Monthly statistics

1. Technology industry /
Finnish economic outlook
October 2023
1
10/12/2023 Technology Industries
of Finland

2. The Finnish technology industry is comprised of
five sub-sectors
2
10/12/2023 Technology Industries
of Finland
ELEKTRONICS AND ELECTROTECHNICAL
INDUSTRY
ABB, Ensto, Murata Electronics, Nokia,
Planmeca, Polar Electro, Suunto, Vacon,
Vaisala…
METALS INDUSTRY
Boliden, Componenta, Kuusakoski,
Luvata, Outokumpu, Ovako, Sacotec,
SSAB …
MECHANICAL ENGINEERING
Abloy, Cargotec,, Fiskars, Glaston, Kone,
Konecranes, Metso, Meyer Turku, Neles,
Normet, Oras, Patria, Pemamek, Ponsse,
Prima Power, Stala, Valmet, Valtra,
Wärtsilä…
INFORMATION TECHNOLOGY
Basware, CGI, Digia, Efecte, Enfo,
F-Secure, Fujitsu Finland, IBM, Innofactor,
Knowit, Microsoft, Nixu, TietoEVRY…
CONSULTING ENGINEERING
AFRY, A-Insinöörit, Citec, Elomatic,
Etteplan, FCG, Granlund, Ramboll, Rejlers,
Sitowise, SWECO, WSP…

3. The Finnish technology industry is comprised of
five sub-sectors
3
ELEKTRONICS AND ELECTROTECHNICAL
INDUSTRY
• Data communications equipment, electrical
machinery, medical technology
• Turnover (2022): 21 billion euros
• Personnel (2022): 40,700
METALS INDUSTRY
• Steel products, non-ferrous metals,
castings, metallic minerals
• Turnover (2022): 19 billion euros
• Personnel (2022): 16,000
MECHANICAL ENGINEERING
• Machinery, metal products, vehicles
• Turnover (2022): 38 billion euros
• Personnel (2022): 135,800
INFORMATION TECHNOLOGY
• IT services, applications and
programming
• Turnover (2022): 19 billion euros
• Personnel (2022): 83,500
CONSULTING ENGINEERING
• Expertise for construction industry and
infrastructure
• Turnover (2022): 7 billion euros
• Personnel (2022): 54,100
10/12/2023 Technology Industries
of Finland

4. The technology industry –
the largest export sector in Finland
4
• Over 50 % of total exports.
• Some 338,000 employed directly in the
sector, including indirect effects 720,000
people.
• Effect on value added totaling € 63 billion,
or 29% of GDP value added.
• Bring to Finland € 23 billion tax revenue
annually.
• Investments almost EUR 6.0 billion
annually in Finland.
• 65 % of private-sector R&D investment.
10/12/2023 Technology Industries
of Finland

5. Value added to the economy generated by the
technology industry is EUR 55 billion, or over 28%
of GDP * (2017)
5
28.8, 53%
15.6, 29%
10.1, 18%
A total of EUR 54.5 billion
Impact on technology industry
(direct influence)
Impact on other industries
(indirect influence)
Impact on private consumption
(income effect)
*) GDP value added was EUR 193.3 billion in 2017.
Source: Economic Impact of the Technology Industry in Finland 11/2018
10/12/2023 Technology Industries
of Finland

6. Technology industry generates nearly 650,000 jobs
in Finland (over 25% of all employees) (2017)
6
304,600, 47%
225,800, 35%
114,600, 18%
A total of 644 900 employees
Impact on technology industry
(direct influence)
Impact on other industries
(indirect influence)
Impact on private consumption
(income effect)
10 jobs in the technology industry bring
11 jobs to the rest of the economy
Source: Economic Impact of the Technology Industry in Finland 11/2018
10/12/2023 Technology Industries
of Finland

7. Every job in the technology industry generates
almost another job in the services (2017)
7
295,100, 87%
12,200, 3%
33,100, 10%
Impact on other industries and on
private consumption: 340,300 employees
Services*
Primary production
Processing*
*) Excl. the services industries in the technology industry.
Source: Economic Impact of the Technology Industry in Finland 11/2018
10/12/2023 Technology Industries
of Finland

8. Technology industry generates over 18 billion
euros in tax revenue annually in Finland (2017)
8
9.2, 50%
4.3, 24%
4.7, 26%
A total of EUR 18.2 billion
Impact on technology industry
(direct influence)
Impact on other industries
(indirect influence)
Impact on private consumption
(income effect)
Source: Economic Impact of the Technology Industry in Finland 11/2018
10/12/2023 Technology Industries
of Finland

