SP Group Management

Management criteria checks 4/4

SP Group's CEO is Frank Gad, appointed in Nov 2004, has a tenure of 19.58 years. total yearly compensation is DKK5.75M, comprised of 75.2% salary and 24.8% bonuses, including company stock and options. directly owns 1.62% of the company’s shares, worth €6.92M. The average tenure of the management team and the board of directors is 4.1 years and 11.2 years respectively.

Key information

Frank Gad

Chief executive officer

DKK 5.8m

Total compensation

CEO salary percentage	75.2%
CEO tenure	19.6yrs
CEO ownership	1.6%
Management average tenure	4.1yrs
Board average tenure	11.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frank Gad's remuneration changed compared to SP Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	DKK 171m
Dec 31 2023	DKK 6m	DKK 4m	DKK 159m
Sep 30 2023	n/a	n/a	DKK 161m
Jun 30 2023	n/a	n/a	DKK 176m
Mar 31 2023	n/a	n/a	DKK 201m
Dec 31 2022	DKK 6m	DKK 4m	DKK 213m
Sep 30 2022	n/a	n/a	DKK 212m
Jun 30 2022	n/a	n/a	DKK 223m
Mar 31 2022	n/a	n/a	DKK 215m
Dec 31 2021	DKK 6m	DKK 4m	DKK 203m
Sep 30 2021	n/a	n/a	DKK 193m
Jun 30 2021	n/a	n/a	DKK 173m
Mar 31 2021	n/a	n/a	DKK 164m
Dec 31 2020	DKK 4m	DKK 4m	DKK 151m
Sep 30 2020	n/a	n/a	DKK 137m
Jun 30 2020	n/a	n/a	DKK 139m
Mar 31 2020	n/a	n/a	DKK 136m
Dec 31 2019	DKK 5m	DKK 4m	DKK 140m
Sep 30 2019	n/a	n/a	DKK 157m
Jun 30 2019	n/a	n/a	DKK 163m
Mar 31 2019	n/a	n/a	DKK 164m
Dec 31 2018	DKK 5m	DKK 4m	DKK 160m
Sep 30 2018	n/a	n/a	DKK 140m
Jun 30 2018	n/a	n/a	DKK 135m
Mar 31 2018	n/a	n/a	DKK 133m
Dec 31 2017	DKK 5m	DKK 4m	DKK 132m

Compensation vs Market: Frank's total compensation ($USD823.42K) is about average for companies of similar size in the German market ($USD1.07M).

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

CEO

Frank Gad (64 yo)

19.6yrs

Tenure

DKK 5,750,000

Compensation

Mr. Frank Gad has been the Chief Executive Officer for SP Group A/S since November 2004 and serves as its Member of Executive Board. Mr. Gad was Chief Executive Officer of SP Moulding A/S until June 2019....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank Gad	CEO & Member of Executive Board	19.6yrs	DKK 5.75m	1.62% DKK 6.9m
Lars Bering	Executive VP & Member of Executive Board	4.1yrs	DKK 3.44m	0.18% DKK 781.8k
Soren Ulstrup	Executive VP & Member of Executive Board	4.1yrs	DKK 3.50m	1.63% DKK 7.0m
Tilde Kejlhof	CFO & Member of Executive Board	4.1yrs	no data	0.054% DKK 229.6k
Anna Szymczak	Chief Finance Officer of SP Group's Polish Companies	4.8yrs	no data	no data
Anders Hansen	Group Chief Accountant	no data	no data	no data
Susie-Ann Spiegelhauer	Chief Executive Officer of Accoat A/S	4.9yrs	no data	no data
Lotte Andersen	ESG Manager	2.8yrs	no data	no data
Markus Oilshin	Chief Executive Officer of Jollmax Coating Oy	less than a year	no data	no data
Jan Sørensen	Managing Director of SP Group’s Chinese companies	no data	no data	no data
Claus Lendal	CEO & MD of Ergomat A/S	6.4yrs	no data	no data
Jens Møller	MD & CEO of Kodan Plast s.r.o. - Slovakia	no data	no data	no data

