Gooch & Housego PLC - Somerset-based optical components and systems manufacturer - Trading for the year to September 30 slightly ahead of expectations. Manufacturing locations in the UK, US and China now fully open. Trading levels in the latter part of financial 2020 reflect the recovery in its manufacturing capacity and reopening of sites at some larger customers. Orders for fibre optics, hi-reliability fibre couplers for undersea cables and life science capabilities remain robust, with demand for medical diagnostics products - particularly ventilator systems - improving. Industrial laser demand remains at below normal levels. Order book as at September 30 was GBP92.4 million, down 2.2% from GBP94.4 million the year before. Will publish results for financial 2020 on December 1.
Current stock price: 1,022.83 pence
Year-to-date change: down 26%
By Ife Taiwo; ifetaiwo@alliancenews.com
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Gooch & Housego (GHH)