2019 Annual Report launched
Mark Webster, Chief Executive Officer, commented
“Trading reflected a challenging macro-economic environment for industrial lasers and in contrast record demand for fibre optics, hi-reliability fibre couplers used in undersea cables and life science products. We believe that ultimately technological innovation in industrial laser end market applications and new laser-based manufacturing techniques will drive improved demand for our industrial laser products.
“During the year we invested in manufacturing capacity for areas of high growth such as hi-reliability fibre couplers and in R&D projects that represent the highest return for our photonic technologies.
“Considerable progress was made on our strategic goals of further diversification and moving up the value chain, with Life Sciences more than doubling compared with last year.
“Our order book reflects strong demand for fibre optics, hi-reliability fibre couplers and our A&D and Life Science capabilities, with industrial laser demand yet to recover to more 'normalised’ levels. G&H’s forecasts and plans are not dependent on an industrial laser recovery. The Board is confident the Company is well positioned to deliver progress in FY20 and beyond.”
At Gooch & Housego, we create sustainable value by leveraging our products and capabilities to diversify into new markets.