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ECIT Management

Management criteria checks 2/4

ECIT's CEO is PL Lauring, appointed in May 2013, has a tenure of 11.42 years. directly owns 9.15% of the company’s shares, worth €34.69M. The average tenure of the management team and the board of directors is 2.8 years and 4.9 years respectively.

Key information

PL Lauring

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	11.4yrs
CEO ownership	9.2%
Management average tenure	2.8yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO

PL Lauring (65 yo)

11.4yrs

Tenure

Mr. Peter Lauring, also known as PL, is Founder at ECIT AS since 2013 and has been its Chief Executive Officer and until April 2022 and is its Member of Executive Board and served as Director since May 201...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Lauring	Founder	11.4yrs	no data	9.15% € 34.7m
Mads Skovgaard	Chief Financial Officer	no data	no data	0.12% € 457.9k
Halvor Aspaas	Executive Vice President of Tech Division & Consulting Division	no data	no data	1.04% € 3.9m
Lise Molund	Group Legal	no data	no data	no data
Jes Schjotler	Executive Vice President of Compliance	less than a year	no data	no data
Camilla Hagberg	Group HR & Partner of Cross Mgmt.	2.8yrs	no data	no data
Mikkel Walde	Executive Vice President of IT Division	no data	no data	3.66% € 13.9m
Klaus Jensen	Executive VP of F&A Division and Director	no data	no data	6.42% € 24.4m
Nicolaj Johansen	MD of ECIT Services DK & Partner of Cross Mgmt.	no data	no data	no data
Eivind Norebo	MD of tech Div.	7.3yrs	no data	no data
Linda Forberg	MD of F&A Norway	2.8yrs	no data	0.23% € 880.4k
Knut Opstad	MD of ECIT Norian & Partner of Cross Mgmt.	2.8yrs	no data	no data

2.8yrs

Average Tenure

53yo

Average Age

Experienced Management: 3CZ's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Klaus Jensen	Executive VP of F&A Division and Director	8.1yrs	no data	6.42% € 24.4m
Eivind Norebo	MD of tech Div.	7.3yrs	no data	no data
Linda Forberg	MD of F&A Norway	2.5yrs	no data	0.23% € 880.4k
Thomas Plenborg	Chairman	2.5yrs	no data	0.45% € 1.7m
Christian Bjørnstad	Board Observer	2.5yrs	no data	0.081% € 305.3k
Pedro Fasting	Independent Deputy Chairman of the Board	11.4yrs	no data	0.16% € 612.3k
Cato Holmsen	Director	7.6yrs	no data	0.67% € 2.5m
Espen Karlsen	Director	2.5yrs	no data	5.37% € 20.4m

4.9yrs

Average Tenure

53yo

Average Age

Experienced Board: 3CZ's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/10/17 22:49
End of Day Share Price	2024/07/31 00:00
Earnings	2024/03/31
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

ECIT AS is covered by 0 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.

Analyst	Institution

This company listing is no longer active

ECIT Management

Management criteria checks 2/4

Key information

Recent management updates

ECIT AS Announces Board Appointments

ECIT AS, Annual General Meeting, Mar 21, 2024

Less than half of directors are independent

Chairman recently bought €851k worth of stock

Less than half of directors are independent

Less than half of directors are independent

Recent updates

ECIT AS Announces Board Appointments

TowerBrook Capital Partners (U.K.) LLP completed the acquisition of ECIT AS (OB:ECIT) from a group of shareholders.

TowerBrook Capital Partners (U.K.) LLP announces an agreement for a recommended voluntary offer to acquire ECIT AS (OB:ECIT) from a group of shareholders for NOK 4.2 billion.

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

First quarter 2024 earnings released: EPS: kr0.04 (vs kr0.064 in 1Q 2023)

ECIT AS (OB:ECIT) acquired 75% stake in Företagsbyrån I Luleå Ab.

Upcoming dividend of kr0.06 per share

Dividend of kr0.06 announced

Full year 2023 earnings released

ECIT AS Proposes Ordinary Dividend for the Fiscal Year 2023, Payable on or About April 8, 2024

New minor risk - Shareholder dilution

Third quarter 2023 earnings released: EPS: kr0.04 (vs kr0.056 in 3Q 2022)

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% stake in Evercom AS.

ECIT AS, Annual General Meeting, Mar 21, 2024

ECIT AS (OB:ECIT) acquired 55.37% stake in Kreatif As.

ECIT AS (OB:ECIT) acquired 50.1% stake in Kovert AS.

ECIT AS (OB:ECIT) acquired 43.11% stake in ESG Trackr AS.

ECIT AS (OB:ECIT) acquired 96.016% stake in Dataplan As.

Less than half of directors are independent

Chairman recently bought €851k worth of stock

Now 26% undervalued after recent price drop

Upcoming dividend of kr0.04 per share at 0.6% yield

Full year 2022 earnings released

Less than half of directors are independent

Less than half of directors are independent

ECIT AS (OB:ECIT) acquired 60% of Progresso Invest AS.

ECIT AS to Report Q3, 2023 Results on Nov 09, 2023

Third quarter 2022 earnings released: EPS: kr0.056 (vs kr0.032 in 3Q 2021)

Less than half of directors are independent

ECIT AS (OB:ECIT) completed the acquisition of 50.1% stake in Intunor Services As.

Now 20% undervalued after recent price drop

ECIT AS (OB:ECIT) acquired 90% stake in Argus Kreditt As.

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% of Intunor Services As.

Less than half of directors are independent

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% of Intunor Services As.

ECIT AS (OB:ECIT) commences an Equity Buyback Plan, under the authorization granted on April 8, 2022.

ECIT AS (OB:ECIT) commences an Equity Buyback Plan, under the authorization granted on April 8, 2022.

Second quarter 2022 earnings released: EPS: kr0.049 (vs kr0.01 in 2Q 2021)

Insider recently bought €59k worth of stock

ECIT AS (OB:ECIT) acquired 50.1% stake in Auto-Flow Aps.

ECIT AS (OB:ECIT) acquired Tandem Regnskap AS.

ECIT AS announced that it expects to receive NOK 4.514312 million in funding

First quarter 2022 earnings released

Less than half of directors are independent

ECIT AS Announces Executive Changes

Investor sentiment improved over the past week

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources