Solid State sees improved H1 results, consistent with FY market expectations

Solid State expects its first-half results will be an improvement on a year ago, and consistent with market expectations for the year as a whole.

It further expected a strong, debt-free balance sheet.

Solid State had an order backlog at 30 September of £14.8m. This comprised £12.7m of underlying revenue and £2.1m of Creasefield revenue.

"As anticipated in our final results in July, in the year to date, the business has focussed on deriving the strategic benefits from its recent acquisitions and promoting cross selling amongst Group divisions," the company said.

Directors said both acquisitions made in the 2015/2016 financial year were substantially integrated, performing well in their own markets and demonstrating synergy benefits.

At about 12:25 BST, shares in Solid State were up 4.54% to 460p.

Solid State supplies specialist industrial/ruggedised computers, electronic components, secure communications systems and battery power solutions to the electronics market.