Gooch & Housego (GHH)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

492.00p
   
  • Change Today:
    -16.00p
  • 52 Week High: 670.00
  • 52 Week Low: 437.00
  • Currency: UK Pounds
  • Shares Issued: 25.79m
  • Volume: 43,460
  • Market Cap: £126.87m
  • RiskGrade: 209

Gooch & Housego trades ahead of FY expectations

By Iain Gilbert

Date: Tuesday 03 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Photonics manufacturer Gooch & Housego said on Tuesday that trading was ahead of expectations in the year ended 30 September, while the integration of its two recent acquisitions was "progressing well".
Gooch & Housego said that following the "positive performance" delivered in the first half, trading momentum was sustained during the second half of the year.

As a result, GHH expects its "strong revenue performance" to translate into full-year adjusted pre-tax profits in excess of current market expectations.

The AIM-listed firm added that the integration of the recently-acquired GS Optics and Artemis into the wider group was "proceeding to plan".

GHH said its order book stood at £124.9m as of 30 September and noted that whilst destocking in some parts of its industrial market was expected to impact in 2024, A&D and life sciences revenues were both projected to grow.

Chief executive Charlie Peppiatt said: "I am delighted with the positive progress the Group has made in FY2023. Our operational performance has shown sustained improvement with on-time delivery and lead times both improving significantly.

"The detailed activities supporting the delivery of our recently announced strategic plan are now in place and support our budgeted plans for FY2024."

As of 1000 BST, GHH shares were up 4.84% at 524.20p.

Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Gooch & Housego Market Data

Currency UK Pounds
Share Price 492.00p
Change Today -16.00p
% Change -3.15 %
52 Week High 670.00
52 Week Low 437.00
Volume 43,460
Shares Issued 25.79m
Market Cap £126.87m
RiskGrade 209

Gooch & Housego Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.29% below the market average69.29% below the market average69.29% below the market average69.29% below the market average69.29% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Price Trend
33.18% below the market average33.18% below the market average33.18% below the market average33.18% below the market average33.18% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Income
64.58% below the market average64.58% below the market average64.58% below the market average64.58% below the market average64.58% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Growth
47.54% below the market average47.54% below the market average47.54% below the market average47.54% below the market average47.54% below the market average
35.29% below the sector average35.29% below the sector average35.29% below the sector average35.29% below the sector average35.29% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Gooch & Housego Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Jan-24 22-Jun-23
Paid 23-Feb-24 28-Jul-23
Amount 8.20p 4.80p

Trades for 23-Feb-2024

Time Volume / Share Price
16:35 31 @ 492.00p
16:35 1 @ 492.00p
16:35 8 @ 492.00p
16:35 10 @ 492.00p
16:35 1 @ 492.00p

Gooch & Housego Key Personnel

Chair Gary Bullard
CFO Chris Jewell
CEO Charlie Peppiatt

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