9. Turnover of the technology industry in Finland
9
Source: Macrobond, Statistics Finland, Technology Industries of Finland
10/12/2023 Technology Industries
of Finland

10. 10
*) In addition to goods exports the sector exported services worth some 16-18 billion euros.
Source: Finnish Customs, Statistics Finland
Export of tchnology industry goods from Finland
by area in 2022
Total goods exports 41.31 billion euros*
North America
5.10 billion €
12.4 %
Western Europe
22.02 billion €
53.3 %
South and
Middle America
1.51 billion €
3.6 %
Central and Eastern Europe
5.43 billion €
13.1 %
Africa
0.65 billion €
1.6 %
Middle and
Central East
0.51 billion €
1.2 %
Asia
5.99 billion €
14.5 %
10/12/2023 Technology Industries
of Finland

11. Turnover of the industry and technology industry
in Finland
11
Source: Macrobond, Statistics Finland
10/12/2023 Technology Industries
of Finland

12. Turnover of the technology industry in Finland
12
Source: Macrobond, Statistics Finland
10/12/2023 Technology Industries
of Finland

13. Value of new orders in the technology industry* in
Finland
13
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation April-June 2023.
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
Combined
Export
Domestic
Million euros, at current prices
Change: II,2023 / II,2022 II,2023 / I,2023
Export: -2 % -10 %
Domestic: -15 % -5 %
Combined: -5 % -9 %
*) Excl. metals
industry, game
industry and data
center companies
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

14. Value of order books in the technology industry*
in Finland
14
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th June 2023.
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
28,000
30,000
32,000
34,000
36,000
Export
Domestic
Million euros, at current prices
Change: 30.6.2023 / 30.6.2022 30.6.2023 / 31.3.2023
Export: -4 % -9 %
Domestic: -2 % +1 %
Combined: -4 % -6 %
*) Excl. metals
industry, game
industry and data
center companies
Combined
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

15. Value of new orders in the electronics and
electrotechnical industry in Finland
15
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Combined
Export
Domestic
Million euros, at current prices
Change: II,2023 / II,2022 II,2023 / I,2023
Export: -9 % -21 %
Domestic: -6 % -6 %
Combined: -9 % -19 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation April-June 2023.
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

16. Value of order books in the electronics and
electrotechnical industry in Finland
16
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
Export
Domestic
Million euros, at current prices
Change: 30.6.2023 / 30.6.2022 30.6.2023 / 31.3.2023
Export: -8 % -18 %
Domestic: -5 % +2 %
Combined: -7 % -15 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th June 2023.
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

17. Value of new orders in the mechanical engineering
in Finland
17
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Combined
Export
Domestic
Million euros, at current prices
Change: II,2023 / II,2022 II,2023 / I,2023
Export: +7 % +5 %
Domestic: -26 % +3 %
Combined: -2 % +4 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation April-June 2023.
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

18. Value of order books in the mechanical
engineering in Finland
18
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
Export
Domestic
Million euros, at current prices
Change: 30.6.2023 / 30.6.2022 30.6.2023 / 31.3.2023
Export: -3 % -5 %
Domestic: -3 % +0 %
Combined: -3 % -4 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th June 2023.
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

19. Turnover of the metals industry in Finland
19
Seasonal adjusted turnover index
Shares of turnover 2022: iron and steel products, non-ferrous metals and castings 91 %, mining of metal ores 9 %
Source: Statistics Finland
10/12/2023 Technology Industries
of Finland

20. Production volume of the metals industry in
Finland
20
Seasonal adjusted volume index
Shares of turnover 2022: iron and steel products, non-ferrous metals and castings 91 %, mining of metal ores 9 %
Source: Statistics Finland
10/12/2023 Technology Industries
of Finland

21. Value of new orders in the consulting engineering
in Finland
21
0
50
100
150
200
250
300
350
400
Combined
Export
Domestic
Million euros, at current prices
Change: II,2023 / II,2022 II,2023 / I,2023
Export: -28 % -14 %
Domestic: -17 % -8 %
Combined: -17 % -9 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation April-June 2023.
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

