Kongsberg Gruppen Management

Management criteria checks 3/4

Kongsberg Gruppen's CEO is Geir Haoy, appointed in Jun 2016, has a tenure of 7.83 years. total yearly compensation is NOK11.55M, comprised of 55.8% salary and 44.2% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth €3.13M. The average tenure of the management team and the board of directors is 2.9 years and 2.9 years respectively.

Key information

Geir Haoy

Chief executive officer

kr11.5m

Total compensation

CEO salary percentage	55.8%
CEO tenure	7.8yrs
CEO ownership	0.03%
Management average tenure	2.9yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Geir Haoy's remuneration changed compared to Kongsberg Gruppen's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	kr4b
Sep 30 2023	n/a	n/a	kr4b
Jun 30 2023	n/a	n/a	kr3b
Mar 31 2023	n/a	n/a	kr3b
Dec 31 2022	kr12m	kr6m	kr3b
Sep 30 2022	n/a	n/a	kr2b
Jun 30 2022	n/a	n/a	kr2b
Mar 31 2022	n/a	n/a	kr2b
Dec 31 2021	kr11m	kr6m	kr2b
Sep 30 2021	n/a	n/a	kr2b
Jun 30 2021	n/a	n/a	kr2b
Mar 31 2021	n/a	n/a	kr2b
Dec 31 2020	kr11m	kr6m	kr1b
Sep 30 2020	n/a	n/a	kr1b
Jun 30 2020	n/a	n/a	kr850m
Mar 31 2020	n/a	n/a	kr625m
Dec 31 2019	kr10m	kr6m	kr580m
Sep 30 2019	n/a	n/a	kr588m
Jun 30 2019	n/a	n/a	kr676m
Mar 31 2019	n/a	n/a	kr728m
Dec 31 2018	kr9m	kr5m	kr701m
Sep 30 2018	n/a	n/a	kr626m
Jun 30 2018	n/a	n/a	kr550m
Mar 31 2018	n/a	n/a	kr522m
Dec 31 2017	kr8m	kr5m	kr554m

Compensation vs Market: Geir's total compensation ($USD1.05M) is below average for companies of similar size in the German market ($USD5.58M).

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

CEO

Geir Haoy (57 yo)

7.8yrs

Tenure

kr11,546,000

Compensation

Mr. Geir Håøy has been the Chief Executive Officer and President of Kongsberg Gruppen ASA since June, 2016. Mr. Håøy Joined Kongsberg Gruppen ASA in June 1993. He has been the Chief Executive Officer of K...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Geir Haoy	President & CEO	7.8yrs	kr11.55m	0.028% NOK 3.1m
Christian Karde	Group Executive VP	3.6yrs	kr4.21m	0.0029% NOK 330.3k
Iver Olerud	Group Executive Vice President of Corporate Development	less than a year	kr4.53m	0.0050% NOK 568.3k
Eirik Lie	Executive VP of Kongsberg and President of Kongsberg Defense & Aerospace	7.7yrs	kr6.49m	0.010% NOK 1.2m
Even Aas	Group Executive Vice President of Public Affairs	no data	kr4.63m	0.018% NOK 2.1m
Lisa Haugan	Executive VP of Kongsberg & President of Kongsberg Maritime	2.3yrs	kr3.94m	0.0051% NOK 578.6k
Mette Bjorgen	CFO & Group Executive VP	less than a year	no data	no data
Kristin Barkost	Vice President of Accounting	14.3yrs	no data	no data
Jan Erik Hoff	Group Vice President of Investor Relations	no data	no data	no data
Ronny Lie	Chief Communication Officer	no data	no data	no data
Martin Fjell	Executive VP of Kongsberg & President of Kongsberg Discovery	1.3yrs	no data	0.0038% NOK 430.5k

2.9yrs

Average Tenure

56yo

Average Age

Experienced Management: KOZ's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eivind Reiten	Independent Chairman	7yrs	kr657.30k	0.0022% NOK 249.4k
Per Sørlie	Director	4.9yrs	kr397.67k	0.0019% NOK 219.8k
Kristin Faerovik	Director	less than a year	no data	no data
Morten Henriksen	Independent Director	10.9yrs	kr421.67k	0.0028% NOK 321.2k
Ole Svarva	Deputy Director	no data	no data	no data
Merete Hverven	Director	2.9yrs	kr287.33k	no data
Jo Bjerknes	Employee Representative Director	2.9yrs	kr287.33k	0.00010% NOK 11.4k
Rune Fanoy	Employee Representative Director	2.9yrs	kr336.93k	0.00012% NOK 13.7k
Oda Ellingsen	Employee Representative Director	2.9yrs	kr397.67k	0.00087% NOK 99.1k
Kjersti Rod	Director	less than a year	kr63.93k	0.0012% NOK 137.8k
Ivar-Andre Ihle	Deputy Member of the Board	no data	kr12.70k	0.00060% NOK 68.3k

