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Industry

Brexit main concern for German printers

With Brexit still in a state of confusion and uncertainty, two years on from the referendum, the print industry is understandably concerned about the impact it will have on business – whatever the outcome may be.

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German equipment manufacturers count other EU countries as their strongest customers

A survey by Close Brothers Asset Finance has revealed that Brexit is now the top business concern for the 100 German print firms surveyed. Brexit came well ahead of other issues such as competition (14%) and finding extra work capital (15%).

With the final plan for Brexit still pending at the time of writing, 81% predict that Brexit will have a detrimental impact on their revenue.

A recent report from the German printing equipment manufacturers’ association (VDMA) confirmed that German equipment manufacturers count other EU countries as their strongest customers. With sales of paper processing equipment increasing by 125% to UK customers over the previous year, it’s easy to see why.

Brexit’s impact extends well beyond our shores, as evidenced by these results

“Brexit’s impact extends well beyond our shores, as evidenced by these results,” says Roger Aust, managing director of Close Brothers Asset Finance’s print division.

“It clearly demonstrates just how closely the sectors are entwined and how much we depend on each other. It also emphasises how important our continued close business relationships are,” Aust adds.

These figures come just two months after a survey conducted by the British Printing Industries Federation (BPIF) revealed that maintaining a reliable and secure supply chain was the top concern regarding the impact of Brexit, with 34% of respondents already stockpiling some supplies.

Are you concerned about how Brexit will affect your business? Email carys@linkpublishing.co.uk or join in with the conversation on Twitter. 


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