- Aerospace and defence revenue rises by a quarter
- Net debt down 19 per cent
Photonic components manufacturer Gooch & Housego's (GHH) struggles with demand weakness in its industrial and medical laser markets was apparent in its annual flat revenue performance, but a 15 per cent sales improvement in the second half (on an organic, constant currency basis) highlighted progress in tough trading conditions as the company pointed to expectations of a "sustained recovery in demand" in subdued markets in the second half of 2025.