Order intake remains stable in the second quarter

In 2024, the turnover of mechanical engineering companies (machinery, metal products and vehicles) in Finland decreased by just under 1 per cent on 2023. Their turnover in Finland amounted to approximately EUR 39 billion in 2024.

In the January-April period of this year, the turnover of mechanical engineering companies in Finland was down 1 per cent year-on-year.

The value of new orders in mechanical engineering increased by 1 per cent in the April-June period from the preceding quarter. Year-on-year, the value of new orders increased by 13 per cent.

At the end of June, the value of order books was 2 per cent higher than at the end of March and 17 per cent higher than in June 2024. It should be noted that shipyards have an exceptionally large share of the total value of order books. The order books of defence companies have also seen considerable growth. High-value projects scheduled over a lengthy period increase the value of order books in the industry over the long term.

On the basis of order trends in the first half of the year, the turnover of mechanical engineering companies is expected to grow in 2025.

The number of personnel employed by mechanical engineering companies in Finland at the end of June was 0.4 per cent higher than at the end of March. The industry employed approximately 136,600 people in June.