FY22 half year trading update

Trading

In the first half of the financial year we have seen strong and sustained levels of overall
demand and the Group has a record order book across all its principal areas of business, industrial lasers, telecoms, A&D and life sciences. There continues to be high demand for industrial lasers, especially for those used in semiconductor manufacturing where G&H has captured market share in a growing market.

Medical lasers continue to benefit from the strong return of elective surgery and demand for our medical diagnostics has remained at a high level. We have recently secured important orders for our A&D business, including the supply of an upgraded optical imaging suite for a major UK A&D programme.