IABM, the industry association that represents broadcast and media technology suppliers worldwide, has published its latest Industry Index which tracks the financial performance of supplier companies in the sector.
Global sales turnover by those supplying technology to broadcast and media companies has declined by 7.2 per cent for the last 12 months as compared to the prior 12 months. There are indicators, however, that during the last quarter of 2009, the decline was halted.
Almost half the companies (47 per cent) in our sample are loss making in this latest 12 month period, with some 29 per cent of organisations moving from profit into loss.
IABM Director General, Peter White, said “Although the worst appears to be over and a degree of optimism is discernible, 2010 is still shaping up to be a fairly lack lustre year. As we exit the year, however, we do expect to see better signs of market improvement with a more promising 2011 and 2012.”