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Annual Report 2011
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Operating income before by business
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“ Specialization rather than dive
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2. Acquisitions Approximately half
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The key to success lies in “ work
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Knowledge Leader in Security Securi
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We specialize in customer segments
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12 Presentation of our business Ove
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14 Presentation of our business Sec
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16 Presentation of our business Sec
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18 Presentation of our business Mob
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20 Presentation of our business Sec
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22 Presentation of our business New
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· Increased use of technology. Inc
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Europe, 4-6 % market growth Growth:
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Greater customer value when investi
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A Challenging Year At year-end, the
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LARGEST SHAREHOLDERS AT DECEMBER 31
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Governance and Management
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Clear and Effective Structure for G
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The work of the Board of Directors
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Employee representatives 1 Annika F
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Supervisory Board (Finansinspektion
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Enterprise risk management process
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all risks related to the infrastruc
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tions deemed to be risk areas, for
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Board of Directors The activities o
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income and expenses in the statemen
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Volume-related factors The first tw
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Aimé Lyagre b. 1959 Chief Operatin
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60 The formal annual accounts and t
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62 Annual Report Report of the Boar
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64 Annual Report Report of the Boar
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66 Annual Report Report of the Boar
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68 Annual Report Report of the Boar
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70 Annual Report Consolidated finan
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72 Annual Report Consolidated finan
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74 Annual Report Consolidated finan
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76 Annual Report Notes and comments
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78 Annual Report Notes and comments
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80 Annual Report Notes and comments
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82 Annual Report Notes and comments
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84 Annual Report Notes and comments
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86 Annual Report Notes and comments
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88 Annual Report Notes and comments
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90 Annual Report Notes and comments
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