Gooch & Housego (GB:GHH) has released an update.
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Gooch & Housego PLC reported a slight decline in revenue to £63.6m and an adjusted profit before tax of £2.6m for the first half of 2024, compared to the previous year, due to customer destocking in industrial and medical laser markets. However, the company remains optimistic with a strong order book valued at £115.8m and strategic progress including the divestment of EM4 and integration of GS Optics and Artemis. The full year expectations are unchanged with reduced execution risks for the second half.
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