All’s right in the world of broadcast technology sales according to the IABM. The broadcast organisation has published its latest Industry Index. Global sales in the broadcast technology market have increased by 11.4% year on year, which is similar to the growth figures previously reported.
Aggregate profitability is still improving (19% year on year) and at a faster rate than global sales. As a result the global index for profit to sales ratio stands at 12.7% – the highest figure since the index began.
Almost 80% of the companies in the index are profitable, with 15% moving into profit compared to being loss making in the previous twelve months.
IABM CEO Roger Stanwell said: “These figures confirm the healthy state of our sector over the last twelve months. As yet, there is no firm evidence of an industry wide downturn in broadcast infrastructure investment, although there are anecdotal reports of a turndown in a few areas. The upcoming NAB Convention in Las Vegas will be an interesting sounding board for the industry’s prospects in 2008, in what is undoubtedly an uncertain global economic climate.”
The industry index tracks the year on year changes in overall sales and profitability for the broadcast and media technology sector. It is derived from studying the latest financial data of more than seventy companies.