The interim results show the more challenging conditions in the microelectronics area previously identified, which are partly affected by US/Chinese trade wars. Robust trading in subsea telecoms still points to a ramp-up in H2, while A&D saw programme delays but Lifesciences traded well. While some recent uptick in microelectronics has been seen, trading in this area is now unlikely to return to normal levels in FY19, with guidance reduced by 3.5m to £4.0m at the adjusted PBT level.
04 Jun 2019
Gooch & Housego - Poor interim results and lower H2 signalled
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Gooch & Housego - Poor interim results and lower H2 signalled
Gooch & Housego PLC (GHH:LON) | 564 0 0.0% | Mkt Cap: 145.4m
- Published:
04 Jun 2019 -
Author:
David Buxton -
Pages:
8
The interim results show the more challenging conditions in the microelectronics area previously identified, which are partly affected by US/Chinese trade wars. Robust trading in subsea telecoms still points to a ramp-up in H2, while A&D saw programme delays but Lifesciences traded well. While some recent uptick in microelectronics has been seen, trading in this area is now unlikely to return to normal levels in FY19, with guidance reduced by 3.5m to £4.0m at the adjusted PBT level.