AVARN SECURITY GROUP 2021 CEO STATEMENT
Avarn Security Group CEO statement for 2021 —
Avarn Security Group continued to deliver strong results in 2021, despite a challenging year where Covid continued to impact the business. The results in Avarn Security are in line with the strategic plans, which sees an increase in both revenues and EBITDA, however Nokas Cash Handling was heavily affected by Covid restrictions in 2021, with significant negative impact on volumes and revenue.
The financial performance of Avarn
made 2021 a challenging year. Increased
A new strategic plan for Avarn Security,
Security Norway improved during 2021,
sales capacity and new CRM system, which
called “Best in Class 2025”, was approved
despite the heavily negative effects from
went live in November, will contribute to
in September 2021. With specific initiatives
Covid particularly during the last two
sales and improved customer service.
already being implemented in areas
months of the year.
such as Price Strategy, Productivity and Customer Portfolio, we are expecting
Avarn Security Sweden has made
margin improvements going forward.
significant improvements during 2021 and, despite challenges caused by Covid,
Guarding
the Swedish operation has managed to
The Guarding business is operationally
implement several initiatives to improve
solid in all countries, however a rise in
processes and margins.
sick leave, overtime and lack of resources had significantly negative effects on
Avarn Security Finland has during 2021
the results.
experienced extraordinary high sick leave in Guarding, declining demand in
The overall performance in Guarding has been
the Systems market, write-down of old
good in 2021. Productivity is improving, aided
projects, weakness in project management and lack of sales capacity in Systems, which
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AVARN SECURITY ANNUAL REPORT 2021
Vidar Berg
GROUP CEO AVARN SECURITY GROUP
by a focus on quality in services and deliveries and conscious pricing strategy. Guarding had
