Atea Management

Management criteria checks 4/4

Atea's CEO is Steinar Sonsteby, appointed in Jan 2014, has a tenure of 10.83 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 €1.45M. The average tenure of the management team and the board of directors is 10.3 years and 6.5 years respectively.

Key information

Steinar Sonsteby

Chief executive officer

NOK 17.1m

Total compensation

CEO salary percentage	32.2%
CEO tenure	10.8yrs
CEO ownership	0.1%
Management average tenure	10.3yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steinar Sonsteby's remuneration changed compared to Atea's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 771m
Jun 30 2024	n/a	n/a	NOK 761m
Mar 31 2024	n/a	n/a	NOK 817m
Dec 31 2023	NOK 17m	NOK 6m	NOK 800m
Sep 30 2023	n/a	n/a	NOK 850m
Jun 30 2023	n/a	n/a	NOK 864m
Mar 31 2023	n/a	n/a	NOK 892m
Dec 31 2022	NOK 19m	NOK 5m	NOK 848m
Sep 30 2022	n/a	n/a	NOK 853m
Jun 30 2022	n/a	n/a	NOK 843m
Mar 31 2022	n/a	n/a	NOK 763m
Dec 31 2021	NOK 15m	NOK 5m	NOK 760m
Sep 30 2021	n/a	n/a	NOK 740m
Jun 30 2021	n/a	n/a	NOK 703m
Mar 31 2021	n/a	n/a	NOK 712m
Dec 31 2020	NOK 14m	NOK 4m	NOK 590m
Sep 30 2020	n/a	n/a	NOK 524m
Jun 30 2020	n/a	n/a	NOK 510m
Mar 31 2020	n/a	n/a	NOK 457m
Dec 31 2019	NOK 16m	NOK 4m	NOK 530m
Sep 30 2019	n/a	n/a	NOK 516m
Jun 30 2019	n/a	n/a	NOK 473m
Mar 31 2019	n/a	n/a	NOK 459m
Dec 31 2018	NOK 7m	NOK 4m	NOK 467m
Sep 30 2018	n/a	n/a	NOK 528m
Jun 30 2018	n/a	n/a	NOK 561m
Mar 31 2018	n/a	n/a	NOK 561m
Dec 31 2017	NOK 25m	NOK 4m	NOK 543m

Compensation vs Market: Steinar's total compensation ($USD1.54M) is about average for companies of similar size in the German market ($USD1.64M).

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

CEO

Steinar Sonsteby (62 yo)

10.8yrs

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

Name	Position	Tenure	Compensation	Ownership
Steinar Sonsteby	Chief Executive Officer	10.8yrs	NOK 17.10m	0.11% € 1.4m
Robert Giori	Chief Financial Officer	10.3yrs	NOK 8.40m	0.11% € 1.5m
Carl-Johan Hultenheim	Chief Operating Officer	13.8yrs	NOK 11.08m	0.013% € 163.4k
Juha Sihvonen	Managing Director of Atea Finland OY (Finland)	16.5yrs	NOK 8.97m	0.00015% € 1.9k
Arunas Bartusevicius	Managing Director of Atea Baltic UAB (the Baltics)	no data	NOK 4.49m	0.15% € 2.0m
Kathrine Forsberg	Managing Director of Atea Denmark	4.8yrs	NOK 7.52m	0.00014% € 1.8k
Linus Wallin	Managing Director of Atea Sverige AB - Sweden	3.8yrs	NOK 7.25m	0.00013% € 1.7k
Ole Saxrud	Managing Director	3.2yrs	NOK 5.40m	0.0015% € 19.0k
Ole Fjellestad	Group Chief Accountant	no data	no data	no data
Silje Gabrielsen	CFO of Atea Norway	no data	no data	no data
Ignas Bartkus	Group Controller	no data	no data	no data
Christian Stangeland	Director of Business Control	no data	no data	no 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

Name	Position	Tenure	Compensation	Ownership
Carl Wollebekk	Director	1.6yrs	no data	no data
Morten Jurs	Independent Director	14.6yrs	NOK 350.00k	no data
Svein-Tore Andersen	Alternate Director	no data	no data	no data
Truls Berntsen	Employee Elected Director	no data	NOK 33.33k	0.00013% € 1.7k
Sven Madsen	Independent Chairman of the Board	16.6yrs	NOK 300.00k	0.012% € 149.7k
Lisbeth Kvan	Independent Director	11.5yrs	NOK 300.00k	no data
Saloume Djoudat	Independent Director	9.6yrs	NOK 200.00k	no data
Arild Birkelund	Deputy Board Member	6.5yrs	no data	no data
Tiril Fjeld	Deputy Board Member	6.5yrs	no data	no data
Lone Kunøe	Director	1.6yrs	no data	0.56% € 7.2m
Marius Hole	Employee Elected Director	2.5yrs	no data	0.000030% € 387.6
Nelly Flatland	Employee Elected Director	2.5yrs	no data	no data

6.5yrs

Average Tenure

59yo

Average Age

Experienced Board: MKL's board of directors are considered experienced (6.5 years average tenure).

