Sõõrumaa’s security service company aims for 25 percent of market

01.08.2012, 13:10

USS Security, a security services company owned by Urmas Sõõrumaa, said that its revenues went up 2.5 times a year and the number of employees increased 2.3 times.

The company’s first half revenues were 5.15 million euros and the group employs 1,061 people.

A year earlier, K-Grupp, the predecessor of USS Security, had 2 million euros in revenues and 463 employees.

Commenting the results, Sõõrumaa said that USS Security was growing and developing in the best possible way.

Sõõrumaa said that the company’s market share in the security services sector is about 20 percent at present, up from around 14 percent in 2011.

“I hope that the Estonian economy will continue recovering. Our targets of 12 million euros in revenues and 25 percent of the market share are entirely realistic objectives,” he added.

The core business of USS Security, provision of security services, increased 2.6 times a year from 1.84 million euros to 4.75 million euros.

Recently, the company has won large tenders from Eesti Energia, operators of Rocca al Mare, Kristiine and Magistrali shopping centres, Kehra paper plant, Alexela terminal in Sillamäe, etc.