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2019 Annual Report

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2019 Annual Report 2019 ANNUAL REPORT ONE OF THE WORLD’S MOST INNOVATIVE REGIONS REVOLUTIONIZING THE TREATMENT OF PROSTATE CANCER MAKING THE NOBEL PRIZE THE TALK OF THE TOWN Stockholm – where great minds get together 2 Annual Report 2019 | Stockholm Business Region Stockholm Business Region | Annual Report 2019 3 STOCKHOLM BUSINESS REGION | ANNA KÖNIG JERLMYR, MAYOR AND CHAIRWOMAN PHOTO: PETER KNUTSON Note from the CEO During the production of the annual report for the operating year 2019, the Covid-19 pandemic spread across the globe. This will have a major impact on everything around us, including Stockholm Business Region’s future operations. When we close the books for the operating year 2020, this annual report can serve as a mirror for how external factors have affected the company’s operations and direction. Stockholm – based in our DNA of being a free, visionary and trustworthy city – will come out stronger STOCKHOLM ATTRACTS on the other side of this pandemic. 8 SMART AND CREATIVE Staffan Ingvarsson, CEO PEOPLE FROM ALL OVER 14 THE WORLD CONTENT Stockholm is home to smart and creative people from all over the world, committed to solving the problems of today and building the enterprises of tomorrow. In 2019, Stockholm was appointed the most competitive region 4 Organization in Europe by the European Commission. 18 26 A combination of a good basic education as well as higher education and 6 Facts, figures and rankings learning, technological readiness and high levels of innovation within a frame- work of macroeconomic stability made Stockholm win the ranking in 2019. 8 Staffan Ingvarsson, CEO Stockholm Business For Stockholm to continue being one of the most reputable cities, we Region: Open, innovative and business friendly need to maintain our focus on education, science and innovation. The – now and for the future educational system and our ability to innovate, combined with our efforts to For Stockholm to continue being one of the most reputable cities, secure leading talents to Stockholm, are key to building the foundation of the 10 Stockholm – the brand we need to maintain our focus on education, science and Stockholm of tomorrow. We have a strong heritage – but we need to always innovation”, says Anna König Jerlmyr Mayor and Chairwoman compare ourselves with our pears and take action to strengthen our position. 14 Anna Gissler, CEO Invest Stockholm: 20 Stockholm Business Region. In order to secure the innovative powers of tomorrow, we need to focus Stockholm – where tech meets sustainability on creating the best possible opportunities for talents, visitors, inhabitants 16 Stockholm Business Alliance and businesses alike. To strengthen the local business climate, in 2019 we 28 focused on making it easier to run businesses in Stockholm –a focus that that 18 Caroline Strand, CEO Visit Stockholm: will continue over the coming years and which I am certain will create new Stockholm and tourists – a love affair and innovative jobs in Stockholm. I want Stockholm to be the city where technological solutions to tackle 22 Djurgården continue to develop the main challenges of today – like climate change – are found. As a small step in that direction I was pleased to notice that Stockholm was named as 24 Stockholm – here great minds confer the Smart City of 2019 at the Smart City Expo World Congress in Barcelona. for the greatest benefit to mankind The winning concept, according to the jury, was our ability to use innova- tion, openness and connectivity to improve living conditions as well as the 26 Stockholm3: The Stockholm3 test business environment. revolutionizes prostate cancer treatment I want the city of Stockholm to be renowned for our unique creativity. We have a visionary capacity in our DNA, dating back from Alfred Nobel, 28 Nobel Prize Museum: “See you in Stockholm” always striving for a better future, believing that it both can, and will be, 31 Stockholm Business Cycle better. We are a city that never compromise in our core values of freedom and equality: Freedom of speech, gender equality, freedom of religion or sexuality. 32 Year in review We have – and constantly strive for – an open climate where everybody is welcome to feel at home – residents, visitors, talents and investors. Stockholm Business Region Annual Report 2019 is produced in cooperation with Meze Design. Design: Marie Blomström. Anna König Jerlmyr Text: Helene Murdoch. Photo: Magnus Fond, Jann Lipka, 32 Henrik Trygg, Tove Freiij among others. Mayor and Chairwoman Stockholm Business Region 4 Annual Report 2019 | Stockholm Business Region Stockholm Business Region | Annual Report 2019 5 ORGANIZATION City Council The Stockholm city council sets objectives and guidelines for the city’s operations and appoints the mayor and vice Key Figures mayor. The members of the city council are elected every four years by the citizens of Stockholm. 