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Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>As flagged in the April trading update, during FY18 Solid State found it more difficult to win communication contracts in the current ‘America first’ environment. The relative lack of this high-margin work dragged on margins, so adjusted profit before tax fell back slightly, even though both divisions delivered double-digit organic sales growth. </p>

As flagged in the April trading update, during FY18 Solid State found it more difficult to win communication contracts in the current ‘America first’ environment. The relative lack of this high-margin work dragged on margins, so adjusted profit before tax fell back slightly, even though both divisions delivered double-digit organic sales growth. 

Solid State - Focusing on value-add to drive margin

Solid State PLC

Solid State - Focusing on value-add to drive margin