Solid growth for German CE in 2014

Relatively strong Christmas sales helped deliver 2.5% year-on-year growth for the German consumer electronics business in 2014, with sales of TVs forecast to be stable this year. 

The Christmas period saw CE sales rise by 2.3% to €8.5 billion, contributing to overall annual sales of €27.6 billion for the year, according to figures released by consumer electronics trade association the GFU.

The GFU said sales of TVs are likely to be “stable” in 2015, with an overall forecast of 8.2 million units. According to the GFU, smart TVs are likely to account for 75% of sales, while two thirds of TVs sold this year will have screen sizes of more than 37 inches.