The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGooch & Housego Share News (GHH)

Share Price Information for Gooch & Housego (GHH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 560.00
Bid: 550.00
Ask: 566.00
Change: 10.00 (1.82%)
Spread: 16.00 (2.909%)
Open: 568.00
High: 568.00
Low: 550.00
Prev. Close: 550.00
GHH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Gooch & Housego warns on profit despite record order book

Wed, 17th Aug 2022 07:26

(Sharecast News) - Photonic components and systems manufacturer Gooch & Housego reported "strong and improving" levels of demand for its products and services in a trading update on Wednesday, with its order book reaching another record level, though it lowered its profit expectations amid a slower-than-expected production ramp-up.

The AIM-traded firm said overall demand was strong across all of its principal business areas, namely industrial lasers, telecoms, aerospace and defence, and life sciences.

It reported continued high demand for industrial lasers, in particular for those used in semiconductor manufacturing where a combination of high market growth and its new products winning market share was leading to "substantial" growth.

Extended order book visibility, meanwhile, had been secured for its 'Hi-reliability' fibre couplers for undersea cables, and increasingly for constellation space satellites.

In recent months, G&H said it had seen a "notable increase" in aerospace and defence orders, both in the United States and Europe, where there had been further interest in its upgraded optical imaging system for armoured vehicles following the award of the £4m Challenger 3 Tank contract announced earlier in the year.

Additionally, medical lasers were still benefiting from the return of elective surgery, with the board saying that demand for its medical diagnostics products remained high.

As at 31 July, the company's order book stood at a record £140.6m, which was a 43.9% increase on the same time last year, or 32.6% at constant currency.

That was also a further increase on the "strong" half-year order book of 17.3%, or 12.6% at constant currency.

Looking at its current trading, G&H said it had, and was continuing to, invest "materially" to add further productive capacity to meet the demands of a growing order book.

"Our ability to expand capacity in the second half of the financial year has however been 'gated' by highly competitive labour markets in the UK and US, supply chain shortages, in particular electronic parts from Asia, and Covid-related absences," the board said in its statement.

"Relatively good progress has been made in hiring and training new operators, but this has been partially offset by higher than 'normal' rates of attrition.

"As such the capacity ramp-up is taking longer than expected and longer than similar capacity ramp-ups have typically taken in the past."

G&H said second-half trading levels were expected to be better than the first half, due to the actions taken to improve recruitment and ameliorate supply chain shortages with higher inventory, but the longer ramp-up and the higher level of investment to meet the increased order book meant that adjusted profit before tax was now forecast to be around £3.5m lower than its previous expectations.

"Given the lower levels of profitability now expected for the financial year, management will review intangible asset carrying values and make any required adjustments as part of the year-end close."

Looking further ahead, the firm said that given the strong order book visibility for 2023 and the ramp-up in capacity being delivered by the group, it was expecting to deliver double-digit volume growth in the coming financial year.

Its work to mitigate the effect of input cost inflation through pricing adjustment was continuing to be successful, adding that it expected that to be ongoing.

The growth in revenue was expected to positively drive the group's EBIT margin in 2023.

G&H said its intention was to maintain a progressive full-year dividend per share in the range of 12.4p to 12.7p for 2022, up from 12.2p in 2021, reflecting the positive longer-term outlook for the group.

It added that it was continuing to review options to support the growth of the group through acquisitions.

The group's "robust" balance sheet and existing long-term debt facilities meant it was "well-placed" to execute on that element of its strategy.

"In the second half of the financial year we have continued to see strong and improving levels of overall demand and a record order book across all principal areas of the business," said chief executive officer Mark Webster.

"G&H has invested in adding productive capacity to meet increasing demand but has been 'gated' by highly competitive labour markets in the UK and US, supply chain shortages and Covid-related absences."

In addition to the progress made with recruitment and retention, Webster said the firm was accelerating the transfer of its higher-volume products to its contract manufacturer in Asia, in order to add further capacity.

"Fundamental demand for our photonic technologies and system capabilities is strong and improving and though the short-term impact of capacity constraints is disappointing we remain confident in the long growth potential of all our target sectors."

At 1140 BST, shares in Gooch & Housego were down 20.41% at 659p.

