P/F Bakkafrost Management

Management criteria checks 2/4

P/F Bakkafrost's CEO is Reja Jacobsen, appointed in Jan 1989, has a tenure of 35.25 years. directly owns 7.84% of the company’s shares, worth €260.49M. The average tenure of the management team and the board of directors is 11.3 years and 9.5 years respectively.

Key information

Reja Jacobsen

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	35.3yrs
CEO ownership	7.8%
Management average tenure	11.3yrs
Board average tenure	9.5yrs

Recent management updates

Recent updates

CEO

Reja Jacobsen (57 yo)

35.3yrs

Tenure

Mr. Johan Regin Jacobsen, also known as Reja, has been the Chief Executive Officer of P/F Bakkafrost since 1989. From 1982 to 1988, Mr. Jacobsen served as an Accounting Manager of the former P/f Bakkafrost...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Annika Frederiksberg	Sales Manager & Director	no data	kr.222.00k	0.029% DKK 946.7k
Johan Jacobsen	Chief Executive Officer	35.3yrs	no data	7.84% DKK 260.5m
Hogni Jakobsen	Chief Financial Officer	5yrs	no data	0.13% DKK 4.3m
Símun Jacobsen	Senior Sales Manager	11.3yrs	no data	no data
Heini Kristiansen	Group Human Resource Manager	5.4yrs	no data	no data
Odd Eliasen	Managing Director of Havsbrún P/F	12.3yrs	no data	0.32% DKK 10.5m

11.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 6BF's management team is seasoned and experienced (11.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Annika Frederiksberg	Sales Manager & Director	16.2yrs	kr.222.00k	0.029% DKK 946.7k
Einar Wathne	Independent Director	5.3yrs	kr.260.00k	no data
Teitur Samuelsen	Independent Director	8yrs	kr.282.00k	0.00017% DKK 5.6k
Runi Hansen	Independent Chairman of the Board	14.3yrs	kr.489.00k	0.018% DKK 603.9k
Oystein Sandvik	Independent Director	11yrs	kr.310.00k	no data
Gudrid Hojgaard	Independent Director	1.9yrs	kr.222.00k	no data

9.5yrs

Average Tenure

54yo

Average Age

Experienced Board: 6BF's board of directors are considered experienced (9.5 years average tenure).

P/F Bakkafrost Management

Management criteria checks 2/4

Key information

Recent management updates

Chief Executive Officer recently bought €929k worth of stock

Insufficient new directors

Insufficient new directors

Bakkafrost Appoints Ian Laister as New Managing Director in Scotland, Effective from March 01, 2021

Recent updates

Upcoming dividend of kr13.26 per share

P/F Bakkafrost to Report Fiscal Year 2023 Results on Apr 22, 2024

Full year 2023 earnings released: EPS: kr.16.15 (vs kr.22.76 in FY 2022)

Dividend of kr13.26 announced

Full year 2023 earnings released: EPS: kr.16.15 (vs kr.22.76 in FY 2022)

P/F Bakkafrost Proposes Cash Dividend, Payable on or Around 21 May 2024

P/F Bakkafrost Proposes Cash Dividend, Payable on or Around 21 May 2024

Third quarter 2023 earnings released: EPS: kr.3.70 (vs kr.4.22 in 3Q 2022)

P/F Bakkafrost to Report Q1, 2024 Results on May 06, 2024

P/F Bakkafrost to Report Q4, 2023 Results on Feb 20, 2024

Chief Executive Officer recently bought €929k worth of stock

New major risk - Dividend sustainability

First quarter 2023 earnings released

Upcoming dividend of kr.10.00 per share at 2.1% yield

Full year 2022 earnings released: EPS: kr.22.75 (vs kr.16.32 in FY 2021)

Third quarter 2022 earnings released: EPS: kr.4.21 (vs kr.2.22 in 3Q 2021)

P/F Bakkafrost to Report Q4, 2022 Results on Feb 21, 2023

P/F Bakkafrost to Report Fiscal Year 2022 Results on Mar 31, 2023

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

P/F Bakkafrost (OB:BAKKA) agreed to acquire P/F Faroe Seafood.

Second quarter 2022 earnings released: EPS: kr.14.32 (vs kr.7.25 in 2Q 2021)

P/F Bakkafrost(OB:BAKKA) dropped from Oslo OBX Total Return Index

P/F Bakkafrost Announces Dividend of DKK 5.15 Per Share for 2021

First quarter 2022 earnings released

Insufficient new directors

Full year 2021 earnings released: EPS: kr.16.32 (vs kr.7.83 in FY 2020)

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

P/F Bakkafrost Proposes Dividend, Payable on or Around May 20, 2022

Insufficient new directors

P/F Bakkafrost (OB:BAKKA) and Michael Karlsen agreed to acquire Munkebo Seafood A/S from Paul Lybech.

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS kr.7.25 (vs kr.7.98 in 2Q 2020)

First quarter 2021 earnings released: EPS kr.6.90 (vs kr.2.50 loss in 1Q 2020)

P/F Bakkafrost Provides Production Guidance for the Year 2021

Upcoming dividend of kr.3.65 per share

Full year 2020 earnings released: EPS kr.7.83 (vs kr.15.70 in FY 2019)

Revenue misses expectations

Full year 2020 earnings released: EPS kr.7.83 (vs kr.15.70 in FY 2019)

Revenue misses expectations

Bakkafrost Appoints Ian Laister as New Managing Director in Scotland, Effective from March 01, 2021

New 90-day high: €63.70

New 90-day high: €61.85

P/F Bakkafrost to Report Q4, 2020 Results on Feb 23, 2021

Revenue misses expectations

Third quarter 2020 earnings released: EPS kr.2.99

New 90-day low: €48.88

P/F Bakkafrost to Report Fiscal Year 2020 Results on Mar 10, 2021

P/F Bakkafrost to Report Q3, 2020 Results on Nov 10, 2020

New 90-day high: €56.55

First half earnings released

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age