Slower growth for security branch in 2007
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Turnover of security and investigation services grew more slowly in the first three quarters of 2007 than in the preceding years. In the first and second quarter of 2007 turnover was 4.7 and 2.5 percent respectively higher than twelve months previously. These are significantly smaller increases than in the first two quarters of 2005 and 2006, when turnover grew by more than 8 percent on average. The third quarter of 2007 was better for this branch, with a turnover increase of 6 percent.
The increase in turnover in this branch is partly connected with general economic growth and price developments in the security sector. In addition, the wide social awareness of security has also played a part.
And lastly private security companies have been taking over more and more tasks from the police as public-private cooperation has increased and the security branch has become more professional.
The largest part of turnover in the security and investigation branch was realised in corporate security. This consists mainly of entrance checks, surveillance within company premises and store security in the retail sector.