Gooch & Housego PLC
04 October 2007
For immediate release 4 October 2007
Gooch & Housego PLC
(The 'Company')
Full Year Trading Update
Gooch and Housego PLC, the specialist manufacturer of optical components and
systems, today announces a trading up-date for the year to 30 September 2007.
While market conditions in the second half of the year were more variable that
they were in the first half, we have nevertheless experienced encouraging growth
in certain sectors and this has translated into strong performances by several
of our operational units. As a result, trading for the full year is slightly
ahead of market expectations.
SIFAM Fibre Optics Limited has made a positive contribution to overall
performance since the acquisition was completed in May 2007, and the company is
already becoming integral to our plans to develop future products and markets.
Significant progress has been made on the construction of our new facility in
Ilminster, which remains on target for completion by the end of the calendar
year.
The senior management team has been strengthened in the last few months with the
appointment of a Vice President, Sales, and the influx of experience from SIFAM.
We are now well-advanced with the establishment of a global sales and marketing
organisation, which is an intrinsic part of our group-wide reorganisations.
For further information please contact:
Gareth Jones, Chief Executive Officer, 01460 52271
Tim Thompson or Nicola Cronk, Buchanan Communications, 020 7466 5000
Andrew Edwards, Oriel Securities, 020 7710 7600
This information is provided by RNS
The company news service from the London Stock Exchange
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