# Nordic LEVEL Group > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/nordiclevelgroup). ## Overview 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. ## Products & services • Security system design and integration • Fire, lock, access control and CCTV solutions • Security advisory and cyber-related advisory via partners • Installation, commissioning, training and project management • 24/7 service, support, alarm center and SOC services • Guarding and staffing services through partner arrangements - **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. - Security system design and integration - Fire, lock, access control and CCTV solutions - Security advisory and cyber-related advisory via partners - Installation, commissioning, training and project management - 24/7 service, support, alarm center and SOC services - Guarding and staffing services through partner arrangements ## Customers The company serves organizations that need tailored security solutions rather than off-the-shelf products, especially customers with complex sites or critical operations. Reported focus areas include societal-critical operations, critical infrastructure, banking and finance, and other customers that require integrated physical security, advisory support, and ongoing service. - **Critical infrastructure and societal-critical operations** (primary) — Buys integrated security systems and ongoing support to protect essential facilities and operations. - **Banking and financial institutions** (primary) — Buys modernization of alarm, access and surveillance systems across distributed sites. - **Commercial and institutional customers** (secondary) — Buys project-based security integration, advisory and service contracts for buildings and assets. - **Outsourcing customers** (secondary) — Buys outsourced security functions, monitoring and staffing through partner-supported arrangements. - Critical infrastructure operators needing integrated security systems - Public and private organizations with complex site security needs - Banks and financial institutions modernizing alarm and access systems - Customers outsourcing parts of security operations and support - Organizations seeking combined advisory, technology and service delivery ## Geography Nordic LEVEL Group is headquartered in Sweden and operates mainly on a national basis there, with offices in Stockholm, Gothenburg and Skellefteå. The company also handles specific customer assignments and projects internationally, but its core operating footprint remains the Nordic region. - 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 ## Strategy The company’s strategy is to combine security advisory, technology integration and partner-delivered cyber capabilities into tailored solutions for demanding customers. It emphasizes flexible delivery models, including Security-as-a-Service, and a focus on critical infrastructure and other high-requirement environments where integrated offerings can create stickier customer relationships. - **Expand integrated security offerings** (medium-term) — Combining consulting, systems and services increases relevance for complex customers. - **Deepen presence in critical infrastructure and banking** (medium-term) — These segments need higher-specification solutions and can support multi-site relationships. - **Strengthen recurring service and support revenue** (short-term) — Service contracts and 24/7 support can improve customer retention and visibility. - Combine advisory and technology into one security offering - Target critical infrastructure and other demanding end markets - Use partner networks for cyber, monitoring and staffing capabilities - Offer flexible delivery and ownership models, including SECaaS - Build recurring service relationships around installed systems ## Risks The business is exposed to project execution risk, fixed-price contract disputes and intense competition, all of which can pressure pricing and delivery outcomes. It also depends on skilled personnel and on service and warranty commitments, while its use of partner-delivered cyber and staffing services adds third-party dependency risk. - **Fixed-price contract disputes** [high] — Project work is often agreed at fixed prices, so scope misunderstandings can lead to losses or disputes. - **Increasing competition** [high] — More competition can reduce pricing power and make it harder to win new contracts. - **Dependence on competent personnel** [medium] — The model requires experienced specialists for design, installation, advisory and support work. - **Warranty and service obligations** [medium] — Installed security systems and service agreements can generate future repair or support costs. - Fixed-price project contracts can create dispute and margin risk - Competition may increase price pressure and reduce new awards - Dependence on skilled staff makes recruitment and retention important - Service and warranty obligations can create future cost exposure - Partner reliance adds execution and quality-control risk ## Accounting Revenue recognition depends on contract type: advisory is generally recognized as services are performed, while service agreements are recognized linearly over the contract period and product sales at transfer of control. The company also carries judgment-heavy balance sheet items such as goodwill, brand value, acquired customer relationships and lease liabilities, all of which can materially affect reported earnings and asset values. - **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 - Service contracts are recognized over time, affecting revenue timing - Product sales are recognized at transfer of control - Project work can create contract assets or contract liabilities - Goodwill and brand are subject to annual impairment testing - Leases for offices, warehouses, machines and vehicles affect IFRS 16 balances --- *Last updated: 2026-08-11T04:04:54.926650+00:00*