On the verge of recovery: Finnish public companies set for rebound after revenue decline

22.8.2024

August’s analysis of the financial performance of publicly listed Finnish companies and SMEs in H1 2024 reveals a year-on-year decrease in revenues, but there are signs of a potential recovery. After a year and a half of a downwards trend in the combined revenue of public companies, the reported Q2 figures and forecasts for the remainder of the year suggest a shift towards a brighter future.

Highlights:

  • H1 revenues of publicly listed Finnish companies decreased by 6% year-on-year, but this should be the floor as revenues are expected to turn into growth in Q4.
  • The Consumer sector led the way in Q2 with a 4% year-on-year revenue increase, while record-level cash transactions for SMEs suggest a boost in B2C activity.
  • Profitability has remained relatively strong despite declining revenues; in H1, operating profits of public companies fell year-on-year at a slower rate than revenues, and SMEs appear to have improved their margins by cutting purchases.

The full report offers in-depth sector-level insights and analysis of the financial performance of Finnish companies, along with analysts’ consensus estimates on future prospects.

Read the full report here.

As the leading local strategy consultant, August Associates is publishing a report that summarizes the financial performance of Finnish publicly listed firms and SMEs during the first half of 2024. The report focuses on overall development as well as analyzing industry-specific trends in revenue and profitability development. For publicly listed firms, we use financial information reported by the firms listed in Nasdaq Helsinki. For SME companies, the analysis is based on Accountor’s real-time financial data from approximately 10,000 SMEs.

Accountor provides software solutions and outsourcing services for finance and HR. Thanks to its digital finance and accounting solutions, Accountor is uniquely positioned to accumulate real-time data on Finnish Small and Medium–sized Enterprises (SMEs). More on their website.