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Trading statements

Gooch & Housego has record order book

04 October 2017 07:20

Gooch & Housego, the specialist manufacturer of optical components & systems, has confirmed that trading for the year to the end of September was in line with its previous guidance.

It said the business has benefited from positive market conditions and strong demand in its industrial and telecommunications sectors, in particular critical components used in microelectronic manufacturing and high reliability undersea fibre couplers.

G&H said it had started its new financial year with a record year-end order book, which, as at 30 Sep, stood at £72.2m, an increase of 36.7% compared with the same time last year.

It said: 'Excluding the impact of foreign exchange and acquisitions this represents an increase of 29.2% on the starting order book last year.

'Approximately one third of our business now relates to the Aerospace & Defence sector, due in part to the acquisitions made in FY 2016 and FY 2017.'

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