Book to Bill positive at 1.05:1, due to a high direct order intake in Q4.
According to The Interconnect Technology Suppliers Association’s (ITSA) latest report, distributors appear to have de-stocked in Q4, down 15%, probably in anticipation of a slow-down in orders. This is important as they represent some 46% of ITSA members sales.
Headline stats: –
- Revenues down -4% year-on-year and orders up 2% year-on-year.
- Order intake in Q4 of 2024 was the highest since Q2 of 2022
- Market performance continues to vary: –
- Broadcast up 83%
- Medical +48%
- Communication +29%
- Mil/Aero +4% (a drop from the +16% in Q3)
- T&M down 17%
- Mass Transport down 13%
2024 was obviously a challenge, but the UK connector market held up well.
2025 is looking like a year of caution with most members expecting flat revenues and if any growth is achieved it will be extremely low single digit. Download a full copy of the ITSA Report
ITSA Membership
Is your company active in the UK interconnect supply-chain, but not yet an ITSA member?
If so, why not contact ITSA to find out more about the excellent benefits of joining?
For further information: https://itsa.org.uk/
