Gooch & Housego
GHH · AIM · Technology · mcap £335m · 1225.0p
Gooch & Housego designs and makes lasers components, optical systems and fibre products used in aerospace and defence, life sciences and industrial markets. It sells mainly to equipment makers, so demand follows their orders and stock levels.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| FY2024 | Grow A&D and Life Sciences revenue in FY2024 despite industrial destocking | 3 Oct 2023 | ◐ Partly kept |
|
Status so far
Group revenue was flat and profit fell after two guidance cuts. Destocking lasted longer than expected. “G&H delivered a strong performance in the second half of the year underpinned by solid demand for our Life Sciences and A&D products”3 Dec 2024 · Results for the year ended 30 September 2024 “A&D revenue growth in the year was 26.0% and on an organic constant currency basis grew by 10.3% compared with the prior year”3 Dec 2024 · Results for the year ended 30 September 2024 |
|||
| 30 Sep 2024 | EM4 sale marginally accretive to FY2024 underlying earnings | 18 Mar 2024 | ✗ Missed · target changed |
|
Result
FY2024 earnings per share fell to 25.5p from 33.9p after profit warnings. “Adjusted basic earnings per share (pence)* | 25.5p | 33.9p | (24.8%)”3 Dec 2024 · Results for the year ended 30 September 2024 |
|||
| 30 Sep 2024 | Further material orders for the US Life Sciences centre in H2 FY2024 | 4 Apr 2024 | … In progress |
|
Result
Not yet due. |
|||
| 30 Sep 2024 | Complete phase one of Rochester NY R&D facilities before September 2024 | 15 Aug 2024 | … In progress |
|
Result
Not yet due. |
|||
| 2025 | |||
| 30 Sep 2025 | Deliver profitable growth and significantly improved performance in FY2025 | 3 Dec 2024 | ✓ Kept |
|
Also stated 24 Feb 2025
Result
FY2025 adjusted profit before tax rose to £11.9m from £8.1m on revenue of £150.5m. “Adjusted profit before tax from continuing operations was £11.9m, an increase of 46.8% over last year (FY2024: £8.1m).”2 Dec 2025 · Results for the year ended 30 September 2025 “Full year revenue increased by 10.7% to £150.5m (FY2024: £136.0m)”2 Dec 2025 · Results for the year ended 30 September 2025 |
|||
| 30 Sep 2025 | Global Photonics marginally earnings enhancing in FY2025, more thereafter | 14 May 2025 | … In progress |
|
Result
Not yet due. |
|||
| 30 Sep 2025 | Over 95% order cover for FY2025 | 3 Jun 2025 | ✓ Kept |
|
Result
July 2025 update confirmed FY2025 revenue cover over 95%, and results were in line. “Our order book remains at a healthy and growing level and we have over 95% cover needed to support expected FY2025 revenue.”21 Jul 2025 · Chief Financial Officer Transition “The Group's order book continues to grow and at 30 September 2025 was £142.3m”7 Oct 2025 · Full Year Trading Update |
|||
| 2026 | |||
| 30 Sep 2026 | FY2026 expectations unchanged, with production ramp and greater H2 weighting | 27 Feb 2026 | ✗ Missed · target changed |
|
Also stated 2 Jun 2026
Result
July 2026 update said supply constraints delayed deliveries, leaving a weaker H1/H2 balance than expected. “The Group's trading performance for the financial year ending 30 September 2026 (”30 Jul 2026 · Trading Update “reflecting the impact of supply-chain constraints on the timing of order book conversion and programme deliveries”30 Jul 2026 · Trading Update |
|||
| Today · 10 Oct 2026 | |||
| 16 Oct 2026 | Takeover scheme effective by 16 October 2026 | 2 Sep 2026 | … In progress |
|
Status so far
Not yet due. |
|||
| 2027 | |||
| 28 Feb 2027 | Chairman Gary Bullard to leave the board before February 2027 | 4 Nov 2025 | … In progress |
|
Status so far
Not yet due. |
|||
| 2028 | |||
| 2028 | Deliver mid-teen return on sales over the medium term, by 2028 | 5 Dec 2023 | … In progress |
|
Also stated 3 Jun 2025
Status so far
Not yet due. |
|||
| 2035 | |||
| 2035 | Achieve net zero for scope 1 and 2 emissions by 2035 | 5 Dec 2023 | … In progress |
|
Status so far
Not yet due. |
|||