Gooch & Housego (GHH) is exploring ways to increase its capacity for its 2021 full-year, after securing a full order book for its fibre coupler business. A trading update revealed that its overall order book is up 3 per cent on last year, rising to £94.1m from £91.4m.
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The group noted a challenging macroeconomic backdrop for its industrial lasers business, although technical innovations and new manufacturing techniques that use lasers are expected to ultimately improve demand. The impact of coronavirus is difficult to gauge at this point with factories only recently reopening after a prolonged New Year break, but it is likely hit short-term performance.
