NEW FDI TO 2020

Annabella Polo 23.2.21 RESULTS 2020 INVEST IN FINLAND RESULTS 2020

34 +574 M€ 916 914 51 customers jobs proactive first visits contacting to Finland FDI LANDSCAPE IN FINLAND NEW AND ACQUIRED ESTABLISHMENTS BY FOREIGN OWNED COMPANIES IN FINLAND 2010–2020

M&A Greenfield Total

336 296 265 270 270 147 244 229 102 213 94 78 119 81 High number of 173 83 foreign companies 162 153 112 invested in Finland 72 84 55 despite Covid-19 176 189 192 194 146 146 163 90 89 98 101

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Source: Business Finland, Invest in Finland FDI LANDSCAPE IN FINLAND NEW & AQUIRED FOREIGN OWNED ESTABLISHMENTS BY ULTIMATE PARENT’S COUNTRY IN FINLAND 2016–2020

In 2020 number of 100 95 Norwegian investments 90 87 more than doubled 80 80 77 71 69 70 62 60 55 49 50

40 36 29 30 30 27 25 26 27 21 19 18 18 18 20 15 17 15 13 12 12 12 11 10 8 9 10 5 5 7 0 Sweden Norway UK USA Germany Estonia China 2016 2017 2018 2019 2020

Source: Business Finland, Invest in Finland FDI LANDSCAPE IN FINLAND NEW & ACQUIRED FOREIGN OWNED ESTABLISHMENTS BY INDUSTRY IN FINLAND 2016–2020 350 In 2020 investments focused on Business 300 services & ICT

74 250 ICT 57 56 56 Business Services 59 Health & Wellbeing 200 28 Other 66 65 95 41 Bioeconomy & Cleantech 150 76 Retail 38 Travel 63 64 20 100 16 Consumer Business 43 34 Mining 37 38 62 20 50 35 15 16 26 20 15 24 25 21 0 2016 2017 2018 2019 2020

Source: Business Finland, Invest in Finland FDI LANDSCAPE IN FINLAND NEW FDI BY FINNISH REGIONS 2020

Total 296 187 Not Specified 14 Northern 14 South-West Finland 13 63% of New FDI lands Tampere Region 12 to Capital Region Northern Savo 11 Helsinki-Uusimaa 8 7 Ostrobothnia 5 North 5 4 Päijät-Häme 4 Kanta-Häme 4 3 2 1 1 Southern Ostrobothnia 1

Source: Business Finland, Invest in Finland FDI LANDSCAPE IN FINLAND FOREIGN OWNED FIRMS ACCOUNT FOR 1% OF ALL FIRMS IN FINLAND, BUT…

4 400 29 % companies of R&D

98 B€ 31 % turnover of exports

279 000 18 % jobs of workforce

Source: Statistics Finland 2020 Next update 16.12.2021 FDI LANDSCAPE IN FINLAND

ESTIMATED CONTRIBUTION OF FOREIGN OWNED COMPANIES IN FINLAND IN 2019

TURNOVER, EUR CORPORATE TAX, EUR VAT, EUR

94 600 000 000 1 400 000 000 15 500 000 000

EXPORTS, EUR EMPLOYEES VALUE ADDED, EUR

35 000 000 000 319 000 23 400 000 000

Source: Finnish Tax Administration 2020, Business Finland FDI LANDSCAPE IN FINLAND FDI INWARD STOCK OF FOREIGN DIRECT INVESTMENTS EUR billion 2015-2019

90

80 77 70 75 74 76

60 63 50

40

30

20

10

0 2015 2016 2017 2018 2019

Source: Statistics Finland 2020 Next update 17.9.2021 FDI LANDSCAPE IN FINLAND FDI INWARD STOCK 2019 TOP 10 IMMEDIATE INVESTOR COUNTRY by eur million

Sweden 21 594 Luxembourg 11 255 Netherlands 11 210 Norway 4 864 China 3 697 Denmark 3 491 United Kingdom 2 680 Germany 2 663 Ireland 2 471 France 2 021

Source: Statistics Finland 2020 Next update 17.9.2021 FDI LANDSCAPE IN FINLAND FDI OUTWARD STOCK 2019 TOP 10 DESTINATION COUNTRY by eur million

Netherlands 31 671

Sweden 25 674

Ireland 20 998

Norway 6 582

Denmark 6 579

United Kingdom 3 705

Estonia 3 703

USA 3 444

Singapore 3 195

Russia 3 126

Source: Statistics Finland 2020 Next update 17.9.2021