Gooch & Housego announce an iinterim dividend of 4.9p per share (2023: 4.8p) has been declared. This dividend will be payable to shareholders on the register as at 21 June 2024 on 26 July 2024.
Other financial highlights include:
Important building blocks put in place to support the delivery of the Group's strategic plan.
Revenue from continuing operations declined 1.4% to £63.6m (H1 2023: £64.5m) or 5.3% on an organic constant currency basis reflecting customer destocking in their industrial and medical laser markets.
EM4 business divested representing an important milestone in reshaping the Group's portfolio. Financials re-presented to treat its trading as discontinued operations.
Adjusted operating profit from continuing operations of £3.8m (H1 2023: £5.4m).
The integration of GS Optics and Artemis into the Group is proceeding to plan. Commercial synergies are being realised.
Order book remains strong at £115.8m (Sept 2023: £115.3m) and continues to grow, substantially de-risking H2 revenue.
Full year expectations are unchanged; execution risks to H2 remain but have been reduced.