22. Value of order books in the consulting engineering
in Finland
22
0
100
200
300
400
500
600
700
800
900
1,000
1,100
Export
Domestic
Million euros, at current prices
Change: 30.6.2023 / 30.6.2022 30.6.2023 / 31.3.2023
Export: -26 % -26 %
Domestic: -1 % -1 %
Combined: -3 % -3 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th June 2023.
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

23. Value of new orders in the information
technology* in Finland
23
0
100
200
300
400
500
600
700
800
900
Million euros, at current prices
Change: II,2023 / II,2022 II,2023 / I,2023
Combined: +7 % -13 %
*) Excl. game industry and data center companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation April-June 2023.
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

24. Value of Order Books in the Information
Technology* in Finland
24
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
Million euros, at current prices
Change: 30.6.2023 / 30.6.2022 30.6.2023 / 31.3.2023
Combined: -0 % +1 %
*) Excl. game industry and data center companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th June 2023.
Technology Industries
of Finland
10/12/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

25. Technology Industry Personnel
25
10/12/2023 Technology Industries of
Finland
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
June
30th
6,000 employees affected by
temporary lay-offs 30th June
2023

26. 26
10/12/2023 Technology Industries of
Finland
Source: The Federation of Finnish Technology Industries’ labour force survey
-4,000
-2,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
2015Q1
2015Q2
2015Q3
2015Q4
2016Q1
2016Q2
2016Q3
2016Q4
2017Q1
2017Q2
2017Q3
2017Q4
2018Q1
2018Q2
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
2019Q4
2020Q1
2020Q2
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
2022Q4
2023Q1
2023Q2
Change in number of personnel comparede to previous quarter Number of recruitments during the quarter
Growth in headcount stalled in the technology
industry in Finland

27. Technology Industry Personnel in Finland by
Industry
27
10/12/2023 Technology Industries of
Finland
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
June
30th

28. Technology Industry Personnel in Subsidiaries
Abroad by Industry
28
10/12/2023 Technology Industries of
Finland
Source: The Federation of Finnish Technology Industries’ labour force survey, Macrobond

29. Technology Industry Personnel in Subsidiaries
Abroad by Country
29
10/12/2023 Technology Industries of
Finland
Information from year 2022, total 278 000
94 200
5 800
6 700
8 000
9 900
14 700
16 200
18 400
26 200
33 200
44 200
Others
10. Italy
9. Norway
8. UK
7. France
6. Sweden
5. Poland
4. Germany
3. USA
2. India
1. China
34%
2%
2%
3%
4%
5%
6%
7%
9%
12%
16%
Others
10. Italy
9. Norway
8. UK
7. France
6. Sweden
5. Poland
4. Germany
3. USA
2. India
1. China

30. Retirement of technology industry personnel in
Finland
30
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Salaried employees
Blue collar employees
Individuals per year
Source: Wage inquiry of the Techonology Industries of Finland, Finnish Centre for Pensions, Statistics Finland
Technology Industries
of Finland
10/12/2023

31. Retirement of technology industry blue collar
employees in Finland
31
0
500
1000
1500
2000
2500
3000
3500
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Mechanical engineering Metals industry Electronics and electrotechnical industry
Individuals per year
Source: Wage inquiry of the Techonology Industries of Finland, Finnish Centre for Pensions, Statistics Finland
Technology Industries
of Finland
10/12/2023
Number of individuals retiring
(estimation)
Number of individuals retired

32. World economic outlook
- Finland as a part of global
economy
32
10/12/2023 Technology Industries of Finland

33. GDP in Euro Area and Finland by quarter
33
Lähde: Macrobond
Technology Industries
of Finland
10/12/2023

34. Export of goods and services from Finland and
Euro Area by quarter
34
Source: Macrobond, Eurostat
10/12/2023 Technology Industries
of Finland

35. GDP by demand sector in Finland by quarter
35
Source: Macrobond, Statistics Finland
Technology Industries
of Finland
10/12/2023

36. GDP in some western countries
36
Souce: Macrobond
Technology Industries
of Finland
10/12/2023

37. 37
Source: Macrobond
GDP in large developing countries
China, India, Brazil and Russia account for 31% of the world economy, adjusted for purchasing power
10/12/2023 Technology Industries
of Finland

38. Purchasing Manager Indices for the entire
business sector in Finland’s most important export
countries
38
Source: Macrobond. Markit
10/12/2023 Technology Industries
of Finland

