Full-Year Trading Update

RNS Number : 2564A

Gooch & Housego PLC

06 October 2009

 



For immediate release

6 October 2009

Gooch & Housego PLC

(The 'Company')

Full-Year Trading Update

Gooch & Housego PLC, the specialist manufacturer of optical components and systems, announces that trading for the year ended 30 September 2009 was in line with management expectations. Preliminary results for the year ended 30 September 2009 will be announced on 1 December 2009.

Gareth Jones, Chief Executive of Gooch & Housego commented: -

'This has been a challenging year in which we reduced headcount by 16% and implemented other cost saving measures in response to a sharp downturn in sales at the end of our first quarter. Trading conditions have since stabilised and in recent weeks we have begun to see early signs of demand improving, although short time working will continue at two of our manufacturing locations until we see more tangible evidence of recovery in our core markets.'

For further information please contact:

Gareth Jones/Andrew Boteler, 01460 256440

Tim Thompson/Chris McMahon, Buchanan Communications Ltd, 020 7466 5000

Patrick Robb, Investec Bank plc, 020 7597 5970

 

END

 

 

MSCFSIFLISUSELS