B2B payment practices trends, Finland 2024

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights a trend of relaxed payment terms among Finnish companies, leading to potential liquidity gaps [7][9][22] - There is a significant concern regarding the domestic economy and cybersecurity risks affecting B2B payment practices [22][24] Summary by Sections B2B Payment Practices Trends - An average of 46% of B2B sales in Finland are made on credit, with variations across sectors: 60% in electronics/ICT, 45% in steel/metals, and 37% in consumer durables [7][9] - Nearly 40% of businesses are offering longer payment terms, averaging over two months from invoicing, with the steel/metals sector leading at 70 days [8][9] - Late payments affect 51% of all B2B sales on credit, with bad debts averaging 8% [9][13] Looking Ahead - Companies express widespread concern about the domestic economy and cybersecurity risks, particularly in the consumer durables and electronics/ICT sectors [22][24] - There is a mixed outlook for B2B customer payment behavior, with more companies expecting a negative trend, especially in the steel/metals industry [28][31] - 40% of companies anticipate no major shifts in Days-Sales-Outstanding (DSO), but pessimism is prevalent in the steel/metals sector regarding collection efficiency [29][32]