Today’s update notes that whilst FY 2018E results will be in line with expectations (revenue in fact a 5% beat), delays in orders from the Group’s Communications business means that the FY 2019E outcome will be below expectations. Solid’s other business are trading well (two of its three other operating businesses – Distribution and Power – are actually ahead of expectations) but the ultra high margin nature of Comms (>60% gm, more than twice the Group average) means that our FY 2019E PBT and EP ....
12 Apr 2018
Trading Update
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Trading Update
Solid State plc (SOLI:LON) | 1,375 0 0.0% | Mkt Cap: 156.0m
- Published:
12 Apr 2018 -
Author:
WHIreland Research Team -
Pages:
4
Today’s update notes that whilst FY 2018E results will be in line with expectations (revenue in fact a 5% beat), delays in orders from the Group’s Communications business means that the FY 2019E outcome will be below expectations. Solid’s other business are trading well (two of its three other operating businesses – Distribution and Power – are actually ahead of expectations) but the ultra high margin nature of Comms (>60% gm, more than twice the Group average) means that our FY 2019E PBT and EP ....