Malmö Snapshot FACTS AND FIGURES ON TRADE AND INDUSTRY IN MALMÖ

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1 ANNUAL REPORT Malmö Snapshot FACTS AND FIGURES ON TRADE AND INDUSTRY IN MALMÖ Did you know that million people live in the Öresund region? Page new companies started every day in Malmö in 213? Page18... there has never been such a large workforce in Malmö as now? Page 2 A summary from the City Office, City of Malmö 214

2 A SNAPSHOT OF MALMÖ There has never been such a large workforce in Malmö as now. Almost 16, people have jobs in the city. Of these, around 6, commute to work in Malmö and some 3, commute from Malmö to work in another municipality. So there are nearly 1, people on the move in and around Malmö every morning and evening on their way to or from work. Like a substantionally large Swedish city. Then there are almost 15, people who commute over the Öresund Bridge every day. Which means commuting to work is a natural part of life for many people in the region. Good communications and short distances make it easy to cross municipal boundaries. It is becoming clearer all the time that we have a single labour market in the region. When the Fehmarn belt tunnel, which will be a fixed link between Denmark and Germany, is completed in a few years time, it will open the way for a particularly competitive extended region. Travel and transport times will drop significantly and we will see positive effects on growth, jobs, tourism, research and culture. There is also talk of an Öresund Metro between Malmö and Copenhagen. With a tunnel under the sound, the journey between the cities would take around 15 minutes. This would help to increase everyday integration across the water. A fine scenario for the future. Naturally, this calls for our growth to be sustainable and inclusive. Every day we strive to make Malmö a great city in which to live and work. Pehr Andersson Director, Trade and Industry Agency, City of Malmö CITY OF MALMÖ BUSINESS PILOT The City of Malmö Business Pilot is a service function to guide you through the laws and regulations. The Pilot offers a quick and easy way into the municipality for entrepreneurs. Both existing and future businesses can contact us on anything from permits and land issues to finding the right people and authorities concerned with business and entrepreneurship in Malmö. Tel.: +46 () foretagslots@malmo.se

3 PAGE 4 THE REGION Planned projects Commuting Infrastructure PAGE 1 POPULATION Population increase Age distribution Universities Regional accounts PHOTO: LEIF JOHANSSON X-RAY PAGE14 GROWTH Housing construction Unemployment New companies Turnover PAGE 2 WORKFORCE Workforce, daytime population Geographical development By industry Sector development 1 er INTERESTING KEY er FIGURES PAGE 24 CORPORATE STRUCTURE Number of workplaces Legal forms of enterprises Foreign-owned workplaces PHOTO: LEIF JOHANSSON X-RAY PAGE 3 PROFILE AREAS Hospitality Cleantech Commerce Head offices Life sciences Logistics Creative industries PHOTO: LEIF JOHANSSON X-RAY

4 4 THE REGION A CITY IN TRANSITION Interest in Malmö is high and there is a lot of activity in the city. Many actors see Malmö s potential and want to be involved and invest in Malmö s future. EMPORIA SHOPPING CENTRE. PHOTO: LEIF JOHANSSON X-RAY Clean sweep at MIPIM in March, one of the world s largest property fairs. Emporia topped the category for Best Shopping Centre and Max IV won Best Futura Project. Last year s Best Futura Project was Culture Casbah, which will be a new landmark in Rosengård. EXAMPLES OF PLANNED AND ONGOING PROJECTS Malmö Live (conference centre, concert hall and hotel) Hylliebadet communal swimming pool University expansion (qtr. Niagara) STUDIO (on Universitetsholmen) Culture Casbah IKEA new offices for global staff functions and training centre Development of Skåne University Hospital (SUS) Continued expansion of Västra Hamnen Continued expansion of Hyllie Expansion of Norra Sorgenfri

5 THE REGION 5 THE EUROVISION SONG CONTEST WAS HELD IN MALMÖ IN 213. PHOTO: LEIF JOHANSSON X-RAY TWO NEW IMPORTANT RESEARCH FACILITIES UNDER WAY They will be constructed in Lund, 2 km north of Malmö. In addition to new exciting research opportunities, the facilities will generate further job opportunities and more growth in the region. MALMÖ LIVE WILL BE INAUGURATED IN 215. SKETCH: SCHMIDT HAMMER THE CITY TUNNEL AND MALMÖ CENTRAL. PHOTO: LEIF JOHANSSON X-RAY SEVERAL MAJOR INVESTMENTS HAVE BEEN COMPLETED IN MALMÖ IN RECENT YEARS, SUCH AS: The City Tunnel, including two new stations and expansion of Malmö Central Malmö Arena Swedbank Stadium Emporia shopping centre Malmömässan new exhibition centre in Hyllie Eurovision Song Contest 213 Expansion of Norra Hamnen (port) Media Evolution City Entré shopping centre Legal centre Redevelopment and extension of several shopping centres Triangeln, Mobilia and Caroli Several new hotels ESS MAX IV The ESS (European Spallation Source) will be the world s foremost material research facility using neutrons. A collaboration between 17 European countries. Opening in 219. MAX IV is a synchrotron radiation laboratory. 2, researchers from around the world are expected to use the facility each year. Opening in 216. A TUNNEL BETWEEN DENMARK AND GERMANY The Fehmarn belt tunnel will be constructed between Denmark and Germany and it is estimated that it will be completed in 221. The tunnel will link Scandinavia with the continent and will reduce travel times considerably. The Öresund Bridge has played an important role in integration and growth in the Öresund region and it is forecasted that the tunnel will have a similar significance for a new competitive, extended economic region. METRO BETWEEN MALMÖ AND COPENHAGEN? Via a tunnel under the Öresund strait, the metro trip will take around 15 minutes. A metro would relieve the Öresund Bridge, which is expected to receive increased goods traffic when the fixed link between Denmark and Germany is completed. The metro is also expected to help to increase everyday integration across the water. The second phase of the feasibility study started in January 214, with Malmö and Copenhagen examining four areas in more detail. If the project gets the go-ahead, the metro could start operating around 23.

