Press Room
For Immediate Release
July 19 , 2011
Media Contact:
Jamie Riley |
CEDIA Releases Key Findings from Annual Benchmarking Survey
Results find electronic systems contractors are optimistic about the future
INDIANAPOLIS (July 19, 2011)—The Custom Electronic Design & Installation Association (CEDIA) has released key findings from its 2011 Benchmarking Survey, which evaluates the state of the CEDIA member electronic systems contractor businesses for calendar year 2010 and reports on 2011 expectations. Results from the survey indicate that companies are beginning to see some relief from the economic downturn; respondents anticipate their number of projects and new opportunities for growth to increase in 2011.
- Respondents reported that their gross revenue increased by 13% from 2009 to 2010.
- Average net profit margin rose to 4.1% in 2010 from 3.5% in 2009, after having dropped by nearly half from 6.8% in 2007.
- The median number of projects for an ESC company in 2010 was 41, with an average project size of $32,000.
- Remodeling and retrofit work in existing homes continues to be the leading source of revenue for an ESC company, making up 63% of gross revenue.
- Respondents reported that “systems integration/control” was the most profitable product category for them in 2010.
- While still the largest category, the “home theater/media rooms” product category dropped significantly as a percentage of gross revenue from 24% in 2009 to 17% in 2010.
“CEDIA's Benchmarking Survey provides a snapshot of the performance data of industry companies,” said CEDIA CEO Utz Baldwin. “The data gives ESCs the ability to compare themselves to industry averages and high performance metrics, allowing them to identify their company’s strengths and improve upon weaknesses to accomplish greater profitability.”
The survey report provides detailed benchmarks, best practices, and trend analysis based on data collected from CEDIA member electronic systems contractor (ESC) companies. The data represents company information in such categories as strategic and business planning, financial performance and management, operations, and staffing and compensation.
The CEDIA Benchmarking Survey is designed to provide external references and best practices that will help ESCs evaluate and improve their business operations. The survey results also help manufacturers, distributors, sales representatives, consultants, analysts, and those seeking to enter the industry assess the state of the electronic systems contractor business and analyze opportunities for growth and development.
The full Benchmarking Survey report, conducted by independent research firm Brand Ubiquity, will be made available free of charge to the CEDIA members who participated in the survey. The survey is available for purchase through the CEDIA Marketplace at a rate of $1,495 for non-participating CEDIA members and $2,995 for non-members.
A CEDIA EXPO show rate is available for the Benchmarking Survey. A discount of 35% is available for all reports pre-ordered before Sept. 11 through the CEDIA Marketplace .
For more information about the CEDIA Benchmarking Survey, visit www.cedia.org/benchmarking or contact Erica Shonkwiler at eshonkwiler@cedia.org.
About CEDIA
CEDIA is an international trade association of companies that specialize in designing and installing electronic systems for the home. The association was founded in September 1989 and has more than 3,500 member companies worldwide. CEDIA members are established and insured businesses with bona fide qualifications and experience in this specialized field. For more information on CEDIA, visit the association’s website at www.cedia.org.
Follow @CEDIA on Twitter, find us on Facebook at www.facebook.com/CEDIA.Region2, or join the CEDIA group on LinkedIn.
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