The latest quarterly survey of CEDA members shows that 50% felt that average margins were better in 2014 compared to 2013. The new question in the survey also showed that 35% of members suggested margins had stayed at 2013 levels.
The good news that margins have been maintained and boosted for a significant number of CEDA members is backed up with quarterly data to January 2015 showing that 70% of members enjoyed better sales than the previous quarter in 2014.
The figures suggest CEDA members are looking positively at 2015 and beyond as Adam Mason, CEDA director general, commented: “I’m pleased that the majority of our members held their profit margins in 2014 and a significant number recorded improved average margins.
“Improving members’ margins has been, and will continue to be, a significant focus for CEDA as we strive to add value to their businesses. We know a number have been recruiting new employees and expanding their businesses which is all very encouraging for the future.”