17 February 2005
folder [featCategs]
Mixed prospects
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THE refrigeration equipment industry is split over business prospects for this year. Plimsoll Publishing's survey of the top 475 companies in the UK found that
while 43% were approaching 2005 with some caution, 25% were upbeat.
According to David Pattison, senior analyst at Plimsoll Publishing, 52% of this year's companies
suffered a fall in profit since last year's study. 'This,' he says 'supports the fact that margins are coming under
increasing competitive pressure.' Market growth this year is forecasted to be 2%, down from 3% last year.
Full story in the March issue of ACR News - due out 20th February