LONDON (ShareCast) - Gooch & Housego, a specialist manufacturer of optical components and systems, said it continues to trade in line with expectations as it weathers mixed market conditions.

The UK optics manufacturer said profit for the year ended September 30th 2013 is expected to be in line with market expectations.

"Trading conditions during the year were broadly positive, albeit set against a background of some hesitancy and uncertainty affecting most of the sectors in which G&H operates," the group said in a company statement.

The order book ended the year at £27.8m, which is up 12% from the start of the year.

Gooch & Housego said its Aerospace & Defence business saw continued growth despite the headwinds hitting the sector.

"While some significant programmes stalled or were subject to delays, other more mature programmes proceeded as planned and outweighed the setbacks," it explained.

It continues to diversify its activities in the Industrial sector, as demand for sensors, test and measurement systems increase. It also noted renewed activity in the undersea telecommunications market.

Gooch & Housego added that was implementing several significant initiatives that will underpin long-term growth.



CJ

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