Turnover and profitability improved in Finland’s business services in 2010

Management consultancy, health services and personnel services enjoyed the fastest turnover growth.

The total turnover of the business services sectors in Finland increased by 4.7% in 2010 from the year before, reaching a total of EUR 18.3 billion. According to Statistics Finland, management consultancy had the strongest turnover growth with an 18% increase from the previous year. The turnover in health services and personnel services also increased by 11% and 10% increases respectively. Other growth sectors were cleaning services, accounting and book-keeping, advertising agencies, and legal services.

The total net profit ratio for all the business services companies was 4.3% and the gross profit ratio 5.1% from the business revenue. Both figures improved from the previous year. Profitability in terms of operating profit ratio was 9.1%, which was up by 0.1% from the previous year.

Source: Statistics Finland