Trading Statement

RNS Number : 9353R

Solid State PLC

08 May 2009

 

SOLID STATE PLC

('Solid State' or the 'Company')

Trading update & announcement of significant order

The Board of Solid State plc, a leading supplier of battery products, electronic components and industrial computers, is pleased to provide a trading update for the year ended 31st March 2009.

The strong start to the year reported in our interim results continued through to the end of this fiscal period and we closed FY08/09 with record sales. Although our new order intake slowed in Q4, particularly in components, our sound order backlog meant revenues increased sequentially and exceeded expectations given the current economic downturn.

Order intake across the Group improved in April and the Board is pleased to report that on 1^st May we were awarded a £1.2m order from a leading global defence, security and aerospace company for command and control systems for the defence market. £800,000 of this order will be shipped during Q2, with the balance shipping in Q1 of FY10/11.

Despite order visibility remaining difficult, our strong order book and new product introductions mean the directors remain cautiously optimistic for the year ending 31st March 2010.  

Enquires:

Solid State plc

Gary Marsh                                   01892 836 836

Chief Executive 

Charles Stanley Securities         020 7149 6000

Nominated Adviser 
Philip Davies

 

END

 

 

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