Gooch and Housego has reported a rise in revenue and order book value as the tech components manufacturer passed on higher operating costs to customers.
Bosses at the Aim-listed firm, which makes photonic systems used in the aerospace and defence sectors as well as scientific research, said they expected first-half revenue to be around £71m - up from £54.1m a year earlier.
The company, which has its global headquarters in Somerset, said this had been driven by the effects of price increases to offset inflated input costs from its supply chain, as well as “favourable exchange rate movements”.
