Value of order books continued to grow

According to preliminary estimates, the turnover of companies in the electronics and electrotechnical industry (telecommunications equipment, electrical equipment and medical technology) in Finland remained more or less unchanged in 2024 compared to 2023. Their turnover in Finland amounted to approximately EUR 20 billion in 2024.

The value of both new orders and order books increased in the October-December 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 October and December was 24 per cent higher than in the preceding quarter and 14 per cent higher than in the corresponding period in 2023.

At the end of December, the value of order books was 14 per cent higher than at the end of September and 16 per cent higher than in December 2023.

On the basis of order trends at the end of last year, the turnover of electronics and electrotechnical industry companies is expected to start rising over the next six months.

The number of personnel employed by electronics and electrotechnical companies in Finland decreased by 1.5 per cent in 2024 from the 2023 average. The industry employed 43,100 people on average in 2024, approximately 700 fewer than in 2023. At the end of December, the number of personnel was 43,000.