Public Displays Solid in Q3

Sales in the Public Display market in Europe were solid in Q3, with year on year growth of 27.5% in volume terms and 3.7% quarterly growth. This was in line with Meko’s latest forecast model, which has been revised to reflect modified seasonality this year.

“The UK saw a really good result in Q3”, said Bob Raikes, Principal of Meko Ltd. “Sales in the UK went above the level of Germany in value terms. Russia also recovered after the disastrous Q2, although we remain nervous about that market if economic sanctions get tighter or if oil prices fall further”, he continued.

“NEC had a strong quarter and took a solid second place behind market leader, Samsung, pushing LG back into third place. 46″ class displays were the top sellers, but very close to 42″. However, the share of displays above 46″/47″ has not been strong and the share of larger sizes was slightly down on the market a year ago. It looks as though, after a big boost a year or so ago, the practical issues of larger displays is limiting the development of larger sets”, Raikes added.

UltraHD panels have started to sell in Europe, but volumes are limited at the moment.