SmartCraft Management

Management criteria checks 4/4

SmartCraft's CEO is Gustav Line, appointed in Jan 2018, has a tenure of 6.75 years. total yearly compensation is NOK3.50M, comprised of 72.2% salary and 27.8% bonuses, including company stock and options. directly owns 0.76% of the company’s shares, worth €3.45M. The average tenure of the management team and the board of directors is 4.2 years and 7.6 years respectively.

Key information

Gustav Line

Chief executive officer

NOK 3.5m

Total compensation

CEO salary percentage	72.2%
CEO tenure	6.8yrs
CEO ownership	0.8%
Management average tenure	4.2yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gustav Line's remuneration changed compared to SmartCraft's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	NOK 106m
Mar 31 2024	n/a	n/a	NOK 109m
Dec 31 2023	NOK 4m	NOK 3m	NOK 108m
Sep 30 2023	n/a	n/a	NOK 94m
Jun 30 2023	n/a	n/a	NOK 89m
Mar 31 2023	n/a	n/a	NOK 79m
Dec 31 2022	NOK 3m	NOK 2m	NOK 68m
Sep 30 2022	n/a	n/a	NOK 72m
Jun 30 2022	n/a	n/a	NOK 65m
Mar 31 2022	n/a	n/a	NOK 37m
Dec 31 2021	NOK 3m	NOK 2m	NOK 29m
Sep 30 2021	n/a	n/a	NOK 10m
Jun 30 2021	n/a	n/a	NOK 6m
Mar 31 2021	n/a	n/a	NOK 29m
Dec 31 2020	NOK 2m	NOK 2m	NOK 24m

Compensation vs Market: Gustav's total compensation ($USD328.98K) is below average for companies of similar size in the German market ($USD1.29M).

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

CEO

Gustav Line (58 yo)

6.8yrs

Tenure

NOK 3,504,000

Compensation

Mr. Gustav Line is Chief Executive Officer of SmartCraft AS since 2018. Prior to joining SmartCraft, Mr. Line worked for ten years as the Chief Executive Officer of Compello AS. Mr. Line served as the mana...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gustav Line	Chief Executive Officer	6.8yrs	NOK 3.50m	0.76% NOK 3.5m
Kjartan Bo	Chief Financial Officer	5yrs	NOK 1.95m	0.15% NOK 675.8k
Christian Saleki	Chief Technical Officer	3.3yrs	NOK 1.77m	0.011% NOK 49.1k
Katja Widlund	Chief Marketing Officer	2yrs	NOK 1.56m	0.042% NOK 191.4k

4.2yrs

Average Tenure

49yo

Average Age

Experienced Management: 9YK's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gunnar Haglund	Independent Chairman of the Board	7.6yrs	NOK 400.00k	0.60% NOK 2.7m
Mette Kamsvag	Deputy Chairperson of the Board	less than a year	no data	0.0098% NOK 44.6k
Bernt Ulstein	Independent Board Member	7.6yrs	NOK 185.00k	6.75% NOK 30.6m
Allan Engstrom	Board Member	7.7yrs	no data	no data
Carl Ivarsson	Board Member	7.7yrs	no data	no data
Isabella Alveberg	Independent Director	1.5yrs	no data	0.00034% NOK 1.5k
Eva Hemb	Board Member	less than a year	no data	no data

7.6yrs

Average Tenure

53yo

Average Age

Experienced Board: 9YK's board of directors are considered experienced (7.6 years average tenure).

SmartCraft Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

Insufficient new directors

Insider recently sold €309k worth of stock

Independent Board Member recently bought €814k worth of stock

Insider recently sold €120k worth of stock

Insider recently sold €1.2m worth of stock

Recent updates

Investor sentiment deteriorates as stock falls 16%

Second quarter 2024 earnings released

Now 23% undervalued

Investor sentiment improves as stock rises 15%

Now 21% undervalued

Less than half of directors are independent

Now 23% undervalued

SmartCraft ASA Launches Initiative to Support Tracking and Reduction of CO2 Footprint in Transportation and Construction

SmartCraft ASA Launches Initiative to Support Tracking and Reduction of CO2 Footprint in Transportation and Construction

First quarter 2024 earnings released

SmartCraft ASA (OB:SMCRT) acquired clixifix Limited for a transaction valued at £10.2 million.

Insufficient new directors

Now 20% undervalued after recent price drop

Full year 2023 earnings released: EPS: kr0.64 (vs kr0.40 in FY 2022)

Now 21% undervalued

Insider recently sold €309k worth of stock

Now 22% undervalued

Full year 2023 earnings released: EPS: kr0.68 (vs kr0.40 in FY 2022)

Now 20% undervalued

Now 21% undervalued

SmartCraft ASA to Report Fiscal Year 2023 Final Results on Apr 11, 2024

SmartCraft ASA to Report Q2, 2024 Results on Aug 27, 2024

Third quarter 2023 earnings released: EPS: kr0.15 (vs kr0.12 in 3Q 2022)

New minor risk - Share price stability

SmartCraft ASA (OB:SMCRT) commences an Equity Buyback Plan, under the authorization approved on April 28, 2023.

First quarter 2023 earnings released: EPS: kr0.18 (vs kr0.11 in 1Q 2022)

Full year 2022 earnings released: EPS: kr0.40 (vs kr0.19 in FY 2021)

Investor sentiment improves as stock rises 17%

Now 21% undervalued after recent price drop

Independent Board Member recently bought €814k worth of stock

Investor sentiment improved over the past week

SmartCraft ASA to Report Q1, 2023 Results on May 09, 2023

Investor sentiment deteriorated over the past week

Insider recently sold €120k worth of stock

SmartCraft ASA (OB:SMCRT) commences an Equity Buyback for 8,576,115 shares, representing 5% of its issued share capital, under the authorization approved on November 2, 2022.

Third quarter 2022 earnings released

SmartCraft ASA (OB:SMCRT) acquired Inprog AS for NOK 14.2 million.

Insider recently sold €1.2m worth of stock

Investor sentiment deteriorated over the past week

Insider recently sold €80k worth of stock

Second quarter 2022 earnings released

Full year 2021 earnings released: EPS: kr0.19 (vs kr0.18 in FY 2020)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

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

Now 20% undervalued after recent price drop

Investor sentiment improved over the past week

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age