Gooch & Housego (GHH) AGM 2025 presentation summary

Business overview and performance

• 2024 revenue reached £136M, with sector split: Life Sciences 25%, Aerospace & Defence 25%, Industrial & Telecom 50%.

• Customers demand specialized, high-performance photonics solutions, driving innovation.

• Revenue by region: America 42%, Europe 40%, Rest of World 18%.

• Employs 980 staff across 10 global manufacturing and design sites.

Strategic direction and operational progress

• Strategy centers on innovation, customer focus, and sustainable growth through four priorities: people, self-help, technology, and investment.

• R&D investment increased to £7.8M (5.8% of sales) in FY2024; new product revenue rose to £25.3M.

• On-time delivery improved to 83.9%, and customer NPS climbed to 42.

• Outsourcing revenue grew to 8.5% of group total, with plans to exceed 25%.

Acquisitions and value creation

• Acquired Phoenix Optical in October 2024 for up to £6.75M, enhancing precision optics capabilities.

• Acquisition brings revenue and cost synergies, strengthens A&D relationships, and adds scalable sovereign capability.

• Technology focus areas include medical lasers, semiconductor AO, submarine networks, and bio-photonics.

• Over £50M margin-accretive business expected from new products in these areas.