Challenging 2023 for the Nordic Consulting Firms
2023 was both a tough year and a challenging final quarter for consulting firms. The average growth for publicly listed consulting companies in Sweden and Finland during Q4 was only 3.1 percent, compared with 15.3 percent in 2022. Furthermore, a quarter of the companies had lower revenue than the year before.We primarily see weaker demand in many industries while the number of employees has been adjusted. The number of inquiries for new assignments during the quarter decreased by 14.6 percent according to Ework. "Many consulting firms have faced significant challenges. At the same time,