Tough competitive situation in Scandinavia
The market situation in logistics continued to be challenging throughout the year. In Finland, transport volumes in heavy traffic have decreased for nearly three consecutive years. In Scandinavia, the competitive situation is still very tough.
The uncertain market was reflected in our customers’ operations in the form of postponed purchases, slow inventory turnover and smaller shipments in processing.
However, in the Baltic countries, business developed favorably during the year. The market situation has remained stable and business has been profitable.