Gooch & Housego plc (GHH.L), on Thursday, issued an update on trading for the six months ended 31 March 2024, and said it expects 6-month revenue to be about £67.5 million versus the prior year's £71.3 million, supported by the two acquisitions completed in the previous financial year.
Further, the company continues to see trading in the current financial year to be more heavily weighted towards the second half than in FY2023, and expects trading for the full year to be in line with management's previous expectations.
The company stated that it remains in a strong financial position with a robust balance sheet and significant levels of available funding to support the Group's further growth. At the half year net debt was about £32 million and the Group had $35.7 million available from existing committed and uncommitted debt facilities to fund its future growth activities.
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