).\n· Order book - order book returning to normalised levels at £124.1m (FY2022: £147.7m). Book-to-bill ratio in the second half of 1.04x.\n· Acquisitions - the acquisitions of GS Optics and Artemis completed during the year. The integration of both businesses into the Group is progressing well.\n· Debt - net debt increased to ...