39. Industrial Production Volume in USA, EU, Japan
and Finland
39
10/12/2023 Technology Industries of
Finland
Seasonally adjusted volume index
Source: Macrobond

40. Industrial Production Volume in EU-Countries
40
10/12/2023 Technology Industries of
Finland
Seasonally adjusted volume index
Source: Macrobond

41. Industrial production globally
41
Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis
Technology Industries
of Finland
10/12/2023

42. Purchasing Manager indices for the manufacturing
industries
42
Source: Macrobond, Markit
10/12/2023 Technology Industries
of Finland

43. Purchasing Manager indices for the manufacturing
industries in major developing countries
43
Source: Macrobond, Markit
10/12/2023 Technology Industries
of Finland

44. Exchange rates (when the curve rises, the value of the
Euro strengthens against the other currency)
44
Source: Macrobond
10/12/2023 Technology Industries
of Finland

45. 45
Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis
Goods export volume
Technology Industries
of Finland
10/12/2023

46. Chinese goods imports
46
Source: Macrobond
10/12/2023 Technology Industries
of Finland

47. EU exports to Russia
47
Source: Macrobond
Technology Industries
of Finland
10/12/2023

48. Russia’s* share of the technology industry's
Finnish exports
48
*) Soviet Union up to 1991
Source: Finnish Customs
0
2
4
6
8
10
12
14
16
18
20
22
24
26
28
30
32
34
36
38
40
42
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Technology Industries
of Finland
10/12/2023
%

49. Finland’s economic growth
relies on exports and
investments
49
Technology Industries
of Finland
10/12/2023

50. Export of goods and services
50
Source: Macrobond, Eurostat
Technology Industries
of Finland
10/12/2023

51. Business investment
51
Source: Macrobond, OECD Economic Outlook

52. Industrial tangible and intangible investment* in
Finland
52
*) Including software investments.
Source: Statistics Finland (National Accounts), Confederation of Finnish Industries’ Investment Survey June 2022
0
1
2
3
4
5
6
7
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22e
Tangible investment
Intangible investment
Intangible investment (excl.
electronics industry)
Billion euros, at fixed 2015 prices
10/12/2023 Technology Industries
of Finland

53. Industrial investment and consumption of fixed
capital in Finland
53
*) Including software investments.
Source: Statistics Finland (National Accounts), Confederation of Finnish Industries’ Investment Survey June 2022
0
1
2
3
4
5
6
7
8
9
10
11
12
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22e
Tangible and intangible
investment*
Consumption of Fixed
Capital
Billion euros, at fixed 2015 prices
10/12/2023 Technology Industries
of Finland

54. Industrial production capital loss in Finland
54
Source: Statistics Finland (National Accounts)
0
5
10
15
20
25
30
35
40
45
50
55
60
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21
Cumulative consumption
of tangible capital
Cumulative tangible
investment
Billion euros, at fixed 2015 prices
10/12/2023 Technology Industries
of Finland
=6,2 bill. €

55. Industrial tangible investment
55
Source: Eurostat (National Accounts), Confederation of Finnish Industries’ investment survey, June 2022
60
70
80
90
100
110
120
130
140
150
160
170
180
190
200
210
220
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22e
Hungary
Poland
Netherlands
Austria
Germany
Chech
Republic
Sweden
Belgium
Finland
Billion euros, at fixed 2015 prices, index 2005=100
10/12/2023 Technology Industries
of Finland

56. Investment rate in industrial tangible investments
56
Source: Eurostat (National Accounts)
6
8
10
12
14
16
18
20
22
24
26
28
30
32
34
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20
Hungary
Poland
Netherlands
Austria
Germany
Czech
Republic
Sweden
Belgium
Finland
Tangible investments / value added, %
10/12/2023 Technology Industries
of Finland

57. Industrial intangible investments
57
*) Intangible investments include research and development and software investments etc.
Source: Eurostat (National Accounts), Confederation of Finnish Industries’ investment survey, June 2021
40
60
80
100
120
140
160
180
200
220
240
260
280
300
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22e
Hungary
Poland
Netherlands
Austria
Germany
Czech Republic
Sweden
Belgium
Finland, excl.
electronics industry
Finland
Billion euros, at fixed 2015 prices,
index 2005=100
10/12/2023 Technology Industries
of Finland

