Tempest Security

Tempest Security AB is a Swedish security services group based in Stockholm with operations in Sweden, Denmark, and the United Kingdom. The company provides tailored security solutions that combine guarding, monitoring, technical security services, investigations, and risk-related support through its operating subsidiaries.

— Tempest Security
%
Security Solutions70% Guarding, monitoring, alarm response, and technical security services delivered mainly in Sweden.
Risk Solutions30% International risk-related services including investigations, background checks, and specialist security support.

Tempest Security serves organizations that need outsourced protection, monitoring, and specialist security support...

  • Guarding and patrol clientsprimary

    Buy stationed guards, mobile patrols, and alarm response to protect premises and people.

  • Monitoring and technical security clientsprimary

    Buy SOC monitoring, CCTV, alarm, and access-control services to improve oversight.

  • Risk and investigations clientssecondary

    Buy background checks, investigations, and specialist risk support for sensitive needs.

  • Cross-border and multi-site customerssecondary

    Buy standardized security support across Sweden, Denmark, and the UK.

Tempest Security is headquartered in Stockholm and operates primarily in Sweden, where Security Solutions is centered...

  • •Headquartered in Stockholm, Sweden
  • •Primary operating base and largest workforce in Sweden
  • •Established in Denmark since 2020
  • •Established in the United Kingdom since 2017
  • •International risk services supported by a partner network

Tempest Security is focused on a more concentrated Nordic security platform, with Sweden and Denmark described as its...

01
Concentrate on core Nordic marketsshort-term

A narrower geographic focus improves control, service quality, and execution consistency.

02
Strengthen operational efficiencymedium-term

Better staffing and contract management improve the economics of labor-intensive security services.

03
Build around SOC and technical servicesmedium-term

Monitoring and technical security services can deepen customer relationships and support recurring service demand.

Tempest Security faces operational risks typical of labor-intensive security services, including staffing quality,...

high

Operational delivery and personnel risk

Security services depend on correct recruitment, training, and supervision; failures can create service or liability issues.

Scope
Guarding, patrol, and response services
Materiality
high
high

Customer concentration and contract renewal risk

Large contracts can represent meaningful revenue, and loss of a major client can quickly affect utilization.

Scope
Large enterprise and institutional accounts
Materiality
high
high

Pricing pressure versus wage inflation

If contract prices cannot be adjusted to offset wage or other cost increases, margins and project economics weaken.

Scope
Guarding and staffing-heavy contracts
Materiality
high
medium

Seasonal revenue and cash flow variation

The company states that Q1 and Q4 are normally the weakest quarters, affecting comparability and liquidity planning.

Scope
Quarterly results and working capital
Materiality
high
medium

Macroeconomic and geopolitical uncertainty

Inflation, interest rates, trade disruption, and geopolitical tensions can affect demand, costs, and client budgets.

Scope
Nordic and international operations
Materiality
medium
Seasonality and quarterly comparability
Revenue, EBITDA, and cash flow timing
Expected credit losses on receivables
Bad debt expense and working capital
Lease accounting
Operating expenses, right-of-use assets, and lease liabilities
Acquisition and goodwill impairment
Non-cash impairment charges and equity

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: 11/08/2026