Solid State

LN: SOLI

£52.2m market cap

610p 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.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 10.9 26.6 52.5
Relative* 7.3 19.3 72.3
52-week high/low 675.0p/245.0p
*% relative to local index
Key management
Gary Marsh CEO

Content on Solid State