Automation industry is silver lining to economic cloud

27 September 2007

The UK automation and control systems industry is weathering uncertainty, rife on world markets, according to business analyst, Plimsoll.

“Our summary of the market finds 63% of companies in the sector in a surprisingly confident mood,” said David Pattison, senior analyst at Plimsoll. “This has been fuelled largely by their latest results, but we have identified a group of 37 companies which are the driving force behind resurgence, having increased their sales by 24% and lifted their profitability from 58% last year to 11.5% this year.”

Plimsoll claims that, in addition to resisting economic scare stories, levels of investment among these companies are increasing for the first time in five years.

However, Plimsoll warns against complacency. The analyst pinpointed 17 companies that had failed to cope with these new levels of business performance. Pattison suggests they will struggle to survive if economic pressures continue.

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