B2B payment practices trends, Finland 2024


  • Suomi
  • kestokulutushyödykkeet,
  • elektroniikka- ja ICT-sektori,
  • terästeollisuus,
  • metalliteollisuus

Finnish businesses have a cautious approach to trade credit in B2B sales.

Key takeaways from the report for Finland  

The 2024 Payment Practices Barometer survey for Finland was conducted between the end of Q1 and the beginning of Q2 2024. The findings should therefore be viewed with this in mind.

Relaxed payment terms lead to risk of liquidity gaps

  • An average 46% of all B2B sales are being made on credit by companies in Finland, a consistent trend from a year earlier. However, there are significant differences among
    sectors, with the electronics/ICT industry having an average 60% of B2B sales on credit, but just 37% among consumer durables companies.
  • The majority of Finnish companies say that B2B customer payment behaviour is relatively stable, but when there is change it is most likely to be a deterioration. Late payments
    currently affect 51% of all B2B sales on credit, while bad debts stand at an average 8% of all B2B sales on credit.

Widespread concern about domestic economy and cybersecurity risks

  • The state of the domestic economy is the major concern in both the short-term and long-term for companies across all sectors in Finland. There is also some optimism, though,
    about business growth in the year ahead due to favourable factors such as low inflation that could boost consumer spending power.
  • Another significant short-term anxiety is about cybersecurity and associated risks, particularly data integrity and confidentiality, which is felt particularly in the consumer durables and electronics/ICT sectors. Regulatory compliance is a key short-term concern in the Finnish steel/metals industry along with the impact of geopolitical tensions.

The Atradius Payment Practices Barometer is an annual survey of business-to-business (B2B) payment practices in markets across the world. Its findings can give valuable insights into the current dynamics of corporate payment behaviour in B2B trade. It can also help companies doing business, or planning to do so, in the markets polled to identify emerging future trends in the payment practices of B2B customers. 

Interested in finding out more? 

For a complete overview of the 2024 survey results for Finland and Western Europe, please download the full reports available in the related documents section below. 

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