AKVA group Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Knut Nesse

Chief executive officer

NOK 6.1m

Total compensation

CEO salary percentage	96.5%
CEO tenure	5yrs
CEO ownership	0.5%
Management average tenure	2.7yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Knut Nesse's remuneration changed compared to AKVA group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 84m
Jun 30 2024	n/a	n/a	-NOK 7m
Mar 31 2024	n/a	n/a	-NOK 13m
Dec 31 2023	NOK 6m	NOK 6m	-NOK 18m
Sep 30 2023	n/a	n/a	-NOK 20m
Jun 30 2023	n/a	n/a	-NOK 109m
Mar 31 2023	n/a	n/a	-NOK 171m
Dec 31 2022	NOK 3m	NOK 3m	-NOK 131m
Sep 30 2022	n/a	n/a	-NOK 88m
Jun 30 2022	n/a	n/a	NOK 19m
Mar 31 2022	n/a	n/a	NOK 76m
Dec 31 2021	NOK 3m	NOK 3m	NOK 11m
Sep 30 2021	n/a	n/a	NOK 13m
Jun 30 2021	n/a	n/a	NOK 35m
Mar 31 2021	n/a	n/a	NOK 45m
Dec 31 2020	NOK 6m	NOK 3m	NOK 91m
Sep 30 2020	n/a	n/a	-NOK 2m
Jun 30 2020	n/a	n/a	NOK 4m
Mar 31 2020	n/a	n/a	NOK 7m
Dec 31 2019	NOK 3m	NOK 444k	NOK 15m

Compensation vs Market: Knut's total compensation ($USD549.26K) is below average for companies of similar size in the German market ($USD852.77K).

Compensation vs Earnings: Knut's compensation has been consistent with company performance over the past year.

CEO

Knut Nesse (57 yo)

5yrs

Tenure

NOK 6,061,000

Compensation

Mr. Knut Nesse served as a Member of the Board at Nordic Halibut AS until 2022. He was Chairman of the Board at Desert Control AS since 2019 until October 2024. He serves as Chief Executive Officer of AKVA...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Knut Nesse	Chief Executive Officer	5yrs	NOK 6.06m	0.54% € 1.2m
Ronny Meinkoehn	Group Chief Financial Officer	4.3yrs	NOK 3.82m	0.065% € 140.4k
Stale Okland	Group Director of Communications & Sustainability	2.7yrs	NOK 2.27m	0.029% € 63.1k
Maren Sunde	Group HR Director	2.4yrs	NOK 2.15m	0.029% € 63.1k
Johan Gjesdal	Chief Operating Officer of Land Based	4.1yrs	NOK 2.79m	0.034% € 73.3k
Asle Bratteli	Chief Digital Officer	3.8yrs	NOK 2.97m	0.029% € 63.1k
Glenn Mo	Chief Operating Officer Egersund Net	2.4yrs	NOK 3.52m	0.029% € 63.1k
Kristian Botnen	Chief Operating Officer of Sea Based Nordic	2.3yrs	NOK 2.37m	0.021% € 44.7k
Stig Forre	COO of Sea Based International	1.3yrs	NOK 1.16m	0.015% € 32.3k

2.7yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 3QI's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yoav Doppelt	Director	3.1yrs	NOK 210.00k	no data
Frode Teigen	Director	15.4yrs	NOK 210.00k	no data
Heidi Flikka	Independent Director	3.5yrs	NOK 210.00k	no data
Hans Mong	Independent Chairperson	12.5yrs	NOK 345.00k	no data
Odd Haland	Employee Representative Director	2yrs	NOK 53.00k	no data
John Kristiansen	Employee Representative Director	2yrs	NOK 53.00k	no data
Kristin Huseboe	Independent Deputy Chairperson	5.5yrs	NOK 229.00k	0.0033% € 7.2k
Tore Rasmussen	Independent Director	3.5yrs	NOK 210.00k	0.041% € 89.9k
Irene Lauvsnes	Independent Director	3.1yrs	NOK 210.00k	no data
Alexander Myklebust	Deputy Member of the Board	no data	no data	no data
Mona Skadberg	Employee Representative Director	less than a year	no data	no data

3.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 3QI's board of directors are considered experienced (3.3 years average tenure).

