Technology sales up

Sport Business News

New figures show growth in sales by companies supplying technology to broadcast and media companies.

IABM, the industry association that represents broadcast and media technology suppliers worldwide, has announced the first publication in 2009 of its Industry Index which tracks the financial performance of supplier companies in the sector. Growth in sales by companies supplying technology to broadcast and media companies grew by 11. 7% year on year to the end of March 2009, according to the index, whilst 78% of companies tracked in the analysis were in profit, the level of profitability is in decline. European–based vendors are particularly affected by this, with profitability in North American companies holding up well.

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