The value of new orders down

The turnover of companies in the electronics and electrotechnical industry (telecommunications equipment, electrical equipment and medical technology) in Finland grew by around one per cent in 2024 from 2023. Their turnover in Finland amounted to approximately EUR 20 billion in 2024.

The value of both new orders and order books rose in the January-March period from the preceding quarter. As has been typical for the sector in recent years, order volumes can fluctuate strongly from one quarter to another.

The electronics and electrotechnical companies that took part in Technology Industries of Finland’s survey of order books reported that the monetary value of new orders between January and March was 22 per cent lower than in the preceding quarter, but 10 per cent higher than in the corresponding period in 2024.

At the end of March, the value of order books was 15 per cent lower than at the end of December, but 7 per cent higher than in March 2024.

Judging from order trends at the turn of the year, the turnover of electronics and electrotechnical industry companies is expected to grow during 2025.

The number of personnel employed by electronics and electrotechnical companies in Finland at the end of March was 0.2 per cent higher than at the end of December. The industry had approximately 43,100 employees in March.