Reporting by Josh White at Sharecast.com.

More News
4 Apr 2024 15:25

Gooch & Housego holds guidance backed by strong order book

(Alliance News) - Gooch & Housego PLC on Thursday said it expected full-trading to be in line with previous expectations, although it forecast a drop in half-year revenue.

Read more
4 Apr 2024 14:30

Gooch & Housego confident despite some reduced demand

(Sharecast News) - Photonic components and systems specialist Gooch & Housego said in an update on Thursday that in its first half, it saw some customers in its industrial and medical laser markets adjusting their inventory levels, resulting in reduced demand for certain products.

Read more
18 Mar 2024 16:30

Gooch & Housego sells subsidiary for GBP9.4 million

(Alliance News) - Gooch & Housego PLC announced on Monday that it had completed the sale of its subsidiary EM4 LLC.

Read more
21 Feb 2024 13:22

Gooch & Housego warns of ongoing sector challenges

(Sharecast News) - Shares in photonic components and systems developer Gooch & Housego were sliding on Wednesday, as it reported ongoing challenges in the industrial and medical laser sectors despite growth in orders.

Read more
21 Feb 2024 11:28

Gooch & Housego shares drop as profit expected to miss forecasts

(Alliance News) - Gooch & Housego PLC on Wednesday noted further order book growth but said its profit for the full-year will miss expectations.

Read more
21 Feb 2024 10:49

AIM WINNERS & LOSERS: Zinnwald Lithium soars on Saxony estimate

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
16 Feb 2024 15:14

UK dividends calendar - next 7 days

Monday 19 February 
no events scheduled 
Tuesday 20 February 
Invesco Bond Income Plus Ltddividend payment date
Wednesday 21 February 
no events scheduled 
Thursday 22 February 
abrdn Asia Focus PLCex-dividend payment date
Alumasc Group PLCex-dividend payment date
AstraZeneca PLCex-dividend payment date
BlackRock Throgmorton Trust PLCex-dividend payment date
Braemar PLCex-dividend payment date
Brickability Group PLCdividend payment date
easyJet PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
Endeavour Mining PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Gateley Holdings PLCex-dividend payment date
GSK PLCex-dividend payment date
Hercules Site Services PLCex-dividend payment date
Jersey Electricity PLCex-dividend payment date
Land Securities Group PLCex-dividend payment date
Molten Ventures VCT PLCex-dividend payment date
Northern Bear PLCex-dividend payment date
Redrow PLCex-dividend payment date
Samuel Heath & Sons PLCex-dividend payment date
Titon Holdings PLCex-dividend payment date
Unilever PLCex-dividend payment date
Van Elle Holdings PLCex-dividend payment date
Virgin Money UK PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
Friday 23 February 
abrdn Asian Income Fund Ltddividend payment date
abrdn Property Income Trust Ltddividend payment date
Capital Gearing Trust PLCspecial dividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Ferrexpo PLCdividend payment date
Foresight Solar Fund Ltddividend payment date
Games Workshop Group PLCdividend payment date
Gooch & Housego PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Hollywood Bowl Group PLCspecial dividend payment date
Impact Healthcare REIT PLCdividend payment date
Impellam Group PLCspecial dividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Marwyn Value Investors Ltddividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Primary Health Propertiesdividend payment date
RWS Holdings PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Victrex PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
14 Feb 2024 14:14

UK shareholder meetings calendar - next 7 days

Thursday 15 February 
JPMorgan Asia Growth & Income PLCAGM
Synergia Energy LtdGM re share placing
VVV Resources LtdAGM
Friday 16 February 
Irish Residential Properties REIT PLCEGM re removal of 5 of 9 directors
Location Sciences Group PLCGM concerning reverse takeover agreement
Red Rock Resources PLCAGM
UK Oil & Gas PLCGM re proposed capital reorganisation
Monday 19 February 
Cloudbreak Discovery PLCGM
East Imperial PLCGM re capital reorganisation
Oxford Cannabinoid Technologies Holdings PLCGM re convertible loan note agreement with Cantheon
Residential Secure Income PLCAGM
Tuesday 20 February 
abrdn Equity Income Trust PLCAGM
Carr's Group PLCAGM
Dewhurst Group PLCAGM
Duke Royalty LtdEGM re changing name to Duke Capital
Wednesday 21 February 
Foresight Sustainable Forestry Co PLCAGM
Gooch & Housego PLCAGM
Tharisa PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
11 Jan 2024 15:49

