Covid has accelerated the digitisation of all things physical. No more so than in the €10 trillion global construction industry, which some experts reckon has 5 years of catching up to do. A non-insignificant task (eg Crossrail & HS2) that could take decades to play out, but equally realise 100s of £bns of cost, time & productivity savings annually. The €8bn BuildTech sector (10%+ CAGR – see below) is at the heart of this transformation. Providing the glue & ‘digital twins’ that bind all the inter-connected ‘property lifecycle’ parts together – eg CAD/CAM (design), project mgt, visualisation, AI, asset maintenance (operate) and BIM (Building Info Modelling).
This is where BuildTech expert Eleco fits in. Today reporting resilient H1’20 sales of £12.2m (-3.9%, -3% CC), alongside improved operating margins (19.4% vs 16.8% LY), adjusted EBIT (+10.6% £2.37m) & EPS (+8% 2.2p) thanks to tight cost control.
