In its full-year report for 2023, ITSA members remain optimistic, despite a tough year.
Markets continue to vary markedly in performance, with sharp declines in the Communications, Data-Processing, and Mass-Transport markets.
Key Stats: –
• Order-book is down 8% against 2022
• Book to Bill remains just positive at 1:02
• Distribution now has a 54% share of total revenue.
• Some key markets showed more encouraging signs with both Mil/Aero and Test&Measurement up 17% and Medical up 12%
• Declines of -23% to –34% in Communications and Broadcast, but Data-Processing showing a 27% increase Year-on-Year
Despite the market volatility, ITSA members have met their optimistic projection of a small growth for the year-end. However, they are more cautious about 2024, anticipating a flat overall market.
Download a full copy of the ITSA Report
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Link: https://itsa.org.uk/wp-content/uploads/2023/12/ITSA-Report-Full-Year-2023.pdf