Stable but uninspired – this describes the German component distribution market during the second quarter 2018. Sales by companies registered with the Fachverband Bauelemente Distribution (FBDi e.V.) grew in the months April, May and June by five per cent (compared with Q2/2017) to 949 million Euros. The order situation performed better, and with 1.04 billion Euros exceeded the billion Euro mark once again. With 1.09 the book-to-bill rate (order intake to revenue) remained on a high level.
Broken down by technology the passive components grew strongest with 14.4 per cent (reaching 137 million Euros), followed by electromechanics (7.7 per cent growth to 100 million Euros) and semiconductors (2.8 per cent to 654 million Euros). Power supplies recorded 13.7 per cent growth to 27 million Euros, and displays lost 4.3 per cent ending at 21 million Euros. Regarding the breakdown of sales there is slight changes: semiconductors 68.9 per cent, passive components 14.4 per cent, electromechanics 10.6 per cent, power supplies 2.8 per cent and others (sensors, displays, assemblies) 3.3 per cent.
Georg Steinberger, FBDi chairman of the board: “The effect of postponed orders due to the poor supply situation continues during the second quarter. Since mid of 2016 the orders have grown substantially stronger than the revenue, but do not have a recognisably adverse effect on the revenue growth. All this indicates that either the backlog is growing or the cancellations have increased. This will be reflected in the overall year 2018, we expect a moderate growth in the one single-digit range at the best.”
“The trade dispute does not seem to have a significant impact on the overall German economic growth so far. Somehow the high technology market, by and large, seems to be uninfluenced of the political situation. Endogenous factors such as missing production capacities and shortage play a more important role.”