Sales are increasing at more than 14 per cent per annum in broadcast and media technology companies worldwide, according to the latest Industry Index published today by the IABM – the trade association which represents broadcast and media technology suppliers
Sales for European companies are storming ahead at over 17 per cent per annum, while their North American counterparts are growing at just 10.3 per cent. The profit-to-sales ratio stands at 12 per cent with European businesses leading the way as well. Large companies dominate the profit performance with a profit-to-sales ratio of 13 per cent compared to smaller businesses at just 3 per cent.
The IABM released the index which tracks the financial performance of more than 60 companies who in total report sales of $8.6billion, representing more than two thirds of the global market. The Index is balanced at 50:50 North America to European companies based on sales turnover.
Commenting on the report, Roger Crumpton, IABM CEO said, “Our market is changing fast and companies are achieving an excellent level of performance. The continued roll-out of HD and digital operating infrastructures is supporting that growth.”