4.1yrs

Average Tenure

53yo

Average Age

Experienced Management: 1PU2's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Erik Holm	Deputy Chairman	27.4yrs	DKK 350.00k	0.67% DKK 2.9m
Bente Overgaard	Independent Director	7.2yrs	DKK 300.00k	0.066% DKK 284.0k
Hans Schur	Chairman	25.4yrs	DKK 600.00k	no data
Hans-Henrik Eriksen	Independent Director	11.2yrs	DKK 350.00k	0.18% DKK 769.5k
Marie Lund	Director	1.2yrs	DKK 200.00k	no data

11.2yrs

Average Tenure

64yo

Average Age

Experienced Board: 1PU2's board of directors are seasoned and experienced ( 11.2 years average tenure).

SP Group Management

Management criteria checks 4/4

Key information

Recent management updates

CEO & Member of Executive Board recently bought €118k worth of stock

CEO & Member of Executive Board recently bought €130k worth of stock

Deputy Chairman recently bought €121k worth of stock

Less than half of directors are independent

Deputy Chairman recently bought €70k worth of stock

Less than half of directors are independent

Recent updates

Now 20% undervalued

New minor risk - Financial position

First quarter 2024 earnings released: EPS: kr.5.47 (vs kr.4.42 in 1Q 2023)

SP Group A/S Grants Dividend

Upcoming dividend of kr.3.00 per share

CEO & Member of Executive Board recently bought €118k worth of stock

Dividend of kr.3.00 announced

Investor sentiment improves as stock rises 17%

Full year 2023 earnings released: EPS: kr.13.04 (vs kr.17.49 in FY 2022)

SP Group A/S to Report Fiscal Year 2023 Results on Mar 21, 2024

SP Group A/S to Report Q1, 2024 Results on May 27, 2024

CEO & Member of Executive Board recently bought €130k worth of stock

Third quarter 2023 earnings released: EPS: kr.1.98 (vs kr.3.16 in 3Q 2022)

Deputy Chairman recently bought €121k worth of stock

Less than half of directors are independent

Deputy Chairman recently bought €70k worth of stock

Less than half of directors are independent

SP Group A/S Revises Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: EPS: kr.2.50 (vs kr.4.60 in 2Q 2022)

First quarter 2023 earnings released: EPS: kr.4.42 (vs kr.5.37 in 1Q 2022)

Upcoming dividend of kr.3.00 per share at 1.0% yield

CEO & Member of Executive Board recently bought €192k worth of stock

Full year 2022 earnings released: EPS: kr.17.49 (vs kr.16.63 in FY 2021)

Insufficient new directors

Insufficient new directors

SP Group A/S, Annual General Meeting, Apr 27, 2023

Insufficient new directors

SP Group A/S Provides Earnings Guidance for the Fiscal Year 2022

Insufficient new directors

Second quarter 2022 earnings released: EPS: kr.4.58 (vs kr.3.96 in 2Q 2021)

Insufficient new directors

Sp Group A/S Provides Earnings Guidance for the Fiscal Year 2022

First quarter 2022 earnings released: EPS: kr.5.37 (vs kr.4.36 in 1Q 2021)

Sp Group A/S Provides Earnings Guidance for the Fiscal Year 2022

Insufficient new directors

SP Group A/S Approves Dividend

Upcoming dividend of kr.3.00 per share

SP Group A/S Proposes Dividends for the Financial Year 2021

Full year 2021 earnings released: EPS: kr.16.63 (vs kr.12.85 in FY 2020)

Third quarter 2021 earnings released: EPS kr.4.06 (vs kr.2.49 in 3Q 2020)

SP Group A/S Revises Earnings Guidance for the Year 2021

Second quarter 2021 earnings released: EPS kr.3.93 (vs kr.3.57 in 2Q 2020)

First quarter 2021 earnings released: EPS kr.4.36

SP Group A/S Provides Earnings Guidance for the Year 2021

SP Group A/S Approves Dividend

Full year 2020 earnings released

New 90-day high: €45.50

New 90-day high: €40.40

Investor sentiment improved over the past week

New 90-day high: €33.40

SP Group A/S to Report First Half, 2021 Results on Aug 26, 2021

Revenue beats expectations

Third quarter 2020 earnings released: EPS kr.2.35

New 90-day high: €32.70

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age