Cables/Connecting

UK connector sales up 12% over Q4 2022

In its Q1 report for 2023, ITSA members have seen a 12% overall growth in sales, despite a decline in both the communications and mass transport markets.

Distribution remains a major contributor to growth, performing well above pre-pandemic levels.

Other key stats:

  • Significantly, revenues have grown to 13% above pre-pandemic levels
  • Book to Bill for the quarter was flat at 1:1 
  • Some key markets showing continued decline with communications -34% and mass transport -15%, however most markets have bounced back with data processing +53%, Utilities +14% and test & measurement +30%
  • Distribution up 12%, matching overall growth

Overall, 2023 appears to have started positively for ITSA members, but with orders dropping we may see a flattening out in Q3-4.

Also, although there are conflicting market reports out now, with questions remaining about whether or not the UK is in recession, ITSA members and the industry remain resilient. 

A copy of the ITSA Q1 2023 Report is available for download and for further information on ITSA: https://itsa.org.uk/

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