2.9yrs

Average Tenure

55yo

Average Age

Experienced Board: KOZ's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Kongsberg Gruppen Management

Management criteria checks 3/4

Key information

Recent management updates

Kongsberg Gruppen ASA Elects Kjersti Rød to the Board

Insider recently bought €310k worth of stock

Less than half of directors are independent

Kongsberg Gruppen ASA, Annual General Meeting, May 11, 2023

Independent Chairman recently bought €31k worth of stock

Independent Director recently bought €64k worth of stock

Recent updates

Full year 2023 earnings released: EPS: kr21.08 (vs kr15.63 in FY 2022)

Dividend of kr7.00 announced

Investor sentiment improves as stock rises 20%

Full year 2023 earnings released: EPS: kr21.08 (vs kr15.64 in FY 2022)

Kongsberg Gruppen ASA Announces Special Dividend, Payable on 23 October 2024

Third quarter 2023 earnings released: EPS: kr5.93 (vs kr4.97 in 3Q 2022)

New major risk - Earnings quality

Kongsberg Gruppen ASA to Report Fiscal Year 2023 Final Results on Mar 21, 2024

Now 23% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: kr4.38 (vs kr2.98 in 2Q 2022)

Now 21% undervalued

Kongsberg Gruppen ASA Elects Kjersti Rød to the Board

Now 20% undervalued

Kongsberg Gruppen Announces Special Dividend

Upcoming dividend of kr12.00 per share at 2.5% yield

Full year 2022 earnings released: EPS: kr15.64 (vs kr12.06 in FY 2021)

Insider recently bought €310k worth of stock

Full year 2022 earnings released: EPS: kr15.64 (vs kr12.12 in FY 2021)

Kongsberg Gruppen ASA Reports Impairment Changes for the Fourth Quarter Ended December 31, 2022

Less than half of directors are independent

Kongsberg Gruppen ASA, Annual General Meeting, May 11, 2023

Kongsberg Gruppen ASA to Report Q2, 2023 Results on Jul 12, 2023

Kongsberg Gruppen ASA Reports Impairment Charges for the Quarter Ended June 30, 2022

Kongsberg Gruppen ASA (OB:KOG) agreed to acquire 77% stake in NanoAvionika, LLC from AST SpaceMobile, Inc. (NasdaqGS:ASTS) and others for enterprise value €65 million.

Independent Chairman recently bought €31k worth of stock

Kongsberg Provides Revenue Guidance for the Year 2022

Independent Director recently bought €64k worth of stock

Kongsberg Gruppen ASA (OB:KOG) commences an Equity Buyback Plan under the authorization approved on May 11, 2022.

President & CEO recently bought €25k worth of stock

First quarter 2022 earnings released: EPS: kr2.13 (vs kr2.26 in 1Q 2021)

Investor sentiment deteriorated over the past week

Upcoming dividend of kr15.30 per share

Now 21% undervalued

Less than half of directors are independent

Full year 2021 earnings released: EPS: kr12.06 (vs kr8.01 in FY 2020)

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Kongsberg Gruppen ASA Announces Special Cash Dividend, Payable 27 May 2022

Kongsberg Gruppen ASA Proposes Dividend

Kongsberg Gruppen ASA (OB:KOG) announces an Equity Buyback.

Second quarter 2021 earnings released: EPS kr2.95 (vs kr1.47 in 2Q 2020)

Employee Representative Director has left the company

Independent Director has left the company

Employee Representative Director has left the company

Employee Representative Director has left the company

Kongsberg Gruppen ASA Approves Dividend for 2020

Upcoming dividend of kr8.00 per share

Full year 2020 earnings released: EPS kr8.01 (vs kr3.89 in FY 2019)

President & CEO recently bought €85k worth of stock

Full year 2020 earnings released: EPS kr8.01 (vs kr3.89 in FY 2019)

Revenue misses expectations

Kongsberg Gruppen ASA Wins Contract of Approx. NOK 266 million

New 90-day high: €17.68

Kongsberg Gruppen ASA to Report Fiscal Year 2020 Final Results on Mar 26, 2021

New 90-day high: €16.24

Group EVP recently bought €5.2k worth of stock

Group EVP recently bought €5.2k worth of stock

Director recently bought €32k worth of stock

New 90-day high: €16.20

Director recently bought €344k worth of stock

Kongsberg Maritime Signs NOK 200 Million Contract to Supply Propeller Systems for Five F110 Frigates

New 90-day high: €15.50

Revenue misses expectations

Revenue misses expectations

Third quarter 2020 earnings released: EPS kr2.35

New 90-day high: €13.74

New 90-day high: €13.48

Kongsberg Maritime to Deliver Integrated Propulsion and Manoeuvring Systems for Two Ropax Vessels

Kongsberg Wins Contract for Mobile Communication Satellite