Laboratory Equipment Market's Health Improving |
14 Jun 2007 |
| The UK laboratory equipment market is a healthier place to invest than six months ago with companies increasing their returns on investments. According to a new report published by Plimsoll Publishing, the UK's laboratory equipment market is in good shape and while the market size has not grown in the last six months, companies are looking in better shape than at the turn of the year. The report, entitled 'The UK Scientific and Laboratory Equipment Industry', lists Applied Biosystems, Crystalox, Diploma, E2V Technologies and Spectris as some of the best trading partners in the industry. According to David Pattison, author of the report, the best trading partners managed to successfully balance commercial growth and financial performance. "We look at their business on two crucial criteria areas: the company's sales growth - a measure of their commercial success and their ability to drive their business on; and their financial strength - are they compromising their financial strength to drive that growth," said Pattison. "262 of the 327 companies that we rate as strong are arguably ones you want to be doing business with and riding on their coat-tails." According to the report, the outlook for the industry is the same as forecast at the end of the last year, with the market size still estimated be worth around £5bn. This is consistent with the average sales growth remaining steady at around 5.7 per cent, with larger companies pushing their growth faster than smaller companies. |
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