UK dividends calendar - next 7 days

Friday 12 January 
3i Group PLCdividend payment date
Amati AIM VCT PLCdividend payment date
Associated British Foods PLCdividend payment date
BlackRock Energy and Resources Income Trust PLCdividend payment date
Caffyns PLCdividend payment date
Celebrus Technologies PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
CML Microsystems PLCdividend payment date
CT Global Managed Portfolio Trust PLCdividend payment date
DSW Capital PLCdividend payment date
Duke Royalty Ltddividend payment date
FIH Group PLCdividend payment date
Gore Street Energy Storage Fund PLCdividend payment date
Helical PLCdividend payment date
Impellam Group PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
Marks and Spencer Group PLCdividend payment date
Octopus AIM VCT PLCdividend payment date
Oxford Instruments PLCdividend payment date
Pets At Home Group PLCdividend payment date
PHSC PLCdividend payment date
Polar Capital Holdings PLCdividend payment date
Redde Northgate PLCdividend payment date
Regional REIT PLCdividend payment date
Scottish Oriental Smaller Companies Trust PLCdividend payment date
Supreme PLCdividend payment date
TotalEnergies SEdividend payment date
Triple Point Energy Transition PLCdividend payment date
Tritax EuroBox PLC (EUR)dividend payment date
Tritax EuroBox PLC (GBP)dividend payment date
Monday 15 January 
Henderson Diversified Income Trust PLCdividend payment date
Tuesday 16 January 
NewRiver REIT PLCdividend payment date
Norcros PLCdividend payment date
Wednesday 17 January 
CRH PLCdividend payment date
Northern 2 VCT PLCdividend payment date
Northern 3 VCT PLCdividend payment date
Northern Venture Trust PLCdividend payment date
Residential Secure Income PLCdividend payment date
Thursday 18 January 
B&M European Value Retail SAex-dividend payment date
Cardiff Property PLCex-dividend payment date
Compass Group PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
Dewhurst Group PLCex-dividend payment date
Diploma PLCex-dividend payment date
Elixirr International PLCex-dividend payment date
Future PLCex-dividend payment date
Games Workshop Group PLCex-dividend payment date
Gooch & Housego PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
Invesco Bond Income Plus Ltdex-dividend payment date
Invesco Select Trust PLCex-dividend payment date
JPMorgan China Growth & Income PLCex-dividend payment date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend payment date
Origin Enterprises PLCex-dividend payment date
Pollen Street PLCex-dividend payment date
Premier Miton Group PLCex-dividend payment date
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
5 Dec 2023 18:09

EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
28 Nov 2023 15:36

UK earnings, trading statements calendar - next 7 days

Wednesday 29 November 
Amaroq Minerals LtdQ3 Results
Benchmark Holdings PLCFull Year Results
Braemar PLCHalf Year Results
Cordiant Digital Infrastructure LtdHalf Year Results
CVS Group PLCTrading Statement
Esken LtdHalf Year Results
Impax Asset Management Group PLCFull Year Results
Halfords Group PLCHalf Year Results
Harbour Energy PLCTrading Statement
Pennon Group PLCHalf Year Results
Vinanz LtdQ3 Results
Thursday 30 November 
Carclo PLCHalf Year Results
Dr Martens PLCHalf Year Results
Genedrive PLCFull Year Results
James Latham PLCHalf Year Results
LXi REIT PLCHalf Year Results
ME Group International PLCTrading Statement
Mitchells & Butlers PLCFull Year Results
TClarke PLCTrading Statement
Tharisa PLCFull Year Results
Walker Crips Group PLCHalf Year Results
Zoo Digital Group PLCHalf Year Results
Friday 1 December 
Mind Gym PLCHalf Year Results
Monday 4 December 
One Health Group PLCHalf Year Results
SDCL Energy Efficiency Income Trust PLCHalf Year Results
Tuesday 5 December 
Ashtead Group PLCHalf Year Results
CML Microsystems PLCHalf Year Results
discoverIE Group PLCHalf Year Results
Ferguson PLCQ1 Results
Gooch & Housego PLCFull Year Results
Iomart PLCHalf Year Results
Marston's PLCFull Year Results
On The Beach Group PLCFull Year Results
Oxford Metrics PLCFull Year Results
Peel Hunt LtdHalf Year Results
Premier Miton Group PLCFull Year Results
Solid State PLCHalf Year Results
SSP Group PLCFull Year Results
TPXimpact Holdings PLCHalf Year Results
Tritax EuroBox PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
3 Oct 2023 15:06

