Eidesvik Offshore ASA

MUN:E1V Stock Report

Market Cap: €84.1m

Eidesvik Offshore Management

Management criteria checks 2/4

Eidesvik Offshore's CEO is Helga Cotgrove, appointed in Sep 2024, has a tenure of less than a year. total yearly compensation is NOK2.78M, comprised of 67% salary and 33% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth €6.68K. The average tenure of the management team and the board of directors is 2.3 years and 2 years respectively.

Key information

Helga Cotgrove

Chief executive officer

NOK 2.8m

Total compensation

CEO salary percentage67.0%
CEO tenureless than a year
CEO ownership0.008%
Management average tenure2.3yrs
Board average tenure2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Helga Cotgrove's remuneration changed compared to Eidesvik Offshore's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 157m

Jun 30 2024n/an/a

NOK 169m

Mar 31 2024n/an/a

NOK 548m

Dec 31 2023NOK 3mNOK 2m

NOK 515m

Sep 30 2023n/an/a

NOK 687m

Jun 30 2023n/an/a

NOK 819m

Mar 31 2023n/an/a

NOK 335m

Dec 31 2022NOK 786kNOK 519k

NOK 346m

Compensation vs Market: Helga's total compensation ($USD245.00K) is below average for companies of similar size in the German market ($USD468.18K).

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

CEO

Helga Cotgrove

less than a year

Tenure

NOK 2,782,000

Compensation

Ms. Helga Cotgrove is Chief Executive Officer of Eidesvik Offshore ASA from November 28, 2024 and served as its Interim Chief Executive Officer from September 18, 2024 to November 28, 2024. She also served...

Leadership Team

NamePositionTenureCompensationOwnership
Helga Cotgrove
Chief Executive Officerless than a yearNOK 2.78m0.0080%
€ 6.7k
Arve Nilsen
Chief Operating Officer2.7yrsNOK 2.34mno data
Petter Lonning
Chief Engineerno dataNOK 38.00kno data
Lars Engelsen
Chief Financial Officer2.3yrsno datano data
Sverre Horgen
Chief Technology Officerno datano datano data
Erling Lodden
Vice President of Human Recourcesno dataNOK 1.64mno data

2.3yrs

Average Tenure

Experienced Management: E1V's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Arne Austreid
Independent Chairman3.6yrsNOK 555.00kno data
Annicken Kildahl
Independent Directorno datano datano data
Bjorg Eknes
Independent Director3.6yrsNOK 318.00k0.034%
€ 28.8k
Lauritz Eidesvik
Deputy Chairman of the Board6.6yrsNOK 285.00k0.00027%
€ 227.0
Borre Lindanger
Employee Representative Directorless than a yearNOK 113.00kno data
Tore Hettervik
Substitute Employee Representative Directorless than a yearNOK 74.00kno data
Kjetil Eidesvik
Directorless than a yearno datano data

2.0yrs

Average Tenure

56yo

Average Age

Experienced Board: E1V's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 19:55
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Eidesvik Offshore ASA is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Marius GaardCarnegie Investment Bank AB
Iver BatvikDanske Bank
Martin KarlsenDNB Markets