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Last checked at 
6 Oct 2009 07:00
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ForΒ immediateΒ releaseΒ |
6Β OctoberΒ 2009 |
Gooch & Housego PLC
(The "Company")
Full-Year Trading Update
Gooch & Housego PLC, the specialist manufacturer of optical components and systems, announcesΒ that tradingΒ forΒ theΒ yearΒ endedΒ 30Β SeptemberΒ 2009Β wasΒ in line withΒ managementΒ expectations.Β Preliminary results for the year ended 30 September 2009 will be announced onΒ 1 DecemberΒ 2009.
Gareth Jones, Chief Executive of Gooch & Housego commented: - "This has been a challenging year in which we reduced headcount by 16% and implemented other cost saving measures in response to a sharp downturn in sales at the end of our first quarter. Trading conditions have since stabilised and in recent weeks we have begun to see early signs of demand improving, although short time working will continue at two of our manufacturing locations until we see more tangible evidence of recovery in our core markets."
For further information please contact:
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Gareth Jones/Andrew Boteler, 01460Β 256440 |
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Tim Thompson/Chris McMahon,Β Buchanan CommunicationsΒ Ltd, 020 7466 5000 |
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Patrick Robb,Β Investec BankΒ plc, 020 7597Β 5970 |
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