58. Investment rate of industrial intangible
investments*
58
*) Intangible investments include research and development and software investments.
Source: Eurostat (National Accounts)
0
2
4
6
8
10
12
14
16
18
20
22
24
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20
Hungary
Poland
Netherlands
Austria
Germany
Czech Republic
Sweden
Belgium
Finlans, excl.
electronics industry
Finland
Intangible investments / value added, %
10/12/2023 Technology Industries
of Finland

59. Productivity* development in Finland
59
10/12/2023 Technology Industries of
Finland
*) Productivity is measured as real value added per hours worked. When productivity grows
(the curve rises) value added grows more than hours worked.
Source: Statistics Finland

60. 60
Latest information April-June 2022.
Source: Eurostat: Quarterly National Accounts
GDP productivity development
GDP at fixed prices / hours worked
82
84
86
88
90
92
94
96
98
100
102
104
106
108
110
112
114
116
118
Euro countries
Sweden
Finland
Germany
Index 2008=100 (the year before the collapse of Finnish industrial production capacity)
10/12/2023 Technology Industries of
Finland

61. 61
Latest information April-June 2022.
Source: Eurostat: Quarterly National Accounts
Industrial productivity development
Industrial value added at fixed prices / hours worked
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
Euro countries
Sweden
Finland
Germany
2008=100 (the year before the collapse of Finnish industrial production capacity)
10/12/2023 Technology Industries of
Finland

62. 62
Source: Macrobond, Eurostat
Corporate investment rate
10/12/2023 Technology Industries
of Finland

63. 63
Finland’s cost competitiveness compared to the
average of Euro countries
Unit labour costs in the whole economy = labour costs / productivity, including the influence of effective
exchange rates
94
96
98
100
102
104
106
108
110
112
2000=100
2005=100
2008=100
Finland’s price
and cost
competitiveness
declines
Finland’s price
and cost
competitiveness
improves
10/12/2023 Technology Industries
of Finland
*) In the ECB Harmonised Competitiveness Index, the average effective exchange rate of each country is calculated vis-à-vis 38
main trade partners, as well as the development of unit labour costs for the total economy.
Latest information January-March 2022. Source: European Central Bank
00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

64. Member Companies of the
Federation of Finnish
Technology Industries
64
10/12/2023 Technology Industries
of Finland

65. The Federation’s Member Companies 2022
65
250–499 employees
82,082
39%
32,615
15%
32,720
15%
63,728
30%
1 634
90%
95
5%
49
3%
28
2%
Number of enterprices / 1 806 Number of personnel / 211 145
1–249 employees 500–999 employees
1000– employees
10/12/2023 Technology Industries
of Finland

66. The Federation’s SME Member Companies 2022
66
508
31%
568
35%
324
20%
234
14%
Number of enterprices / 1 634 Number of personnel / 80 082
5 293
6%
18 507
23%
22,603
28%
35,679
43%
1–19 employees
20–49 employees
50–99 employees
100–249 employees
10/12/2023 Technology Industries
of Finland

67. Operating Profit in the Member Companies of
Technology Industries of Finland in 2020
Operating profit-% = operating result / turnover * 100 (before taxes and financial income
and expenses)
67
Source: Statistics Finland
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 5,2 %)
Good (30 %)
Satisfactory (22 %)
Weak (26 %)
Unprofitable (22 %)
Companies in random order
10/12/2023 Technology Industries
of Finland

68. Net Profit in the Member Companies of Technology
Industries of Finland in 2020
Return on assets -% = (net income + financial expenses + taxes) / (capital invested in the financial
year) * 100
68
Source: Statistics Finland
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 4,2 %)
Unprofitable (24 %)
Good (25 %)
Satisfactory (21 %)
Weak (30 %)
Companies in random order
10/12/2023 Technology Industries
of Finland

69. Return on Assets in the Member Companies of
Technology Industries of Finland in 2020
Equity ratio -% = (total equity + total appropriations accrued) / adjusted balance sheet *
100
69
Source: Statistics Finland
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 11,9 %)
Good (43 %)
Unsatisfactory (11 %)
Mediocre (26 %)
Weak (20 %)
Companies in random order
10/12/2023 Technology Industries
of Finland

70. Equity Ratio in the Member Companies of
Technology Industries of Finland in 2020
Equity ratio -% = (total equity + total appropriations accrued) / adjusted balance sheet *
100
70
Source: Statistics Finland
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
(Median: 44,9 %)
Good (56 %)
Satisfactory (23 %)
Weak (21 %)
Companies in random order
10/12/2023 Technology Industries
of Finland