Never before has it been such a pleasure to report the latest results of a survey on industry conditions. WFOL, in association with Ascent Partners, is delighted to relay that respondents have indicated that the Covid-19 damage to the Wide format Sign & Display sector is not as bad as first thought and that 'downturn predictions' have eased a little. Our sincere thanks to all who took part in this survey.
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| A sample of question results from our latest survey |
Ascent Partners' managing director Richard Rasmussen sumarises the results and compares with earlier indications thus: " The respondents were from nearly all Wide Format sectors, with most in General signage and display Roll / Flatbed and mixed production. During early days of COVID 19, March to July, 75% experienced a downturn. 15% of that number experienced a downturn of 50% or more. The remainder had average falls of around 30%.
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| Richard Rasmussen - Ascent Partners |
"However, the forecast to end of December looks to improvement – Now 60% expect a downturn, Only 7% expect a downturn of 50% or more. The remainder expect an average downturn of around 20%. 75% of respondents expect that they would trade on and adjust staffing to match sales / production. 7% want to acquire business, 11% want to downsize."
The full results follow:
