B2B payment practices trends, Sweden 2024

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights the importance of trade credit in B2B sales strategies in Sweden, with 80% of companies offering trade credit and 60% of B2B sales being transacted on credit, consistent with the previous year [7][8] - There is a notable decline in credit sales within the consumer durables sector, dropping to 43% of all B2B sales, while the electronics/ICT sector maintains a higher rate of 68% [7][8] - Concerns about insolvency risks are rising, with 36% of businesses preparing for potential insolvency challenges in the coming year, particularly in the consumer durables and electronics/ICT sectors [30][34] Summary by Sections B2B Payment Practices Trends - Trade credit is a vital component of B2B sales strategies, with 60% of sales on credit, stable from the previous year [7][8] - The consumer durables sector has tightened payment terms, now averaging one month from invoicing, nearly three weeks shorter than last year [8][12] - Late payments affect 35% of B2B sales on credit, with bad debts averaging 6% [12][14] Key Figures and Charts - 56% of companies used invoice financing, 44% relied on bank loans, and 42% utilized trade credit as financing sources [18] - Payment practices remain stable, with overdue invoices being settled quicker than a year ago, averaging three weeks past due [12][13] Looking Ahead - Economic conditions and cybersecurity threats are primary concerns for businesses, with 35% and 31% of respondents respectively highlighting these issues [23][25] - The electronics/ICT sector expresses significant concern over geopolitical tensions affecting global operations [26][30] - 44% of companies expect no change in Days-Sales-Outstanding (DSO), while 41% anticipate improvements [36][34]