Stable 2014 Revenues Mark FSS Industry Transition Phase - Novaspace

Paris, Washington D.C., Montreal, Yokohama- According to Euroconsult's newly released report, the FSS industry posted an average annual growth rate of 4.3% over 2010-2013 with 2013 showing clear signs of slowdown at only +2%, the lowest growth rate since 2004. Further deceleration was witnessed in 2014, with sales remaining almost flat y-o-y at $12.3 billion. Note however that at constant exchange rates, industry revenue would have grown by 1.9% driven by the significant strengthening of the U.S