German IT sector sees ray of hope

24th June 2004, Comments 0 comments

25 June 2004 , MUNICH - After three years of decline, Germany's information and telecommunication industry is now looking upward again, with turnover in the sector projected to rise by 2.5 percent, a top IT industry official said. Willi Berchtold, president of the IT industry federation BITKOM, said that in the first quarter of 2004 half of the sector's companies had reported higher sales, and for the full year two-thirds of the firms expect their sales to be higher. "Our branch is on an upward path," he s

25 June 2004

MUNICH - After three years of decline, Germany's information and telecommunication industry is now looking upward again, with turnover in the sector projected to rise by 2.5 percent, a top IT industry official said.

Willi Berchtold, president of the IT industry federation BITKOM, said that in the first quarter of 2004 half of the sector's companies had reported higher sales, and for the full year two-thirds of the firms expect their sales to be higher.

"Our branch is on an upward path," he said. "The mood has turned around."

Turnover in the IT and telecoms sector is seen reaching EUR 132 billion, up 2.5 percent from 2003 figures, while in many companies there had at least been a stop, for the moment, to further payroll reductions.

Driving this year's growth have been the mobile phone companies and digital consumer electronics firms, Berchtold said. More than 71 per cent of mobile phone operators expect their business to improve this year, and 60 percent aim to increase their payrolls.

DPA

Subject: German news

0 Comments To This Article