6 6 THE REGION THE ÖRESUND REGION The Öresund region is the largest and most densely populated metropolitan area in the Nordic countries. The Öresund region covers parts of two countries, Sweden and Denmark, and travel between the two is easy via the Öresund Bridge, which was opened on 1 July 2. The 16-kilometre link runs between Malmö and Copenhagen. The Öresund region includes Skåne in Sweden and Zealand, Møn, Lolland-Falster and Bornholm in Denmark 3.8 MILLION INHABITANTS 3.8 million inhabitants (1.3 million on the Swedish side and 2.5 million on the Danish side) SWEDEN 25% of the total population of Sweden and Denmark live in the Öresund region The region represents 25% of the countries total GNP Around 25, companies (21) 167, students at the region s colleges and universities (21) DENMARK IN 222, THE POPULATION IS EXPECTED TO PASS 4 MILLION COPENHAGEN MALMÖ The largest Nordic regional labour market, with 1.8 million people THE ÖRESUND REGION IS GROWING INTO A MAJOR ECONOMIC REGION When the Fehmarn belt tunnel, a fixed link between Denmark and Germany, is completed in 221, it will open the way for a competitive extended region. Travel and transport times will reduce significantly and positive effects are expected in terms of integration, growth, the number of jobs, tourism, research and culture. CLOSE COLLABORATION ACROSS THE STRAIT In Malmö s new structure plan and Copenhagen s new municipality plan, the cities describe their joint role as engines for regional development. Development strategies and areas are described jointly. These two politically adopted plans signal the close collaboration between the two cities, and that they should be seen in a single context by citizens and industry alike.

7 THE REGION GOOD INFRASTRUCTURE Copenhagen International Airport (Kastrup) is easily accessible by car or rail. The rail trip takes 21 minutes from Malmö Central Station Trains from Malmö, to Copenhagen Airport and to the city centre, depart every 1 minutes during rush hours. At other times, trains depart every 2 minutes The proximity to a well-developed road and railway network makes it easy to transport goods and people, both within Sweden and to Scandinavia and Europe The new City Tunnel opened in 21 and has given Malmö an improved infrastructure and two new stations. Commuting times for several routes were shortened and ease of movement in the region was further increased Malmö is home to one of Sweden s largest cargo ports. It is a combined cargo and passenger harbour. A comprehensive expansion project has recently been carried out with new areas, terminals and a logistics centre The city has two ring roads (the Outer and Inner Ring Road), which make efficient logistics possible PORT OF MALMÖ Malmö Airport is located 3 km to the east of the city. An airport bus is available, which takes 4 minutes LUND 1 MINS GOTHENBURG 3 HRS STOCKHOLM 4 HRS 2 MINS COPENHAGEN 3 MINS HAMBURG 5 HRS 3 MINS STOCKHOLM 1 HR OSLO 1 HR 5 MINS BERLIN 1 HR 15 MINS AMSTERDAM 1 HR 25 MINS BRUSSELS 1 HR 5 MINS MALMÖ CENTRAL STATION TRIANGELN STATION INNER RING ROAD ÖRESUND BRIDGE, COPENHAGEN INTERNATIONAL AIRPORT HYLLIE STATION MALMÖ AIRPORT (STURUP) SVÅGERTORP STATION OUTER RING ROAD 7

8 8 THE REGION COMMUTING OVER THE ÖRESUND BRIDGE CAR 4% 7% STUDY WORK 93% 6% TRAIN 14,5 people commuted daily by train or car across the Öresund Bridge (213) A reduction of 3.8% compared to the previous year and -15% over five years, but an increase of +141% over ten years. The highest level was reached in 28; since then commuting has reduced somewhat 6% commuted by train and 4% by car 93% commuted to work and 7% to study The majority commuted from Sweden to Denmark 96% live in Skåne (Swedes, Danes and other nationalities) Many Danes have settled in Malmö because of the difference in house prices between the countries, and a large number of Swedes work in Copenhagen, although this trend has tailed off in recent years Around 8,9 people commuted from Malmö to Denmark (212) 18, 16, 14, 12, Students by train Commuters by train Commuters by hydrofoil Commuters by car 1, 8, 6, 4, 2, , Around 7, people cross the bridge every day. 18,3 vehicles per day crossed the bridge. Traffic increased progressively up to 29 and is now at a level just below that. (In 213, a total of 6,685,47 vehicles cars, trucks, buses, etc. crossed the bridge.) Next year, commuting over the Öresund is set to go up again, and it will reach a new record level in 222, according to a forecast from Region Skåne.

