Gooch & Housego trading in line

Optical components and systems manufacturer Gooch and Housego said its trading performance since the end of September last year has been in line with expectations and is confident of continued growth.

Optical components and systems manufacturer Gooch and Housego said its trading performance since the end of September last year has been in line with expectations and is confident of continued growth.

Following a strong second half performance in the last financial year, the group said demand during the first quarter of this year was more subdued, although substantially better than the same period last year.

Despite uncertainty in world markets causing increased caution and delayed decision making, most notably in the US Aerospace & Defence sector, orders picked up strongly in December and January, it added.

Overall, the group's order book at the end of January stood at £29.8m, up 20% from the start of the financial year. It said the strong balance sheet reported at the end of the last financial year has been maintained.

Chief Executive Gareth Jones commented: "While the trading environment continues to be challenging, we are increasingly able to see the benefits of our concerted efforts in recent years to diversify and develop the business."

"We remain confident that this strategy constitutes a firm foundation for continued growth."

CJ

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Oil producers are back at their Covid-19 lows – is it time to buy?
Oil

Oil producers are back at their Covid-19 lows – is it time to buy?

With demand for oil hammered by Covid-19 and talk of “peak oil demand”, there are lots of good reasons to be bearish on oil producers. So, asks John S…
22 Sep 2020
Why you should stuff your end-of-pandemic portfolio with Chinese stocks
China stockmarkets

Why you should stuff your end-of-pandemic portfolio with Chinese stocks

For an end-of-pandemic portfolio, you need assets that can cope with today’s volatility. And that, says Merryn Somerset Webb, means Chinese stocks.
14 Sep 2020
IAG's share price is ready for take-off - here's how to play it
Trading

IAG's share price is ready for take-off - here's how to play it

The owner of British Airways has had a turbulent year, but is now worth a punt. Matthew Partridge explains the best way to play it.
8 Sep 2020