IN BRIEF: Gooch & Housego eyes annual revenue ahead of expectations

Gooch & Housego PLC - Somerset, England-based manufacturer of photonic components & systems - Says trading in the second half of its financial year has been "strong" and as a result expects revenue for the full financial year to be "marginally" ahead of market expectations. Notes that industrial markets volumes of its fibre and acousto optic assemblies have grown, more than offsetting the effects of de-stocking by some customers. Demand for its hi reliability fibre couplers has been stable but expects demand to increase in the new financial year. Notes integration of GS Optics and Artemis is going to plan.

Read more
3 Oct 2023 08:43

Gooch & Housego trades ahead of FY expectations

(Sharecast News) - Photonics manufacturer Gooch & Housego said on Tuesday that trading was ahead of expectations in the year ended 30 September, while the integration of its two recent acquisitions was "progressing well".

Read more
21 Jul 2023 15:39

UK dividends calendar - next 7 days

Monday 24 July 
no events scheduled 
Tuesday 25 July 
Brunner Investment Trust PLCdividend payment date
Wednesday 26 July 
Airtel Africa PLCdividend payment date
Baillie Gifford China Growth Trust PLCdividend payment date
Camellia PLCdividend payment date
Ecora Resources PLCdividend payment date
Worldwide Healthcare Trust PLCdividend payment date
Thursday 27 July 
abrdn Asian Income Fund Ltdex-dividend payment date
AEW UK REIT PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
BlackRock Throgmorton Trust PLCex-dividend payment date
Bloomsbury Publishing PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
Compass Group PLCdividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
Diverse Income Trust PLCex-dividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCex-dividend payment date
Fidelity China Special Situations PLCdividend payment date
Fuller, Smith & Turner PLCdividend payment date
GCP Asset Backed Income Fund Ltdex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
International Biotechnology Trust PLCex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan China Growth & Income PLCex-dividend payment date
JPMorgan Claverhouse Investment Trust PLCex-dividend payment date
Mears Group PLCdividend payment date
MoneySupermarket.com Group PLCex-dividend payment date
Monks Investment Trust PLCex-dividend payment date
Nexteq PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Qinetiq Group PLCex-dividend payment date
Redcentric PLCex-dividend payment date
Serica Energy PLCdividend payment date
Smart Metering Systems PLCdividend payment date
Sportech PLCex-dividend payment date
SSE PLCex-dividend payment date
Tribal Group PLCdividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Friday 28 July 
3i Group PLCdividend payment date
abrdn Private Equity Opportunities Trust PLCdividend payment date
abrdn Smaller Companies Income Trust PLCdividend payment date
Barings Emerging EMEA Opportunities PLCdividend payment date
Big Yellow Group PLCdividend payment date
British Land Co PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Gooch & Housego PLCdividend payment date
Helical PLCdividend payment date
Henderson High Income Trust PLCdividend payment date
Hipgnosis Songs Fund Ltddividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Paragon Banking Group PLCdividend payment date
Personal Assets Trust PLCspecial dividend payment date
Personal Assets Trust PLCdividend payment date
Polar Capital Holdings PLCdividend payment date
Premier Foods PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Schroder Income Growth Fund PLCdividend payment date
Shires Income PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Vertu Motors PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
21 Jul 2023 13:07

Gooch & Housego completes Artemis Optical acquisition

(Alliance News) - Gooch & Housego PLC on Friday said it had completed its acquisition of Artemis Optical Holdings Ltd, in a deal worth up to GBP8.9 million.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.