The group has announced a disappointing trading update signalling that despite a record order book, H2 trading has been ‘gated’, with the ramp up in production constrained by labour and supply chain shortages. It expects H2 progress over H1, but now expects FY22 EBIT to be £3.5m lower than previous expectations. It also announces the planned retirement of its long-standing CEO, Mark Webster, to be replaced by Charlie Peppiatt, until recently EVP at TT Electronics. We reduce our FY22 EPS forecast ....
17 Aug 2022
Gooch & Housego - Trading update, 32% EPS downgrade and retirement of CEO
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Gooch & Housego - Trading update, 32% EPS downgrade and retirement of CEO
Gooch & Housego PLC (GHH:LON) | 546 -21.8 (-0.7%) | Mkt Cap: 140.8m
- Published:
17 Aug 2022 -
Author:
David Buxton -
Pages:
5
The group has announced a disappointing trading update signalling that despite a record order book, H2 trading has been ‘gated’, with the ramp up in production constrained by labour and supply chain shortages. It expects H2 progress over H1, but now expects FY22 EBIT to be £3.5m lower than previous expectations. It also announces the planned retirement of its long-standing CEO, Mark Webster, to be replaced by Charlie Peppiatt, until recently EVP at TT Electronics. We reduce our FY22 EPS forecast ....