LONDON (Alliance News) - Optical components and systems manufacturer Gooch & Housego PLC on Tuesday said its results for the year to the end of September will be in line with market expectations.
Overall trading in the year was good, the company said, driven by strong demand for lasers used in micro-electronic materials processing and telecommunication systems. The group has seen some softer demand for micro-electronics in China recently, but has seen strong trading for undersea telecommunications products.
The company said it expects its space satellite communications programme to generate commercial income for the business in the new financial year.
Its order book was up 10% year-on-year at the end of September.
"The company has performed in line with expectations in the year to September 30, 2015. Whilst the business remains vigilant to global macro-economic trends, in our key markets we continue to be well placed for future growth," said Chief Executive Mark Webster.
Shares in the company were untraded on Tuesday morning, having last traded at 855.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Gooch & Housego (GHH)