2019 2018 2017 2016 Earnings, SEK Million 147 149 145 247 EBT, Result, SEK Million 3 –1 -4 5 Stockholms Stadshus AB Equity Ratio, % 13.5 12.6 12.2 15.5 Stockholms Stadshus is a company owned by the city of Stockholm that manages and coordinates the city’s companies, including Stockholm Business Region AB. Balance, SEK Million 198 192 205 189 No. of employees 63 59 63 65 Stockholm Business Region AB Stockholm Business Region is the official business office for the city of Stockholm, responsible for the strategic development and international promotion of the city, as well as the brand Stockholm – The Capital of Scandinavia. Stockholm Business Region is owned by the city of Stockholm and part of Stockholms Stadshus AB. Invest Stockholm Visit Stockholm AB Business Region AB Visit Stockholm is the official destination Invest Stockholm is the official investment development company for the city of Stockholm. promotion agency for the city of Stockholm. We are dedicated place makers and promoters We are dedicated to developing and promoting for Stockholm. Stockholm as an attractive destination for Visit Stockholm is owned by international investors and people. the city of Stockholm and part of Invest Stockholm is owned by the city of Stock- Stockholm Business Region. holm and part of Stockholm Business Region AB. Executive Management The Board Staffan Ingvarsson, CEO Anna König Jerlmyr (M) Mayor, Stefan Hansson (S), Stockholm Business Region Ulla Hamilton (M), Patrik Silverudd (L), Petra Anna Gissler, CEO Invest Stockholm Schagerholm (MP), Fredrik Lindstål (C), Marie Caroline Strand, CEO Visit Stockholm Jokio (S), Aleksandar Zuza (S), Rolf Brattström Christina Grönskog, Brand Manager (V), Börje Häggman (M), Ann-Katrin Åslund (L), Erica Grünewald, Director of Administration, David Collste (MP), Claes Nyberg (C), David Hans Aspgren, Chief of Staff Bruhn (KD), Inga Näslund (S), Anders Larsson (S), Cilla Lundqvist, Executive Secretary Kristina Öberg (S), Elisabeth Löfvander (V) PHOTO: OLA ERICSON C = The Centre Party, L = The Liberal Party, KD = The Christian Democratic Party, M = The Moderate Party, MP = The Green Party, S = The Social Democratic Party, V = The Left Party 6 Annual Report 2019 | Stockholm Business Region Stockholm Business Region | Annual Report 2019 7 FACTS, FIGURES AND RANKINGS 2,340,000+ Stockholm Population 2019 Stockholm County region City of 15.3 million guestnights 8 unicorns Stockholm is one of the fastest growing regions in Europe. Source: SCB March 2019 Stockholm Commercial guestnights (business and leisure) Stockholm has the highest number of unicorns in Stockholm 2019 per capita in the world after Silicon Valley Start-up companies valued at more than $1 billion. Z Z Z Spotify Paradox Interactive Skype Izettle King Lendo Most competitive region Klarna MySQL Stockholm was declared as the most competitive region among Stockholm the most competitive 267 regions in the EU. Outperformed for strength in health, human region in the EU Source: European Tech Report 2019 by Atomico capital and innovation. (European Regional Competitiveness Index 2019). 1 Smartest city At the annual Smart City Expo World Congress in Barcelona, Stockholm the world´s Stockholm was declared as the Smart City of 2019 for its approach smartest city 2019 to fostering a smart, connective and innovative environment for residents and businesses. 1 billion planned investments Startup ecosystem Stockholm in the Stockholm region by 2040 Stockholm was declared as one of the three best startup ecosystems of one of three best startup €111 in the world by the SparkLabs Group. The diversity of the startup ecosystems in the world scene makes Stockholm attractive. 1 3 Innovative region €60.7 billion €6.5 billion €5.3 billion Stockholm Stockholm the 2nd most innovative region in Europe according ranked 2 among the most Housing Railway, tramway Highways to the Regional Innovation Scoreboard, European innovative regions in the EU Commission. 2 Talent Stockholm ranked 2nd both in Nestpick´s Generation Z Index Stockholm ranked 2 best city in the world by and Sifted´s Most attractive cities to Gen Z list. Stockholm´s Generation Z reputation as a green and innnovative city contribute to attract young talents from around the world. 2 €3.1 billion €1.1 billion €0.8 billion Extended Metro system Harbour Airports Brain business jobs Stockholm no 3 as a hotbed for brain business jobs in Europe in a Stockholm no 3 in Europe for report from European Center of Entrepreneurship. The rise of brain business jobs many knowledge-intensive firms, in ICT, advanced services, creative professions as well as tech are mentioned as success factors. 3 8 Annual Report 2019 | Stockholm Business Region Stockholm Business Region | Annual Report 2019 9 STOCKHOLM BUSINESS REGION | STAFFAN INGVARSSON, CEO OPEN, INNOVATIVE AND BUSINESS FRIENDLY – NOW AND FOR THE FUTURE Stockholm is internationally recognized as one of the most innovative regions in the world. It is also one of the most accessible capitals – both physically and digitally. Stockholm has become a hub for business and trade in the Nordic region – and beyond. “Now, we’re focusing on creating even better opportunities for our local businesses, while continuing to attract international businesses, talents and visitors alike”, says Staffan Ingvarsson, CEO of Stockholm Business Region.
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