Atea ASA

DB:MKL Stock Report

Market Cap: €1.3b

Atea Management

Management criteria checks 4/4

Atea's CEO is Steinar Sonsteby, appointed in Jan 2014, has a tenure of 10.92 years. total yearly compensation is NOK17.10M, comprised of 32.2% salary and 67.8% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €1.47M. The average tenure of the management team and the board of directors is 10.3 years and 6.6 years respectively.

Key information

Steinar Sonsteby

Chief executive officer

NOK 17.1m

Total compensation

CEO salary percentage32.2%
CEO tenure10.9yrs
CEO ownership0.1%
Management average tenure10.3yrs
Board average tenure6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steinar Sonsteby's remuneration changed compared to Atea's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 771m

Jun 30 2024n/an/a

NOK 761m

Mar 31 2024n/an/a

NOK 817m

Dec 31 2023NOK 17mNOK 6m

NOK 800m

Sep 30 2023n/an/a

NOK 850m

Jun 30 2023n/an/a

NOK 864m

Mar 31 2023n/an/a

NOK 892m

Dec 31 2022NOK 19mNOK 5m

NOK 848m

Sep 30 2022n/an/a

NOK 853m

Jun 30 2022n/an/a

NOK 843m

Mar 31 2022n/an/a

NOK 763m

Dec 31 2021NOK 15mNOK 5m

NOK 760m

Sep 30 2021n/an/a

NOK 740m

Jun 30 2021n/an/a

NOK 703m

Mar 31 2021n/an/a

NOK 712m

Dec 31 2020NOK 14mNOK 4m

NOK 590m

Sep 30 2020n/an/a

NOK 524m

Jun 30 2020n/an/a

NOK 510m

Mar 31 2020n/an/a

NOK 457m

Dec 31 2019NOK 16mNOK 4m

NOK 530m

Sep 30 2019n/an/a

NOK 516m

Jun 30 2019n/an/a

NOK 473m

Mar 31 2019n/an/a

NOK 459m

Dec 31 2018NOK 7mNOK 4m

NOK 467m

Sep 30 2018n/an/a

NOK 528m

Jun 30 2018n/an/a

NOK 561m

Mar 31 2018n/an/a

NOK 561m

Dec 31 2017NOK 25mNOK 4m

NOK 543m

Compensation vs Market: Steinar's total compensation ($USD1.51M) is about average for companies of similar size in the German market ($USD1.58M).

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

CEO

Steinar Sonsteby (62 yo)

10.9yrs

Tenure

NOK 17,100,000

Compensation

Mr. Steinar Sonsteby has been the Chief Executive Officer of Atea ASA since February 2014 and served as its President and Acting Managing Director of Atea Norway AS until March 11, 2016. He is Board Member...

Leadership Team

NamePositionTenureCompensationOwnership
Steinar Sonsteby
Chief Executive Officer10.9yrsNOK 17.10m0.11%
€ 1.5m
Robert Giori
Chief Financial Officer10.3yrsNOK 8.40m0.11%
€ 1.5m
Carl-Johan Hultenheim
Chief Operating Officer13.9yrsNOK 11.08m0.013%
€ 165.9k
Juha Sihvonen
Managing Director of Atea Finland OY (Finland)16.6yrsNOK 8.97m0.00015%
€ 2.0k
Arunas Bartusevicius
Managing Director of Atea Baltic UAB (the Baltics)no dataNOK 4.49m0.15%
€ 2.0m
Kathrine Forsberg
Managing Director of Atea Denmark4.9yrsNOK 7.52m0.00014%
€ 1.8k
Linus Wallin
Managing Director of Atea Sverige AB - Sweden3.9yrsNOK 7.25m0.00013%
€ 1.7k
Ole Saxrud
Managing Director3.3yrsNOK 5.40m0.0015%
€ 19.3k
Ole Fjellestad
Group Chief Accountantno datano datano data
Silje Gabrielsen
CFO of Atea Norwayno datano datano data
Ignas Bartkus
Group Controllerno datano datano data
Christian Stangeland
Director of Business Controlno datano datano data

10.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: MKL's management team is seasoned and experienced (10.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Carl Wollebekk
Director1.7yrsno datano data
Morten Jurs
Independent Director14.7yrsNOK 350.00kno data
Svein-Tore Andersen
Alternate Directorno datano datano data
Truls Berntsen
Employee Elected Directorno dataNOK 33.33k0.00013%
€ 1.7k
Sven Madsen
Independent Chairman of the Board16.7yrsNOK 300.00k0.012%
€ 152.0k
Lisbeth Kvan
Independent Director11.6yrsNOK 300.00kno data
Saloume Djoudat
Independent Director9.7yrsNOK 200.00kno data
Arild Birkelund
Deputy Board Member6.6yrsno datano data
Tiril Fjeld
Deputy Board Member6.6yrsno datano data
Lone Kunøe
Director1.7yrsno data0.56%
€ 7.3m
Marius Hole
Employee Elected Director2.6yrsno data0.000030%
€ 393.5
Nelly Flatland
Employee Elected Director2.6yrsno datano data

6.6yrs

Average Tenure

59yo

Average Age

Experienced Board: MKL's board of directors are considered experienced (6.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 08:16
End of Day Share Price 2024/12/20 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

Atea ASA is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aksel Øverland EngebakkenABG Sundal Collier
Markus BjerkeArctic Securities ASA
Erik HjulströmBeringer Finance AB