9 THE REGION 9 DOMESTIC COMMUTING 57% OF COMMUTERS INTO AND OUT OF MALMÖ ARE MEN 43% OF COMMUTERS INTO AND OUT OF MALMÖ ARE WOMEN MALMÖ CENTRAL STATION. PHOTO: LEIF JOHANSSON X-RAY COMMUTING FROM MALMÖ COMMUTING TO MALMÖ , -3, -2, -1, 1, 2, 3, 4, 5, 6, 7, Malmö is located in a mobile region where everything is nearby. Distances are short and it is easy to move about 29,39 people commuted to other municipalities in Sweden from Malmö (domestic outbound commuting 212) 62,556 Large local labour markets contribute to increased flexibility, benefiting both companies and citizens. Companies have better opportunities to find the right expertise and the individual citizen has a wider choice in the labour market For several years, commuting has increased in both directions and has contributed to a mobile region 62,556 people commuted to Malmö from other municipalities in Sweden (domestic inbound commuting 212) The communications are good in the region. In December 21, the City Tunnel in Malmö was inaugurated, further improving commuting options

10 1 POPULATION A GROWING CITY Malmö's booming trade and industry and thriving university is combined with a good quality of life and rich range of activities. This is attracting many new residents to the city, which is growing every year. THOUSANDS 4 MALMÖ'S POPULATION , AND FORECAST TO THOUSANDS A young city almost half of the population is under 35 (49%) Women Men AGE POPULATION BY AGE GROUP AND SEX (213) PERCENTAGE AGE DISTRIBUTION

11 POPULATION 11 35, In 22, Malmö is expected to pass 35, inhabitants 75, In 2 years, Malmö s population has increased by 75, (32%). The largest increases have taken place in the 5 and age groups PHOTO: LEIF JOHANSSON X-RAY In twenty years, the average inhabitant of Malmö has become three years younger. The most typical resident of Malmö today is a 29-year-old woman or a 3-year-old man. With 312,994 inhabitants, Malmö is Sweden s third largest city (31 Dec. 213) The population increased by 5,236 people (+1.7%) in 213. Both net birth and net migration are positive Malmö s population grew for the 29th year in a row In April 211, Malmö passed 3, inhabitants A young city almost half of the population is under 35 (49%) 71% of households consist of singe parent or single person households (213) 31% of the city s inhabitants were born abroad the largest groups were born in Iraq, the former Yugoslavian countries and Denmark 178 countries are represented PHOTO: LEIF JOHANSSON X-RAY

12 12 POPULATION UNIVERSITIES AND UNIVERSITY COLLEGES PROJECTED EXPANSION AT MALMÖ UNIVERSITY The Government allocation of new places on the country s teacher training courses means a 2% increase in the teaching programme at Malmö University. MALMÖ UNIVERSITY Sweden s ninth largest seat of learning and the largest university college Was established on 1 July Had 24, students in 212 (12,578 full-time). When it opened in, the university had 5, students Offers around 1 education programmes and 5 courses Collaborates with 252 partner universities around the world Is located in central Malmö 26, In Malmö, there are around 26, university students. In Malmö, there is also the opportunity to study at institutions including the Art Academy, the Academy of Music and the Theatre Academy. The World Maritime University has been located in Malmö since This is a unit that, in organisational terms, is under the supervision of the United Nations (UN). METROPOLITAN AREAS ATTRACT HIGHLY TRAINED PEOPLE 31% 31% of Malmö s population (aged 25 64) have at least three years of tertiary education. The corresponding figure for Sweden is 25%. This puts Malmö in 19th place out of 29 municipalities according to Statistics Sweden (213) New graduates prefer to live in metropolitan areas after they have completed their studies, according to a report from the Swedish National Agency for Higher Education and Statistics Sweden (21) MALMÖ UNIVERSITY. PHOTO: LEIF JOHANSSON X-RAY

13 POPULATION 13 REGIONAL ACCOUNTS 157, Total disposable income in Malmö was SEK 47,238 million (+53% in ten years). Disposable income per capita was SEK 157, 123,356 Malmö s gross regional product (GRP) amounted to SEK 123,356 million in 211 (+55% in ten years). It is mainly service production that has increased. GRP per capita was SEK 41, 51,495 The total wage bill for Malmö was SEK 51,495 million (+54% in ten years). In particular, a large positive development in wages has taken place in service production GROSS REGIONAL PRODUCT (GRP) per capita, current prices, SEK thousand Stockholm Gothenburg Sweden Malmö Skåne , 6, 5, 4, 3, 2, 1, GROSS REGIONAL PRODUCT (GRP) in Malmö by industry, SEK million Market production, goods (SNI 1-45) Market production, services (SNI 5-95) Public auth. and household non-profit org. Items not broken down by industry DISPOSABLE INCOME per capita, current prices, SEK thousand WAGES BY INDUSTRY in Malmö, current prices, SEK million Stockholm Gothenburg Sweden Malmö Skåne 3, 25, Market producers, goods (SNI 1-45) Market producers, services (SNI 5-95) Public auth. and household non-profit org , 15, 1, 5, SOURCE: SNI 27 FROM 29

14 5.9 BILLION Overnight guests and day-trippers spent SEK 5.9 billion PHOTO: FREDERIK TELLERUP 14 GROWTH 1,62 1,62 homes were completed in 213 PHOTO: OSKAR FALCK SEK 2,/M²/YEAR Rental levels for Prime Rent in the CBD (Central Business District) are SEK 2,/m²/year PHOTO: LEIF JOHANSSON X-RAY 1 INTERESTING KEY FIGURES 21% The number of employees has increased by 21% in 1 years cautious situation in the labour market

