Securitas Annual Report 2007

Contents
Introduction 3   About Securitas
  5   2007 in Brief
The Group 6   Comments by the CEO
  8   Our Services
  10   Case Retail
  11   Case Gated Communities
  12   The Market
  14   Case Car Dealer
  15   Case Track and Trace
  16   Our People
  18   Case New Markets
  20   The Share, Shareholders and Dividend
  22   Operational Risk
  25   Financial Control and Financial Objectives
  29   Five Year Overview
Annual Report Report of the Board of Directors
30 Financial Overview
38 Security Services North America
40 Security Services Europe
42 Mobile and Monitoring
44 Loomis
   
  Financial Reports
46 Consolidated Financial Statements
51 Notes and Comments to the Consolidated
  Financial Statements
82 Parent Company Financial Statements
86 Notes and Comments to the Parent Company
  Financial Statements
91 Audit Report
Corporate Governance 92   Report of the Board of Directors –
      Corporate Governance and Internal Control
  102   Board of Directors and Auditors
  104   Group Management
Corporate Information 106   Quarterly Data
  108   Financial Information and Invitation to the
      Annual General Meeting
A Knowledge Leader in Security
Security is our business. By focusing on providing adapted solutions to fit each customer’s individual needs, Securitas has managed to develop a sustainable growth and profitability in all markets. The key success component and a cornerstone in our business philosophy is knowledge. Securitas long-term strategy of continuous benchmarking, transfer of best practice, knowledge about the customers and their needs and tailored training programs across all levels in the organization has resulted into a solid base of industry know-how.
Securitas services a wide range of customers in a variety of industries and segments. They range from governments, airports, critical infrastructure, office buildings, banks, shopping centers, hotels, manufacturing industries, mines, hospitals, residential areas to high-tech and IT companies. As the size of the customers varies from the ‘shop on the corner’ to multi-billion industries, the security solutions are as multi-faceted as the number of assignments.
To solve the challenge of delivering tailor-made solutions to the mixed base of customers, Securitas has organized its operations in a flat, decentralized structure, supported by a vertical structure for customer segments where it makes financial sense. For those segments, there are specialized units geared towards specific industries, such as petrochemical industry, public transportation and financial sector. Our core business is security services, including the main business lines specialized guarding, mobile and monitoring. In addition, Securitas provides consulting and investigation services through Pinkerton and cash handling services through
Loomis, two wholly-owned subsidiaries.
Today, Securitas is present in more than 30 countries in North America, South America, Europe and Asia, with more than 250,000 employees. The Group’s global market share of the outsourced security services market is approximately 12 percent.
The divisions are: Security Services North America, Security Services Europe, Mobile and Monitoring, and Loomis.
  • Securitas.
Contents
 
Introduction 3   About Securitas
  5   2007 in Brief
The Group 6   Comments by the CEO
  8   Our Services
  10   Case Retail
  11   Case Gated Communities
  12   The Market
  14   Case Car Dealer
  15   Case Track and Trace
  16   Our People
  18   Case New Markets
  20   The Share, Shareholders and Dividend
  22   Operational Risk
  25   Financial Control and Financial Objectives
  29   Five Year Overview
 
Annual Report Report of the Board of Directors
30 Financial Overview
38 Security Services North America
40 Security Services Europe
42 Mobile and Monitoring
44 Loomis
   
  Financial Reports
46 Consolidated Financial Statements
51 Notes and Comments to the Consolidated
  Financial Statements
82 Parent Company Financial Statements
86 Notes and Comments to the Parent Company
  Financial Statements
91 Audit Report
 
Corporate Governance 92   Report of the Board of Directors –
      Corporate Governance and Internal Control
  102   Board of Directors and Auditors
  104   Group Management
Corporate Information 106   Quarterly Data
  108   Financial Information and Invitation to the
      Annual General Meeting

Page 3

 
A Knowledge Leader in Security
 
Security is our business. By focusing on providing adapted solutions to fit each customer’s individual needs, Securitas has managed to develop a sustainable growth and profitability in all markets. The key success component and a cornerstone in our business philosophy is knowledge. Securitas long-term strategy of continuous benchmarking, transfer of best practice, knowledge about the customers and their needs and tailored training programs across all levels in the organization has resulted into a solid base of industry know-how.
 
Securitas services a wide range of customers in a variety of industries and segments. They range from governments, airports, critical infrastructure, office buildings, banks, shopping centers, hotels, manufacturing industries, mines, hospitals, residential areas to high-tech and IT companies. As the size of the customers varies from the ‘shop on the corner’ to multi-billion industries, the security solutions are as multi-faceted as the number of assignments.
 
To solve the challenge of delivering tailor-made solutions to the mixed base of customers, Securitas has organized its operations in a flat, decentralized structure, supported by a vertical structure for customer segments where it makes financial sense. For those segments, there are specialized units geared towards specific industries, such as petrochemical industry, public transportation and financial sector. Our core business is security services, including the main business lines specialized guarding, mobile and monitoring. In addition, Securitas provides consulting and investigation services through Pinkerton and cash handling services through
Loomis, two wholly-owned subsidiaries.
Today, Securitas is present in more than 30 countries in North America, South America, Europe and Asia, with more than 250,000 employees. The Group’s global market share of the outsourced security services market is approximately 12 percent.
 
The divisions are: Security Services North America, Security Services Europe, Mobile and Monitoring, and Loomis.