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Share Price: 580.00

Bid: 564.00

Ask: 570.00

Change: 0.00 (0.00%)

Spread: 6.00 (1.064%)

Open: 0.00

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Low: 0.00

Prev. Close: 580.00

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Gooch & Housego stays on track with record order book

Thu, 04th Oct 2018 08:19

(Sharecast News) - Optical systems and components manufacturer Gooch & Housego on Thursday reported a record order book after benefiting from "positive market conditions" in the industrial sector.The company said its order book stood at £96.1m at the end of the 12 months leading to 30 September, up 33% compared to the same point last year, with components used in microelectronic manufacturing and high reliability fibre couplers for undersea cables proving particularly vital.As such, the company said its final results for the year will be in line with prior expectations.Mark Webster, chief executive of Gooch & Housego, said: "We have been able to take advantage of positive market conditions and execute on our long-term strategy. Our strong performance has enabled us to continue to invest in manufacturing capacity and R&D and to bring complementary new technologies and customers into G&H through acquisitions."The AIM traded outfit also reported that it was currently "pleased" with the output and contribution of newly acquired VITL and Gould Fiber Optics, which it added to the business in August and September respectively.VITL manufactures medical devices while Gould is a supplier of key enabling components to tier 1 US aerospace and defence customers.Gooch also shut down the operations of its light measurement business in Orlando, Florida, as the non-core business had a history of delivering marginal returns and made a small loss in 2018."While we remain aware of potential macroeconomic and political risks, our robust order book combined with greater diversification means the board remains confident that the group is well positioned for further growth," said Webster.Gooch & Housego's shares were down 0.4% at 1,850.00p at 0847 BST.

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27 Nov 2018 12:43

Gooch & Housego Profit Drops 20% As CFO Set To Leave Next Summer

LONDON (Alliance News) - Gooch & Housego PLC on Tuesday reported a drop in annual profit, despite a rise in revenue, but it upped its payout.The photonics technology company also that a

27 Nov 2018 10:27

Gooch & Housego sets sights on strong 2019; CFO to step down

(Sharecast News) - Gooch & Housego, the optical components specialist, said its record order book left it well-positioned for 2019 "and beyond", despite the growing macroeconomic and political risks.

20 Nov 2018 16:06

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10 Oct 2018 07:56

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4 Oct 2018 10:39

Gooch & Housego In Line With Guidance, Shuts Down Florida Business

LONDON (Alliance News) - Gooch & Housego PLC on Thursday said trading for its recently-ended financial year will be in line with previous guidance, closing with a "record" order said

26 Sep 2018 15:58

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6 Sep 2018 14:27

Gooch & Housego Buys Fibre Optic Tech Firm Gould For USD16 Million (ALLISS)

LONDON (Alliance News) - UK photonics company Gooch & Housego PLC said Thursday it has acquired the trade and assets of US-based Gould Technology LLC for USD16.4 million.G&H said in

6 Sep 2018 09:59

Gooch gains access to US defence market through Gould deal

(Sharecast News) - Gooch and Housego has acquired Gould Technology for up to $16.4m, strengthening the AIM-listed firm's position in the fused fibre optic technology sector and providing it with enhanced access to strategic US aerospace and defence customers.

8 Aug 2018 11:20

Gooch & Housego Buy Medical Devices Firm VITL For GBP22 Million (ALLISS)

LONDON (Alliance News) - Photonics technology manufacturer Gooch & Housego PLC said Wednesday it has acquired medical devices firm VITL Ltd for up to GBP22.0 million.VITL provides and A

8 Aug 2018 08:16

Gooch and Housego acquires British manufacturer VITL for £22m

(Sharecast News) - Gooch and Housego said it had bought UK-based medical manufacturer VITL for up to £22m as part of its efforts to expand the group's presence in the life sciences sector.

29 May 2018 16:03

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Gooch & Housego confirms full year targets

(ShareCast News) - AIM-listed Gooch & Housego, a manufacturer of optical components and systems, confirmed it had traded in line with full year expectations thanks to improved demand for industrial lasers and fibre-based products. Chief executive Mark Webster said the company was "well placed for fu

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