Triathlon Group’s Industrial Report 2024/25
Triathlon Group's annual Industrial Report shows that the Swedish manufacturing industry faces significant challenges during 2024. However, many companies are optimistic about a recovery and better market conditions in 2025.
Tight Margins and Weak Demand Define 2024
Weak demand and rising costs are affecting many companies across Sweden. As global uncertainties and weak demand continue to disrupt the market, margins are being squeezed. In response, companies are focusing on improving efficiency and implementing cost-cutting measures. The challenges are particularly acute in West Sweden, where nearly half of the companies expect a decline in revenue.
Decreased Order Intake Shift Focus to Efficiency
Manufacturing companies report a decline in order intake during 2024. Therefore, last report´s forecast of an expected recovery seems to be pushed into late 2025. This has prompted a focus on operational improvements and cost-saving measures, leading to cautious investment plans. While some businesses are modernizing to maintain competitiveness, the overall investment climate reflects a restrained approach as companies navigate the ongoing challenges.
Cautious Optimism for Recovery
Despite the difficult conditions, companies are more optimistic about 2025. Improved demand and better utilization of manufacturing capacity are expected to lead to revenue growth and stabilized margins, particularly in the southern and eastern regions of Sweden. Employment levels, which are under strain during 2024, are expected to see a gradual stabilization, with fewer companies planning further layoffs.
About Triathlon Group’s Industrial Report
The Industrial Report surveys the 100 largest Swedish manufacturing companies, providing a forecast for the sector. It highlights expected revenue, operating margins, and workforce, compiled into the Triathlon Manufacturing Index. Additionally, the report uses data from company annual reports for a deeper analysis of industry trends.