The group has announced a positive trading update, with trading overall trading in line with recently upgraded FY expectations. Trading continues at a record level with revenue of about £33m, with improved gross margins and operational drop-through resulting in H1 adj PBT of c£2.5m. Cash flow has been strong with the earlier than expected pay-down of Pacer-related debt resulting in a small net cash position at the period end. No change to forecasts. The shares have been good perfo
24 Oct 2019
Solid State - H1 trading update – in line with stronger cash flow
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Solid State - H1 trading update – in line with stronger cash flow
Solid State plc (SOLI:LON) | 1,355 0 0.0% | Mkt Cap: 153.7m
- Published:
24 Oct 2019 -
Author:
David Buxton -
Pages:
3
The group has announced a positive trading update, with trading overall trading in line with recently upgraded FY expectations. Trading continues at a record level with revenue of about £33m, with improved gross margins and operational drop-through resulting in H1 adj PBT of c£2.5m. Cash flow has been strong with the earlier than expected pay-down of Pacer-related debt resulting in a small net cash position at the period end. No change to forecasts. The shares have been good perfo