15 73 On average, 73 new vacancies were reported every day throughout the year PHOTO: LEIF JOHANSSON X-RAY 8 8 new companies are started every day PHOTO: LEIF JOHANSSON X-RAY Malmö is doing well and the development is reflected by 1 key performance indicators. This positive development was rewarded when the city received the prize of Growth Municipality of the Year 29*. 1 Around 1 bankruptcy per day PHOTO: LEIF JOHANSSON X-RAY * The Growth Municipality of the Year prize is awarded by Arena för Tillväxt and SWECO Eurofutures 593 MILLION The industry sector in Malmö invested SEK 593 million in BILLION Turnover of SEK 26 billion top credit rating PHOTO: LEIF JOHANSSON X-RAY

16 16 GROWTH GUEST NIGHTS COMMERCIAL REAL ESTATE MARKET Tusental Hotell Vandrarhem % SEK/m²/year 14 2,2 2, 12 1, Vacancy rate Malmö/Lund Prime Rent Central Business District Malmö (SEK/m2/year) 1,6 1,4 1,2 1, Malmö is continuing to grow as a destination, with more visitors than ever in 213. The number of hotel guests in Malmö totalled 1,238,829, which was 16,293 more than in 212 Overnight guests and day-trippers to Malmö spent a total of SEK 5.9 billion in 213. The total consumption gave rise to employment amounting to 4,274 full-time equivalents. International visitors spent SEK 681 million In 213, 1.5 million visitors stayed overnight in Malmö. They stayed an average of 2.25 nights per visit, amounting to almost 3.5 million overnight stays. There were also 5.1 million day trips Malmö s new cruise terminal in Frihamnen was opened in 213, with a footpath and cycle route to improve access between central Malmö and the cruise terminal. Malmö had 1 cruise ships docking and a total of 31,5 passengers 788 meetings and conferences with more than 5 delegates took place in Malmö. They produced a total of just over 117, delegates. Conferences produced a cash flow of SEK 119 million The vacancy rate increased slightly to 7.5%, against 6.9% the previous year. Rental levels for Prime Rent in the CBD (Central Business District) have fallen somewhat to SEK 2,/m²/year, compared to SEK 2,13 previous year. In 213, several hotel projects were started or approved in Hyllie and Västra Hamnen. Some large leases were concluded as new buildings were commissioned. For example, Skanska let its present offices (11, m²) to Sweco, while Wihlborgs let its existing site to Tieto and Nordea when they acquired Östersjön 1 on Carlsgatan Some centrally located properties have changed owners the German fund DEREIF SICAV-FIS acquired the office buildings Kronan 1 and 11 at Östergatan and Norra Vallgatan 36 4 in central Malmö, while Briggen sold its offices in Björnen 6 on Davidshall Jernhusen is investing around SEK 1 million and has started construction of a new logistics building at Malmö Kombiterminal. Mertz Transport, which handles operations at the Kombiterminal, will lease the building THE TURNING TORSO IS SWEDEN S HIGHEST BUILDING (19 METRES) PHOTO: LEIF JOHANSSON X-RAY Guest night = each overnight guest Prime rent = expected level of rent for a topquality office (>5 m²) in a prime location, excluding extremes

17 HOUSING CONSTRUCTION NUMBER OF EMPLOYEES DAYTIME POPULATION UNEMPLOYMENT Number 2, 1,8 1,6 1,4 1,2 1, Started Newly built Thousands Number of employees % Population Malmö Population Skåne Population Sweden Workforce Malmö Workforce Skåne Workforce Sweden During 213, 1,62 new homes were completed; 97% in multi-dwelling buildings and 3% in single-family homes The number of new homes started and completed decreased compared to 212. Above all, the number of multi-dwelling buildings completed increased, while completed single-family homes decreased for the second year in a row Housing construction in Malmö did well in 213, despite a cautious market. The largest number of new homes were started in Västra Hamnen and Limhamns Sjöstad. The number of homes started during 213 ended up at around 1,146, including 1,65 apartments in multidwelling buildings The number of homes started in 213 dropped by about 18 compared with 212. The figure has varied over the last few years in Malmö, but on average, construction started on around 1,2 homes each year from In the last few years, the City of Malmö has started and completed a large number of detailed plans for homes, providing a good planning base and good conditions for house building in the coming years. In January 214 there were detailed plans in progress for 1,8 homes, around 3, more than the previous year Multi-dwelling building = building with at least 3 separate apartments. The maximum number is unlimited. There were 154,796 employees in Malmö in 213. The number of employees increased by 1,56 or 1.% compared to the previous year After the summer of 211, the trend in the number of employees started to curve upwards again after a year at a constant level because of economic unrest in Europe and the world. Since then it has risen progressively and it is now at its highest level to date In the last year, there has been an increase in the electronics industry, hotels and restaurants and in leasing companies. There has been a drop within advertising and marketing and within building contractors Private Swedish companies excl. Groups show the biggest increase. The number of employees in municipal facilities has decreased. Limited companies are the legal form that has increased the most The number of employees has increased by 21% in 1 years. A positive long-term development can be noted within business services, IT and computer consultants, hotels and restaurants, education and commerce Number of employees = daytime population, i.e. the number of people employed in Malmö (excl. owners of sole proprietorships) who earned at least one basic amount per year, or worked as temporary employees for more than 3 months There was a cautious situation in the labour market in Skåne and Malmö in 213. Unemployment in Malmö increased from 14.% in 212 to 14.9% in 213, while the number of lay-offs decreased. Unemployment is expected to fall slightly in 214 The average number of Malmö residents registered with the employment office was 21,27, of which 9,151 were women and 12,56 men. Among young people aged 18 24, an average of 3,922 Malmö residents, 1,623 women and 2,299 men, were unemployed (i.e. 24.5% of the workforce) Unemployment was higher among men than among women (by 3.1 percentage points), and among young people, the difference was even greater (7.1 percentage points). It was also much higher for people born outside Sweden (28.%) than for the workforce as a whole (14.9%) Compared to other large cities in Sweden, Malmö had high unemployment. In Gothenburg, the figure was 9.4% and in Stockholm 7.1% (of the workforce aged 16 64) The situation in the labour market on Zealand has stabilised and is expected to turn around in 214. There was less commuting to Denmark in 213 than in 212, but the decrease has levelled off Average per year. People in the age group who are registered at the Employment Office as a percentage of the registered workforce. ( 27 = per cent of population)

