Solid State

LN: SOLI

£50.1m market cap

585p last close

Solid State is a high value-add manufacturer and specialist design-in distributor to the electronics industry. It has expertise in industrial/ruggedised computers, antennas, microwave systems, secure communications systems and battery-power solutions.

Investment summary

As flagged in the April trading update, Solid State’s FY20 results showed a 19.7% growth in revenues and 34.3% jump in adjusted profit before tax. Demand from the medical and food retail sectors is strong but weakness in the oil & gas and commercial aviation sectors related to the coronavirus pandemic is likely to result in lower year-on-year sales during Q2 and early Q321. While management sees potential for a Q4 recovery, the current range of FY21 profit outcomes is wide, so it is not providing guidance.

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Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual (7.9) 10.4 26.6
Relative* (5.0) 17.6 57.6
52-week high/low 675.0p/245.0p
*% relative to local index
Key management
Gary Marsh CEO

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