Fixed-price contract disputes
Project work is often agreed at fixed prices, so scope misunderstandings can lead to losses or disputes.
- Scope
- Project delivery
- Materiality
- high
Nordic LEVEL Group
Nordic LEVEL Group is a Swedish security group based in Sundbyberg that combines technology integration, security advisory, and related service offerings. Its business covers security systems and services for fire protection, locks, access control, video surveillance, intrusion protection, monitoring, and 24/7 support, primarily across the Nordic market with selected international projects.
| % | |
|---|---|
| Technology | 70% Integrated security systems, products and implementation services for physical security. |
| Advisory | 20% Security consulting and related advisory services, including partner-delivered cyber expertise. |
| Service and support | 10% 24/7 operations, maintenance, training, alarm center and SOC support. |
The company serves organizations that need tailored security solutions rather than off-the-shelf products, especially...
- Critical infrastructure and societal-critical operationsprimary
Buys integrated security systems and ongoing support to protect essential facilities and operations.
- Banking and financial institutionsprimary
Buys modernization of alarm, access and surveillance systems across distributed sites.
- Commercial and institutional customerssecondary
Buys project-based security integration, advisory and service contracts for buildings and assets.
- Outsourcing customerssecondary
Buys outsourced security functions, monitoring and staffing through partner-supported arrangements.
Nordic LEVEL Group is headquartered in Sweden and operates mainly on a national basis there, with offices in Stockholm,...
- •Headquartered in Sundbyberg, Sweden
- •Core operations across Sweden, including Stockholm, Gothenburg and Skellefteå
- •National delivery model for most advisory and technology work
- •Selected international projects for specific customers
- •Nordic market focus shapes customer mix and service delivery
The company’s strategy is to combine security advisory, technology integration and partner-delivered cyber capabilities...
01
Expand integrated security offeringsmedium-term
Combining consulting, systems and services increases relevance for complex customers.
02
Deepen presence in critical infrastructure and bankingmedium-term
These segments need higher-specification solutions and can support multi-site relationships.
03
Strengthen recurring service and support revenueshort-term
Service contracts and 24/7 support can improve customer retention and visibility.
The business is exposed to project execution risk, fixed-price contract disputes and intense competition, all of which...
Increasing competition
More competition can reduce pricing power and make it harder to win new contracts.
- Scope
- New business and renewals
- Materiality
- high
Dependence on competent personnel
The model requires experienced specialists for design, installation, advisory and support work.
- Scope
- Recruitment and retention
- Materiality
- high
Warranty and service obligations
Installed security systems and service agreements can generate future repair or support costs.
- Scope
- Aftermarket commitments
- Materiality
- medium
IFRS 15
IFRS 15 revenue recognition
Contract assets, contract liabilities and quarterly comparability
Goodwill and brand impairment
Potential non-cash write-downs
Customer relationships intangible assets
Amortization expense
Lease accounting
Balance sheet leverage and depreciation/interest split
: 11/08/2026