18 NEW VACANCIES NEW COMPANIES BANKRUPTCIES Thousands Number 3, 2,5 2, 1,5 1, 5 Number New vacancies Previous calculation method Number of new companies Number of bankruptcies ,822 new vacancies were reported to the Public Employment Service in Malmö in 213, a slight increase of.7% compared to the previous year On average, 73 new vacancies were reported every day throughout the year After the financial crisis, the number of new vacancies rose again in 21 and 211. Demand fell away in the second half of 212 and the positive trend was interrupted. There was a slight increase in 213. The outcome is at a high level in historical terms Demand within hotels and restaurants and the public sector increased markedly in 213. Commerce also shows a slight increase Demand within telecommunications was down in 213 compared to the previous year. It also fell in energy and environment and consulting services During the last 1 years, the number of new vacancies has more than doubled. The sectors with the greatest positive growth in percentage terms are culture, entertainment and recreation, construction, and telecommunications, while demand was down within commerce and manufacturing Approximately 2,3 new companies are started each year (average over last 1 years) In 213, 8 companies were started every day 2,99 new companies were started in Malmö in 213. A very high figure and an increase of 3.5% compared with the previous year. Gothenburg showed an increase of 5%, Sweden as a whole was unchanged, and Stockholm decreased by 3% 6% of the new companies were sole proprietorships and 34% were limited companies. The number of limited companies continues to increase The new companies employed 3,481 people (approximately 1.2 per company) The number of new start-ups increased most in percentage terms during the year in education, hotels and restaurants and manufacturing 14.2 companies per thousand inhabitants were started in Malmö. This compares with 17.6 for Stockholm, 12.9 for Gothenburg and 11.5 for Sweden as a whole. There is a strong entrepreneurial spirit in Malmö and for several years the city has been ranked high up on lists of new enterprises in Sweden 68% of the enterprises started in Sweden in 28 were still in business three years later (survival rate) For each company that goes into liquidation, 7 new companies are started (average over last 1 years) Approximately 325 bankruptcies per year. Fewer than one bankruptcy per day (average over last 1 years) The financial crisis in 28 resulted in a large number of bankruptcies in 29. The number of bankruptcies fell slightly in the years following the crisis, but it went up again in bankruptcies in Malmö in 213, which is a sharp increase. In Malmö, Gothenburg and Sweden as a whole, the number of bankruptcies is rising again, while Stockholm is largely unchanged The bankruptcies occur within many industries. Big increases from the previous year can be seen in security, property management and office services, transport and warehousing and commerce. In some sectors, the number of bankruptcies has gone down, e.g. in culture, entertainment and recreation, and healthcare In recent years, limited companies have been responsible for the increase. Limited companies have also accounted for the increase in the last year. The increase is greatest among companies with to 19 employees New company = completely new start-up, or business resumed after at least two years lying dormant From 21, the statistics are based on registration data instead of the direct collection of information. New activation criteria were applied, and a new calculation basis for those employed.

19 GROWTH 19 INDUSTRIAL INVESTMENTS TURNOVER SEK million 1,2 Miljarder kr 25 1, Investments Forecast Omsättning, exkl moms Investments decreased in Malmö in 212 and 213. Industry in Malmö invested SEK 593 million during 213, which was a decrease of 28% compared to the previous year. The largest percentage decrease was shown in buildings and facilities. The outcome for 213 matches the forecast produced a year earlier In Sweden as a whole, industrial investment decreased by 4% compared to the previous year. The largest increase in volume in 213 came in the transport industry, the chemical industry and the timber industry. Among the industries that reduced their volume of investment were mining, steel and metal production, electronic goods and the food industry The forecast for Malmö for 214 shows an investment level of SEK 639 million, i.e. investments are expected to increase again. A few months into 214, the forecast had been revised upwards For Sweden as a whole, the original forecast for 214 was at the same level as 213. A few months into 214, the forecast had been revised downwards slightly Turnover amounted to SEK 26 billion in 213, which is the highest amount during the measurement period and an increase of 1.7% on the previous year After several years of strong growth, turnover dropped in due to the economic downturn. Turnover in Malmö has now increased again and is at a higher level than during the record years of During the last 1 years, turnover in Malmö has increased by 4% One industry registered a large percentage increase in turnover in the last year, and that was insurance Other sectors that have shown a sharp rise in turnover are consultancies and building contractors, followed by computers and electronic goods, the public sector, and travel agencies and tour companies Three industries in which turnover has decreased in the last year are other machinery, electrical goods, and the food industry Industry = SNI code B+C i.e. extraction of minerals and manufacturing. 214 = forecast VÄSTRA HAMNEN COMBINES JOBS, HOUSING AND RECREATION. PHOTO: LEIF JOHANSSON X-RAY

20 2 WORKFORCE GROWTH AND CONFIDENCE IN THE FUTURE Malmö has a flourishing commercial life with strong growth and belief in the future. In the 199s, the city went through a tough period in which several industries closed down and the active workforce shrank. During this period, decisions were made including the foundation of Malmö University (established in ) and the construction of the Öresund Bridge (inaugurated in 2). Two initiatives among many that have contributed to Malmö s development from an industrial town into a knowledge city. After a slight downturn in 29, the workforce has increased again over the last three years and is now at an all-time high A workforce of 161,172 was employed in Malmö An increase of 1.8% compared to the previous year and an increase of 19% over 1 years Over the last 1 years, it is primarily the sectors of business services and education that have increased. Manufacturing has decreased PHOTO: LEIF JOHANSSON X-RAY WORKFORCE DEVELOPMENT, DAYTIME POPULATION THOUSANDS Workforce (16+ years) with workplace in Malmö. The figures include both owners of sole proprietorships and employees in all forms of enterprise. RAMS Statistics Sweden

21 WORKFORCE 21 FROM INDUSTRIAL TOWN TO KNOWLEDGE CITY Today, a large number of people work within various knowledge-intensive service sectors in Malmö. Only 7% work in manufacturing. This is a lower figure than for Sweden as a whole, where 13% work in manufacturing In 21, business services overtook commerce to become the largest sector in Malmö Sweden as a whole differs from Malmö in terms of which areas have the highest workforce. In Sweden, the largest group is healthcare and social services (16%), followed by manufacturing (13%) Malmö has the largest proportion of its workforce working in business services (16%), followed by commerce (15%), healthcare and social services (14%) and education (9%) WORKFORCE BY INDUSTRY 18% 16% 14% 12% 1% 8% 6% 4% Over half (54%) work in the four largest groups Healthcare and social services have the largest proportion of women and the construction sector has the highest percentage of men GENDER BREAKDOWN 48% of the workforce are women and 52% are men The most equal gender breakdown is in hotels and restaurants (48% women and 52% men), followed by financial and insurance services (47% women and 53% men) MALMÖ SWEDEN Industries sorted in descending order of size. Workforce, daytime population 212 (+16 years). RAMS Statistics Sweden. SNI 27. 2% % Business services Commerce Healthcare, social services Education GEOGRAPHICAL DEVELOPMENT, WORKFORCE Manufacturing and extraction Construction activity Information and communication Public administration and defence Transport and warehousing Cultural and personal services Hotels and restaurants Financial and insurance services Real estate activities Energy supply, environmental services Agriculture, forestry and fisheries Unknown business Positive growth in the workforce in Malmö The size of the workforce with its workplace in Malmö has increased by 19% in 1 years In Sweden as a whole, the size of the workforce has increased by 1% over a 1-year period. The corresponding figure for Stockholm is 19%, Gothenburg 15% and Skåne 13% YEAR TREND TREND VS. PREVIOUS YEAR Stockholm 523,27 66, ,447 99,42 19% 16, % Gothenburg 274,522 38, ,894 41,372 15% 6, % Malmö 135,53 158, ,172 26,119 19% 2, % Lund 57,583 66,753 67,33 9,747 17% 577.9% Helsingborg 57,742 64,99 66,163 8,421 15% 1, % Skåne 493,815 55,77 555,95 62,9 13% 5, % Sweden 4,135,698 4,55,6 4,567,5 431,82 1% 61,9 1.4%

22 22 WORKFORCE INDUSTRY TREND (NO. OF EMPLOYEES) PERCENTAGE CHANGE The industries that show the largest percentage increase in the number of employees are hotels and restaurants followed by law, economics, science and technology and civil authorities and defence Healthcare and social services, transport and warehousing and education also show an increase of more than 1% Industries that show a decrease are agriculture/forestry/fishing, followed by energy, water, waste, construction, manufacturing, and information and communication LONG-TERM TRENDS Because of changes in the division into industries, it is not possible to make any detailed long-term analysis, but only to summarise the overall development in a few short comments: A positive long-term development can be noted within business services, IT and computer consultancies, hotels and restaurants, education and commerce A downward trend can be seen within manufacturing and agriculture/forestry/fishing From 29, the data is shown according to the new division into industries. For this reason, there is a break in the time series in the graphs. Even in those cases where the industry name is the same, both before and after 29, such as manufacturing, the underlying division may have changed. Therefore, the data for the new and old divisions into industries cannot be compared. We have chosen to retain and present the old definitions in order to give an impression of the long-term development.

23 WORKFORCE 23 18, 24, 16, 22, 2, 14, 12, 1, 18, 16, 14, 12, Commerce Transport and warehousing Culture, entertainment and recreation Hotels and restaurants 8, 1, 6, 4, 2, Manufacturing Construction Energy, water, waste, etc. Agriculture, forestry and fisheries 8, 6, 4, 2, Other business services includes, for example, legal, economic, architectural and technical consultancy activities, advertising and market research, staffing and recruitment, call centres, cleaning and other consultancy services to businesses. 22, 2, 18, 16, 14, Financial and insurance services Property companies and administrators IT and computer consultants Other business services Information and communication Law, economics, science and technology Rentals, property services, travel services and other support services 26, 24, 22, 2, 18, 16, Healthcare, social services Education + R&D Civil authorities and defence 12, 14, 1, 12, 8, 6, 4, 1, 8, 6, 4, 2, 2, THE NUMBER OF EMPLOYEES DOES NOT INCLUDE OWNERS OF SOLE PROPRIETORSHIPS, ONLY THE NUMBER OF EMPLOYEES SNI 22, SNI 27

