Atea ASA

DB:MKL Stock Report

Market Cap: €1.6b

Atea Management

Management criteria checks 4/4

Atea's CEO is Steinar Sonsteby, appointed in Jan 2014, has a tenure of 12.25 years. total yearly compensation is NOK17.90M, comprised of 32.4% salary and 67.6% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €1.81M. The average tenure of the management team and the board of directors is 11.7 years and 7.9 years respectively.

Key information

Steinar Sonsteby

Chief executive officer

NOK 17.9m

Total compensation

CEO salary percentage32.40%
CEO tenure12.3yrs
CEO ownership0.1%
Management average tenure11.7yrs
Board average tenure7.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steinar Sonsteby's remuneration changed compared to Atea's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

NOK 1b

Dec 31 2025NOK 18mNOK 6m

NOK 878m

Sep 30 2025n/an/a

NOK 798m

Jun 30 2025n/an/a

NOK 764m

Mar 31 2025n/an/a

NOK 745m

Dec 31 2024NOK 16mNOK 6m

NOK 767m

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

Compensation vs Market: Steinar's total compensation ($USD1.93M) is about average for companies of similar size in the German market ($USD1.94M).

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

CEO

Steinar Sonsteby (63 yo)

12.3yrs
Tenure
NOK 17,900,000
Compensation

Mr. Steinar Sonsteby was Interim Managing Director of Atea A/S (also known as Atea Denmark) from February 2025 to March 2, 2026. Mr. Steinar Sonsteby has been the Chief Executive Officer of Atea ASA since...

Leadership Team

NamePositionTenureCompensationOwnership
Steinar Sonsteby
Chief Executive Officer12.3yrsNOK 17.90m0.11%
€ 1.8m
Robert Giori
Chief Financial Officer11.7yrsNOK 9.40m0.12%
€ 1.8m
Carl-Johan Hultenheim
Chief Operating Officer15.3yrsNOK 12.70m0.013%
€ 206.5k
Juha Sihvonen
Managing Director of Atea Finland OY (Finland)17.9yrsNOK 9.10m0.00027%
€ 4.3k
Arunas Bartusevicius
Managing Director of Atea Baltic UAB (the Baltics)no dataNOK 6.20m0.16%
€ 2.6m
Linus Wallin
Managing Director of Atea Sverige AB - Sweden5.3yrsNOK 9.00m0.00023%
€ 3.7k
Ole Saxrud
Managing Director4.6yrsNOK 8.00m0.0016%
€ 25.4k
Ole Fjellestad
Group Chief Accountantno datano datano data
Silje Gabrielsen
CFO of Atea Norwayno datano datano data
Nicolai Moresco
Managing Director Atea Denmarkless than a yearno data0.0036%
€ 57.8k
Christian Stangeland
Director of Business Controlno datano datano data
11.7yrs
Average Tenure
56yo
Average Age

Experienced Management: MKL's management team is seasoned and experienced (11.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Carl Wollebekk
Director3yrsNOK 200.00kno data
Morten Jurs
Independent Director16yrsNOK 350.00kno data
Svein-Tore Andersen
Alternate Directorno datano datano data
Truls Berntsen
Deputy Directorno dataNOK 100.00k0.00013%
€ 2.1k
Sven Madsen
Independent Chairman of the Board18yrsNOK 600.00kno data
Lisbeth Kvan
Independent Director12.9yrsNOK 300.00kno data
Saloume Djoudat
Independent Director11yrsNOK 200.00kno data
Arild Birkelund
Deputy Board Member7.9yrsno datano data
Tiril Fjeld
Deputy Board Member7.9yrsno datano data
Lone Kunøe
Director3yrsNOK 200.00k0.57%
€ 9.1m
Marius Hole
Employee Elected Director3.9yrsNOK 150.00kno data
Nelly Flatland
Deputy Directorno dataNOK 150.00kno data
7.9yrs
Average Tenure
60yo
Average Age

Experienced Board: MKL's board of directors are considered experienced (7.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/30 23:02
End of Day Share Price 2026/04/30 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Atea ASA is covered by 8 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
null nullABG Sundal Collier
Kristian StøleCarnegie Investment Bank AB
Mads StromDanske Bank