Edison Investment Research - Solid State (SOLI) Solid State - FY19 slightly ahead of upgraded consensus

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Edison Investment Research

Anne Margaret Crow

Solid State - FY19 slightly ahead of upgraded consensus

Solid State has announced that FY19 profit will be slightly ahead of the Â£3.5m in consensus estimates, as will revenue at c Â£56m. This is the result of continued strong demand in the Value Added Distribution division and the anticipated H2 recovery in the Manufacturing division materialising. Consensus FY19 and FY20 estimates are unchanged following the January upgrade, supported by an order book at end March 2019 that was 40% higher than a year previously. While the share price has responded positively to the news, the shares continue to trade at a substantial discount to peers with regards to prospective P/E.

01/05/2019 2 EN

Underlying

Solid State

Solid State manufactures electronic equipment and distributes electronic components and materials. Co. has two divisions: Distribution, which is a distributor serving the needs of the electronics original equipment manufacturer community in the U.K. and products provided include those for the internet of things, embedded processing, control, wireless and wired communications, power management, and light-emitting diode lighting from manufacturers; and Manufacturing, which is engaged in the design, development and supply of rugged and industrial computers, portable power and energy storage solutions, communication systems, antennas and high bandwidth video transmission products.

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GB0008237132 London Stock Exchange United Kingdom

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Anne Margaret Crow

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Solid State - FY19 slightly ahead of upgraded consensus

Solid State (SOLI LN) - Defence supports resilient underlying performance in FY25 - Corporate

Solid State (SOLI LN) - FY25 trading update: Defence driving improving performance - Corporate

Solid State (SOLI LN) - $25m order leads to 20% uplift in EPS - Corporate

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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