Bufab Management

Management criteria checks 3/4

Bufab's CEO is Erik Lunden, appointed in Aug 2022, has a tenure of 1.67 years. total yearly compensation is SEK8.10M, comprised of 55.6% salary and 44.4% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth €114.60K. The average tenure of the management team and the board of directors is 4 years and 6.6 years respectively.

Key information

Erik Lunden

Chief executive officer

kr8.1m

Total compensation

CEO salary percentage	55.6%
CEO tenure	1.7yrs
CEO ownership	0.01%
Management average tenure	4yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Erik Lunden's remuneration changed compared to Bufab's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr518m
Dec 31 2023	kr8m	kr5m	kr574m
Sep 30 2023	n/a	n/a	kr638m
Jun 30 2023	n/a	n/a	kr717m
Mar 31 2023	n/a	n/a	kr644m
Dec 31 2022	kr5m	kr1m	kr609m

Compensation vs Market: Erik's total compensation ($USD741.20K) is below average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Erik's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Erik Lunden (42 yo)

1.7yrs

Tenure

kr8,100,000

Compensation

Mr. Erik Lunden serves as Bufab AB (publ) since August 15, 2022. He is Division Manager for Parts & Services at Sandvik Mining & Rock Solutions in the Netherlands. During his tenure at Sandvik he has held...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Erik Lunden	CEO & President	1.7yrs	kr8.10m	0.011% SEK 114.6k
Par Ihrskog	Group Chief Financial Officer	less than a year	no data	0.0013% SEK 14.3k
Johan Lindqvist	VP, Deputy CEO & Group Director of Europe North & East	9.3yrs	kr5.20m	0.41% SEK 4.4m
Carina Lööf	Director of Global Sourcing & Sustainability	6.3yrs	no data	0.072% SEK 781.1k

4.0yrs

Average Tenure

53yo

Average Age

Experienced Management: 29B's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Per-Arne Blomquist Curt	Independent Director	4yrs	kr400.00k	0.21% SEK 2.3m
Hans Bjorstrand	Independent Director	18.3yrs	kr300.00k	0.013% SEK 143.2k
Bertil Persson	Independent Director	4yrs	kr300.00k	no data
Bengt Liljedahl	Independent Chairman	8.3yrs	kr700.00k	no data
Anna Liljedahl	Independent Director	5yrs	kr300.00k	no data
Eva Nilsagard	Independent Director	8.9yrs	kr400.00k	no data

6.6yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 29B's board of directors are considered experienced (6.6 years average tenure).

Bufab Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €208k worth of stock

Insider recently sold €301k worth of stock

Bufab AB (publ), Annual General Meeting, Apr 25, 2024

Bufab AB (publ) Announces CFO Changes, Effective August 14, 2023

Insufficient new directors

Bufab AB (publ), Annual General Meeting, Apr 20, 2023

Recent updates

Bufab AB (Publ) Approves the Proposal of Dividend, Payable on 3 May 2024

First quarter 2024 earnings released: EPS: kr3.83 (vs kr5.33 in 1Q 2023)

Upcoming dividend of kr5.00 per share

Final dividend of kr5.00 announced

Full year 2023 earnings released: EPS: kr15.18 (vs kr16.22 in FY 2022)

Insider recently sold €208k worth of stock

Bufab AB (Publ) Proposes Dividend for the Financial Year 2023

Insider recently sold €301k worth of stock

Full year 2023 earnings released: EPS: kr15.18 (vs kr16.22 in FY 2022)

Bufab AB (Publ) Proposes Dividend for the Year 2023, Payable on 3 May 2024

Bufab AB (publ) Announces Dividend Policy

Third quarter 2023 earnings released: EPS: kr2.59 (vs kr4.71 in 3Q 2022)

Bufab AB (publ), Annual General Meeting, Apr 25, 2024

Now 24% undervalued after recent price drop

Upcoming dividend of kr2.25 per share at 1.8% yield

Second quarter 2023 earnings released: EPS: kr5.43 (vs kr3.52 in 2Q 2022)

Bufab AB (publ) Announces CFO Changes, Effective August 14, 2023

Insufficient new directors

Investor sentiment improves as stock rises 21%

First quarter 2023 earnings released: EPS: kr5.33 (vs kr4.43 in 1Q 2022)

Upcoming dividend of kr2.50 per share at 1.7% yield

Now 22% undervalued

Bufab AB (publ), Annual General Meeting, Apr 20, 2023

Now 21% undervalued

Full year 2022 earnings released: EPS: kr16.22 (vs kr12.56 in FY 2021)

Bufab AB (Publ) Proposes Dividend for the Year 2022

Marcus Söderberg Decides to Leave Bufab AB (Publ) as Chief Financial Officer, Effective May 2023

Third quarter 2022 earnings released: EPS: kr4.71 (vs kr2.99 in 3Q 2021)

Bufab AB (publ) to Report Q2, 2023 Results on Jul 13, 2023

Bufab AB (publ) to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2022 earnings released: EPS: kr3.52 (vs kr3.31 in 2Q 2021)

Investor sentiment deteriorated over the past week

Insider recently sold €92k worth of stock

First quarter 2022 earnings released: EPS: kr4.43 (vs kr3.19 in 1Q 2021)

Bufab AB (publ) (OM:BUFAB) acquired CDA Polska Sp. z o.o. Sp. k.

Upcoming dividend of kr3.75 per share

Full year 2021 earnings released: EPS: kr12.56 (vs kr8.04 in FY 2020)

Now 22% undervalued after recent price drop

Bufab AB (publ) Announces Management Changes

Now 21% undervalued after recent price drop

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

Bufab AB (Publ) Proposes Dividend for the Year 2021

Third quarter 2021 earnings released: EPS kr2.99 (vs kr2.45 in 3Q 2020)

Executive Officer Jorgen Rosengren has left the company

Bufab AB (publ) (OM:BUFAB) agreed to acquire Component Solutions Group, Inc. for $36 million.

Second quarter 2021 earnings released: EPS kr3.31 (vs kr1.24 in 2Q 2020)

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS kr3.19 (vs kr2.31 in 1Q 2020)

Upcoming dividend of kr2.75 per share

Full year 2020 earnings released: EPS kr8.04

New 90-day high: €21.35

Full year 2020 earnings released: EPS kr8.04 (vs kr6.77 in FY 2019)

Revenue beats expectations

New 90-day high: €20.05

New 90-day high: €17.46

Market bids up stock over the past week

New 90-day high: €14.50

Market bids up stock over the past week

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

New 90-day high: €13.46

Bufab AB (publ) (OM:BUFAB) agreed to acquire HT Bendix A/S from Industri Udvikling III K/S managed by Industri Udvikling A/S for SEK 420 million

New 90-day high: €12.00

New 90-day high - €11.72

New 90-day high - €10.92

CEO Compensation Analysis

CEO

Tenure

Compensation