Atea Management

Management criteria checks 4/4

Key information

Recent management updates

Insider recently bought €242k worth of stock

Less than half of directors are independent

Chief Financial Officer recently sold €87k worth of stock

Independent Chairman of the Board recently bought €850k worth of stock

Independent Chairman of the Board recently bought €1.1m worth of stock

Independent Chairman of the Board recently bought €2.6m worth of stock

Recent updates

Upcoming dividend of kr3.50 per share

Third quarter 2024 earnings released: EPS: kr1.72 (vs kr1.64 in 3Q 2023)

Atea ASA to Report First Half, 2025 Results on Jul 16, 2025

Second quarter 2024 earnings released: EPS: kr1.24 (vs kr1.75 in 2Q 2023)

Dividend of kr3.50 announced

Upcoming dividend of kr3.50 per share

First quarter 2024 earnings released: EPS: kr1.72 (vs kr1.58 in 1Q 2023)

Full year 2023 earnings released: EPS: kr7.21 (vs kr7.64 in FY 2022)

Atea ASA Proposes Cash Dividend with Two Payments, Payable on May 28, 2024 and November 26, 2024

Atea ASA Provides Earnings Guidance for the First Quarter and Full Year 2024

Full year 2023 earnings released: EPS: kr7.22 (vs kr7.64 in FY 2022)

Atea ASA to Report Q4, 2024 Results on Feb 06, 2025

Atea ASA Has Proposes Cash Dividend, Payable on November 28, 2023

Investor sentiment deteriorates as stock falls 16%

Third quarter 2023 earnings released: EPS: kr1.64 (vs kr1.76 in 3Q 2022)

Insider recently bought €242k worth of stock

Second quarter 2023 earnings released: EPS: kr1.75 (vs kr1.99 in 2Q 2022)

Now 21% undervalued

Now 20% undervalued

Less than half of directors are independent

Upcoming dividend of kr3.13 per share at 4.9% yield

Full year 2022 earnings released: EPS: kr7.64 (vs kr6.85 in FY 2021)

Chief Financial Officer recently sold €87k worth of stock

Full year 2022 earnings released: EPS: kr7.64 (vs kr6.87 in FY 2021)

Atea ASA Proposes Dividend

Now 21% undervalued after recent price drop

Atea ASA to Report Q3, 2023 Results on Oct 19, 2023

Upcoming dividend of kr2.75 per share

Atea ASA (OB:ATEA) commences an Equity Buyback Plan, under the authorization approved on April 28, 2022.

Third quarter 2022 earnings released: EPS: kr1.76 (vs kr1.66 in 3Q 2021)

Atea Asa Proposes Cash Dividend, Payable on November 23, 2022

Independent Chairman of the Board recently bought €850k worth of stock

Second quarter 2022 earnings released: EPS: kr1.99 (vs kr1.27 in 2Q 2021)

Atea ASA (OB:ATEA) agreed to acquire IT consulting operations of Human IT Sverige AB from Human It-Consulting Sverige Ab.

Independent Chairman of the Board recently bought €1.1m worth of stock

Independent Chairman of the Board recently bought €2.6m worth of stock

Independent Chairman of the Board recently bought €1.4m worth of stock

First quarter 2022 earnings released: EPS: kr1.17 (vs kr1.16 in 1Q 2021)

Upcoming dividend of kr2.75 per share

Nortel AS (OB:NTEL) entered an agreement to acquire Atea Mobil from Atea ASA (OB:ATEA) for NOK 72.5 million.

Atea ASA (OB:ATEA) acquired Gambit Group.

Chief Financial Officer recently sold €1.2m worth of stock

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

Atea Asa Proposes Dividend for the Full Year 2021

Upcoming dividend of kr2.50 per share

Third quarter 2021 earnings released: EPS kr1.66 (vs kr1.36 in 3Q 2020)

Chairman of the Board recently bought €1.7m worth of stock

Chairman of the Board recently bought €2.5m worth of stock

Second quarter 2021 earnings released: EPS kr1.27 (vs kr1.37 in 2Q 2020)

Chairman of the Board recently bought €6.5m worth of stock

First quarter 2021 earnings released: EPS kr1.16 (vs kr0.055 in 1Q 2020)

Atea ASA Approves Cash Dividend, Payable Within May 20, 2021

Upcoming dividend of kr2.50 per share

Full year 2020 earnings released: EPS kr5.36 (vs kr4.82 in FY 2019)

New 90-day high: €14.18

Chairman of the Board recently bought €16m worth of stock

Full year 2020 earnings released: EPS kr5.37 (vs kr4.86 in FY 2019)

Revenue beats expectations

New 90-day high: €12.88

New 90-day high: €11.90

New 90-day high: €11.52

Insider recently sold €109k worth of stock

New 90-day high: €11.18

Chief Financial Officer recently bought €21k worth of stock

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released

New 90-day high: €10.48

Atea ASA (OB:ATEA) completed the acquisition of DatabaseForum AS.

New 90-day high - €10.38