bullish
Solid State - Focusing on value-add to drive margin
SUMMARY
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.
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- Solid State - Focusing on value-add to drive margin04 Jul 2018
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