Value of new orders down slightly

The turnover of companies in the electronics and electrotechnical industry (telecommunications equipment, electrical equipment and medical technology) in Finland grew by approximately 11 per cent in 2024 from 2023. In 2024, their turnover in Finland amounted to EUR 22 billion.

In the January–July period of this year, the turnover of companies in the electronics and electrotechnical industry in Finland was up two per cent year-on-year.

In the July–September period, the value of both new orders and order books in the electronics and electrotechnical industry decreased on the previous quarter. Exceptionally large orders were recognised in the previous quarter, which explains this decline. 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 in the July–September period was 10 per cent lower than in April–July, and two per cent lower than in the corresponding period of 2024.

At the end of September, the value of order books was three per cent higher than at the end of June and 10 per cent higher than in September 2024.

Judging from order trends in the first half 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 September was 0.3 per cent higher than at the end of June. The industry employed approximately 44,100 people in June.