Gooch & Housego PLC issued a trading update for the financial year ended 30 September 2024. The Group said trading in the second half of the financial year has been strong compared with the first half and is in line with current market expectations. The Board now expects the Group to deliver full year revenue and adjusted pre-tax profit in line with current market expectations.
The Group stated that cash generation in the second half of the financial year has been good and the Group has been able to reduce its borrowing by $3.9 million. Net debt, pre-IFRS 16, at the financial year end is, projected to be slightly better than market expectations.
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