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News Release from: MTW Research | Subject: UK Underfloor Heating Industry
Edited by the Buildingtalk Editorial
Team on 14 February 2008
Underfloor heating industry set to top
GBP300m
Report on the UK Underfloor Heating Industry, from specialist publisher MTW Research, has found that the sector is set to exceed a net worth of GBP300 million in 2008.
Buoyant growth in assets, coupled with a continued decline in debt levels by the majority of underfloor heating suppliers, continued to boost the industry during 2007 According to MTW, this healthy level of growth is also likely to continue at least until 2012
This article was originally published on Buildingtalk on 29 Jan 2008 at 8.00am (UK)
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The research for this new report, competitively priced at GBP375, also found that sales revenue grew by 10% in 2007.
Despite forecasts of a slight slowdown, MTW predicts that turnover growth should remain reasonably strong in the short to medium term.
In addition, the industry also experienced substantial growth in profitability during 2007, with profit levels set to rise faster than inflation in 2008, despite current predictions of a slowdown in the UK economy, and against a backdrop of rising inflation.
The report goes on to find that the total assets of the underfloor heating industry are set to top GBP730 million in 2008, having grown from GBP620 million in 2004, underlining the positive performance in terms of the industry's net worth.
MTW's report also states that debt levels should continue to fall to below GBP390 million by 2012.
MTW's original report also reviews average sales, profit levels and other financial indicators in the report, with figures provided since 2004, and forecasts to 2012.
These figures highlight the continued fragmentation in the market in terms of supply, with average sales revenue only recently reaching double digits.
Total sales of the 75 UFH suppliers ranked by MTW are forecast to exceed GBP1 billion for the first time in 2008, reflecting the ongoing strength and demand for UFH products.
The report, available to purchase exclusively from MTW's website or by calling 08456 524324, also ranks the suppliers by profit, assets, net worth and number of employees as well as including a 1 page financial profile and 'health indicator chart' for each company.
Further information and a free sample of the report is available to download from MTW's website.
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