AKVA group Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Director recently bought €86k worth of stock

AKVA group ASA, Annual General Meeting, May 02, 2024

High number of new directors

High number of new directors

Chief Executive Officer recently bought €524k worth of stock

High number of new and inexperienced directors

Recent updates

Independent Director recently bought €86k worth of stock

AKVA group ASA to Report First Half, 2025 Results on Aug 15, 2025

Third quarter 2024 earnings released: EPS: kr2.44 (vs kr0.082 loss in 3Q 2023)

Second quarter 2024 earnings released: EPS: kr0.73 (vs kr0.56 in 2Q 2023)

AKVA group ASA Provides Earnings Guidance for 2024

First quarter 2024 earnings released: EPS: kr0.13 (vs kr0.011 in 1Q 2023)

Full year 2023 earnings released: kr0.49 loss per share (vs kr3.61 loss in FY 2022)

Full year 2023 earnings released: kr0.61 loss per share (vs kr3.61 loss in FY 2022)

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

AKVA group ASA, Annual General Meeting, May 02, 2024

New major risk - Financial position

Third quarter 2023 earnings released: kr0.082 loss per share (vs kr2.55 loss in 3Q 2022)

AKVA group ASA (OB:AKVA) acquired 51% stake in Submerged As.

Second quarter 2023 earnings released: EPS: kr0.56 (vs kr1.13 loss in 2Q 2022)

First quarter 2023 earnings released: EPS: kr0.011 (vs kr1.10 in 1Q 2022)

High number of new directors

Full year 2022 earnings released: kr3.61 loss per share (vs kr0.34 profit in FY 2021)

Full year 2022 earnings released: kr3.99 loss per share (vs kr0.34 profit in FY 2021)

AKVA group ASA to Report Q3, 2023 Results on Nov 10, 2023

High number of new directors

Third quarter 2022 earnings released: kr2.55 loss per share (vs kr0.43 profit in 3Q 2021)

Chief Executive Officer recently bought €524k worth of stock

Second quarter 2022 earnings released: kr1.13 loss per share (vs kr0.48 profit in 2Q 2021)

AKVA group ASA Provides Earnings Guidance for the Second Quarter of 2022

First quarter 2022 earnings released: EPS: kr1.10 (vs kr0.74 loss in 1Q 2021)

Now 20% undervalued

High number of new and inexperienced directors

Now 21% undervalued after recent price drop

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 20% undervalued

Upcoming dividend of kr1.00 per share

AKVA Group ASA Proposes Dividend First Quarter 2022

Akva Group Asa Announces Half-Yearly Dividend, Payable on 11 March 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Third quarter 2021 earnings released: EPS kr0.43 (vs kr1.08 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr0.48 (vs kr0.79 in 2Q 2020)

Independent Deputy Chairperson has left the company

First quarter 2021 earnings released: kr0.74 loss per share (vs kr0.63 profit in 1Q 2020)

Full year 2020 earnings released: EPS kr2.74 (vs kr0.44 in FY 2019)

Upcoming dividend of kr1.00 per share

Full year 2020 earnings released: EPS kr2.63 (vs kr0.44 in FY 2019)

Revenue beats expectations

AKVA Group ASA Announces Half-Yearly Dividend, Payable on April 14, 2021

AKVA Group ASA (OB:AKVA) acquired 33.7% stake in Observe Technologies Limited.

New 90-day high: €9.94

New 90-day high: €7.68

AKVA Group ASA to Report Q3, 2021 Results on Nov 05, 2021

Insider recently bought €71k worth of stock

An unknown buyer acquired 11.76% stake in AKVA Group ASA (OB:AKVA) from Wheatsheaf Group Limited.

New 90-day high: €6.58

Revenue misses expectations

Third quarter 2020 earnings released: EPS kr1.08

AKVA Group ASA's Subsidiary AKVA Group Land Based A/S Signs Engineering and Design Contract with the Norwegian Company Ecofisk AS

Anthony James Steps Down as Board Member of AKVA group ASA

New 90-day high: €6.28

AKVA Group ASA (OB:AKVA) completed the acquisition of Austevoll Rorteknikk AS.

Earnings released

AKVA Group ASA (OB:AKVA) cancelled the acquisition of remaining 31.3% stake in AKVA Marine Services AS from minority shareholders.

AKVA Group ASA (OB:AKVA) exercised the option to acquire the remaining 34% stake in Sperre AS from Sperre Group AS for NOK 69.7 million.

New 90-day high - €6.08

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure