FLSmidth Management
Management criteria checks 2/4
FLSmidth's CEO is Mikko Keto, appointed in Jan 2022, has a tenure of 2.92 years. total yearly compensation is DKK23.54M, comprised of 33.3% salary and 66.7% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth €423.60K. The average tenure of the management team and the board of directors is 3.6 years and 3.9 years respectively.
Key information
Mikko Keto
Chief executive officer
DKK 23.5m
Total compensation
| CEO salary percentage | 33.3% |
| CEO tenure | 2.9yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3.6yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | DKK 837m |
| Jun 30 2024 | n/a | n/a | DKK 826m |
| Mar 31 2024 | n/a | n/a | DKK 767m |
| Dec 31 2023 | DKK 24m | DKK 8m | DKK 678m |
| Sep 30 2023 | n/a | n/a | DKK 426m |
| Jun 30 2023 | n/a | n/a | DKK 321m |
| Mar 31 2023 | n/a | n/a | DKK 344m |
| Dec 31 2022 | DKK 16m | DKK 8m | DKK 369m |
Compensation vs Market: Mikko's total compensation ($USD3.28M) is above average for companies of similar size in the German market ($USD1.93M).
Compensation vs Earnings: Mikko's compensation has increased by more than 20% in the past year.
CEO
Mikko Keto (57 yo)
2.9yrs
Tenure
DKK 23,544,000
Compensation
Mr. Mikko Keto served as President of Mining Industry at FLSmidth & Co. A/S since January 2021 until January 1, 2022 and serves as Group Chief Executive Officer since January 1, 2022. Mr. Keto has been emp...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 2.9yrs | DKK 23.54m | 0.016% € 423.6k | |
| Group Chief Financial Officer | 4.4yrs | DKK 14.67m | 0.040% € 1.1m | |
| COO & Chief Digital Officer | 1.3yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group Legal Counsel | 11.9yrs | DKK 1.29m | 0.0045% € 121.4k | |
| Chief People & Sustainability Officer | 6.7yrs | no data | 0.0016% € 43.9k | |
| President | no data | no data | no data | |
| President of Pumps | less than a year | no data | no data | |
| President of Region South America | 4.9yrs | no data | no data | |
| President of Region Australia | 4.3yrs | no data | no data | |
| President of Region North America | 2.8yrs | no data | no data | |
| President of Mining & Service Business Line | 2.9yrs | no data | no data |
3.6yrs
Average Tenure
55yo
Average Age
Experienced Management: F6O1's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 12.8yrs | DKK 1.40m | 0.088% € 2.4m | |
| Independent Director | 5.8yrs | DKK 977.00k | 0.0018% € 47.7k | |
| Independent Vice Chairman | 2.8yrs | DKK 900.00k | 0.0022% € 58.3k | |
| Director | less than a year | no data | no data | |
| Independent Director | 1.8yrs | DKK 619.00k | no data | |
| Independent Director | 7.8yrs | DKK 675.00k | 0.0035% € 95.4k | |
| Employee-Elected Member | 8.9yrs | DKK 450.00k | 0.00075% € 20.3k | |
| Employee-Elected Member | 3.9yrs | DKK 450.00k | 0.00023% € 6.2k | |
| Employee-Elected Member | 3.9yrs | DKK 575.00k | 0.000090% € 2.4k |
3.9yrs
Average Tenure
61yo
Average Age
Experienced Board: F6O1's board of directors are considered experienced (3.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 19:55 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
FLSmidth & Co. A/S is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Carlsen | ABG Sundal Collier |
| Xin Wang | Barclays |
| Ling Zhang | BNP Paribas Exane |