24 24 CORPORATE STRUCTURE ONWARD FOR ENTREPRENEURSHIP Many new enterprises are being started and established enterprises are choosing to relocate to Malmö. The number of workplaces has increased significantly and today s corporate structure comprises to a large extent of small and medium-sized enterprises. 154,796 Malmö had 154,796 employees spread across 33,286 workplaces Both the number of employees and the number of workplaces have increased significantly The number of employees in Malmö has increased by 29% in 15 years The number of workplaces has increased by 54% in 15 years Definition of the number of employees = daytime population, i.e. the number of people employed in Malmö (excl. sole traders) who earned at least one basic amount per year, or who worked as temporary employees for more than 3 months PHOTO: LEIF JOHANSSON X-RAY TRENDS IN THE NUMBER OF WORKPLACES 35, 3, 25, 2, Workplaces Employees 16, 14, 12, 1, 8, 15, 1, 5, The increase in 211 is due to status rule changes made in 21 and 211 to adjust over and under coverage in the company register. 6, 4, 2,

25 CORPORATE STRUCTURE 25 LEGAL FORM OF ENTERPRISE Other public 8% Other sector 2% 42% 6% General and limited partnership Limited company Sole proprietorship 42% PHOTO: LEIF JOHANSSON X-RAY 42% of the workplaces were limited companies, and 42% were sole proprietorships, which are the two most widespread enterprise forms in Malmö The number of workplaces in the group limited companies has risen sharply in 15 years, increasing by 66%, and in the group sole proprietorships the number has increased by 62% The arrival of many new companies reflects the entrepreneurial spirit to be found in Malmö and the changes the city has undergone from a structure with a number of large companies to one with many smaller companies The largest proportion of employees is to be found in limited companies. The number of employees in limited companies has increased by 38% in 15 years WORKPLACES EMPLOYEES LEGAL FORM 213 CHANGE Limited company 8,44 13,995 5,555 66% Sole proprietorship 8,588 13,88 5,292 62% General and limited partnership 2,38 1, % Other, public sector % Other 1,694 2, % Total 21,555 33,286 11,731 54% 213 CHANGE 74,44 11,847 27,83 38% 757 2,63 1,36 173% 2,45 1, % 33,86 39,93 6,97 18% 8,554 9, % 119, ,796 35,23 29% THE NUMBER OF EMPLOYEES DOES NOT INCLUDE OWNERS OF SOLE PROPRIETORSHIPS, ONLY THE NUMBER OF EMPLOYEES

26 26 CORPORATE STRUCTURE WORKPLACES OWNER CONTROL CHANGE Government % Municipal % County council % Private Swedish excl. Groups 19,16 26,23 7,7 37% Private Swedish incl. Groups 2,963 4,329 1,366 46% Foreign 1,122 1, % Total 24,125 33,286 9,161 38% EMPLOYEES CHANGE 13,617 13, % 21,828 21, % 8,863 1,33 1,44 16% 23,427 31,284 7,857 34% 39,286 41,294 2,8 5% 22,184 36,43 13,859 62% 129,25 154,796 25,591 2% REVISED DATA FOR FOREIGN-OWNED COMPANIES IN 212 (SWEDISH AGENCY FOR GROWTH POLICY ANALYSIS) IS ON PAGE 28 NUMBER OF WORKPLACES BY NUMBER OF EMPLOYEES SECTOR empl Total number Agriculture, forestry and fisheries Manufacturing ,159 Energy, water, waste, etc Construction 1, ,85 Commerce 2,423 1,17 1, ,115 Transport and warehousing Hotels and restaurants ,22 Information and communication 1, ,413 Financial and insurance services Real estate activities 2, ,831 Law, economics, science and technology 4,453 1, ,482 Rental, real estate, travel and support services ,516 Public administration, defence, etc Education ,213 Healthcare, social services ,72 Culture, entertainment and recreation 2, ,698 Other services 1, ,352 Other Total 2,6 5,788 4,32 2, , SNI 27. THE NUMBER OF EMPLOYEES DOES NOT INCLUDE OWNERS OF SOLE PROPRIETORSHIPS

27 CORPORATE STRUCTURE 27 7% were employed in the private sector and 3% in the public sector in Malmö (213) The number of employees has increased by 2% since 23. The increase has occurred above all in the private sector Foreign-owned companies showed the largest increase in the number of employees; an increase of 62% since 23. Among foreign-owned companies, there are also companies the public would consider Swedish but which are registered abroad 97% 97% of Swedish trade and industry consists of so-called micro enterprises with fewer than 1 employees, which represented one quarter of trade and industry s added value in % Service companies employed 65% of the staff and accounted for 6% of the value-added in Sweden 25 Large corporations with 25 or more employees made up just one- thousandth of the number of companies, but accounted for 4% of the value-added in the Swedish economy Malmö s trade and industry is largely composed of small and medium-sized companies. This is the same structure as for Sweden as a whole A large proportion of the workplaces in Malmö have no employees Malmö has a mixed business community that includes many different sectors, giving the city a solid and diversified base The service sector has increased significantly over the last 15 years and today constitutes a considerable proportion of trade and industry PHOTO: FREDRIK JOHANSSON

28 28 CORPORATE STRUCTURE 1,195 1,195 workplaces had employees 584 workplaces 584 had 1 or more employees workplaces had 1 or more employees ÖRESUND BRIDGE, PHOTO: LEIF JOHANSSON X-RAY 32,582 Malmö 32,582 people worked in 1,67 foreign-owned workplaces in (212) NUMBER OF FOREIGN-OWNED WORKPLACES BY COUNTRY 317 Among Malmö s largest foreign-owned companies are firms such as Manpower, Pågen, ISS Facility Services, Arriva, G4S, Logica, ABB, Trygg-Hansa, E.ON and IKEA % of Malmö s workplaces were foreign-owned (excl. public sector) 31% of those employed in Malmö work in a foreign-owned company (excl. public sector) The number of foreign-owned workplaces has increased by 49% in 1 years The number of employees in foreign-owned workplaces has increased by 52% in 1 years % The largest investor countries in terms of the number of workplaces: Denmark (19%), Norway (13%), the United Kingdom (11%) and Germany (9%) 5 65 The largest numbers of workplaces are in commerce, real estate activities, business services and communication DENMARK NORWAY UNITED KINGDOM GERMANY LUXEMBOURG USA FINLAND THE NETHERLANDS FRANCE REST OF EUROPE REST OF THE WORLD

29 CORPORATE STRUCTURE 29 NUMBER OF FOREIGN-OWNED WORKPLACES 1,8 Foreign-owned workplaces 1,6 Employees in foreign-owned companies 1,4 1,2 1, In 2, the Öresund Bridge between Sweden and Denmark was opened. 35, 3, 25, 2, , 1, 5,

30 3 PROFILE AREAS MALMÖ S PROFILE AREAS Malmö focuses on a number of profile areas in a business context. These are areas in which Malmö s strengths are considered to be particularly successful in terms of more employment opportunities and greater growth. Read more on under Profile areas. LIFE SCIENCES The overall long-term objective is to increase Malmö s attractiveness. Malmö is an excellent place to establish life science activities, whether as companies or research projects. LOGISTICS Norra Hamnen is one of the most attractive places to establish logistics companies in northern Europe. Its strategic position makes it easy to distribute incoming and outgoing flows of goods. It boasts a modern logistics centre for transport by ship, train and goods vehicle. PHOTO: CMP HOSPITALITY INDUSTRY The overall goal for Malmö Tourism is to attract more visitors to Malmö. This will produce more economic turnover and more jobs in the hotel and catering industry in Malmö. The hotel and catering industry is very important to the labour market and to growth. Malmö Tourism is actively working to advertise Malmö s attractions and to provide an impetus for Malmö to keep developing more attractive offerings in the future. PHOTO: LEIF JOHANSSON X-RAY

31 PROFILE AREAS 31 COMMERCE Malmö will continue to develop and grow as a regional centre for commerce and visitors. Commerce has experienced strong growth in the last 1 years and employs around 2% of all those working in the retail sector in Skåne. An increasing population in Malmö and the region is accompanied by increased demand. An attractive city, the major commercial centres in the town, conference and exhibition facilities, events and leisure activities will contribute to this. PHOTO: LEIF JOHANSSON X-RAY HEAD OFFICES Malmö offers growth and belief in the future and is an attractive city in which to start a business. Its closeness to Copenhagen is a big attraction, along with the good infrastructure with Copenhagen Airport at its heart. Moreover, many key figures such as new company start-ups, new vacancies and revenue are on the increase. The big expansion areas are in Västra Hamnen and Hyllie. PHOTO: LEIF JOHANSSON X-RAY CLEANTECH The City of Malmö aims to become a cleantech city a place with a unique environmental technology profile combining economic, social and ecological sustainability. Together with companies, the university and other actors, the municipality aims to create an attractive location to start up, operate and develop companies in the cleantech field in Malmö. Within the City of Malmö, this profile area is driven via Malmö Cleantech City. CREATIVE INDUSTRIES Investments in film, music, computer games, web-based services, mobile platforms, design, architecture, fashion and new media have created a strong potential for the creative industries in Malmö. Creative industries are an area in which many different activities and industries overlap. Development and new business opportunities are created at the intersection between the different sectors. The creative industries are major drivers for innovation and new technology. The vision is to be an expanding centre for creative industries where business, education and research at an international level generate growth. PHOTO: JESPER BERG

32 THE STRAIGHT FACTS! The purpose of Malmö Snapshot is to provide all stakeholders in Malmö s trade and industry with straight facts and transparent statistics companies in Malmö, companies planning to move to Malmö and others who wish to follow developments in the business community. The report is available in Swedish and English Read and download a digital version from our website More information and statistics are available from our website Number of copies: 1,6 Design and production: W Communication Agency ( Printing: Holmbergs All graphs in this brochure refer to Malmö. The analyses have been produced in collaboration with the following departments of the City of Malmö: Department of Urban Planning, Department for Integration and Labour Market, and Malmö Tourism. Publisher: Pehr Andersson, Director, Trade and Industry Agency, City of Malmö Editor and analyst: Sara Bergman, Trade and Industry Agency, City of Malmö SOURCES Business Register (Statistics Sweden) European Spallation Source Femern A/S JLL Malmö University Statistics Sweden (SCB) Swedish Agency for Economic and Regional Growth Swedish Agency for Growth Policy Analysis Swedish Public Employment Service Örestat Öresund Committee Øresundsbron IN 212, MALMÖ SNAPSHOT WAS ONE OF FIVE FINALISTS FOR THE SWEDISH PUBLISHING PRIZE IN THE REPORTING CATEGORY Trade and Industry Agency Office address Lugna gatan 84 Postal address City of Malmö, SE-25 8 Malmö, Sweden Tel. +46 () Fax +46 () malmobusiness@malmo.se PHOTOGRAPH FRONT COVER: MALMÖ CENTRAL STATION, LEIF JOHANSSON X-RAY