Norbit Management

Management criteria checks 4/4

Norbit's CEO is Per Weisethaunet, appointed in Jan 2001, has a tenure of 23.33 years. total yearly compensation is NOK5.00M, comprised of 66% salary and 34% bonuses, including company stock and options. directly owns 11.73% of the company’s shares, worth €43.52M. The average tenure of the management team and the board of directors is 7.3 years and 3.5 years respectively.

Key information

Per Weisethaunet

Chief executive officer

kr5.0m

Total compensation

CEO salary percentage	66.0%
CEO tenure	23.3yrs
CEO ownership	11.7%
Management average tenure	7.3yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Per Weisethaunet's remuneration changed compared to Norbit's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr5m	kr3m	kr185m
Sep 30 2023	n/a	n/a	kr182m
Jun 30 2023	n/a	n/a	kr172m
Mar 31 2023	n/a	n/a	kr146m
Dec 31 2022	kr5m	kr3m	kr107m
Sep 30 2022	n/a	n/a	kr79m
Jun 30 2022	n/a	n/a	kr78m
Mar 31 2022	n/a	n/a	kr62m
Dec 31 2021	kr4m	kr3m	kr48m
Sep 30 2021	n/a	n/a	kr33m
Jun 30 2021	n/a	n/a	kr37m
Mar 31 2021	n/a	n/a	kr21m
Dec 31 2020	kr3m	kr3m	kr27m
Sep 30 2020	n/a	n/a	kr55m
Jun 30 2020	n/a	n/a	kr59m
Mar 31 2020	n/a	n/a	kr48m
Dec 31 2019	kr9m	kr2m	kr77m
Sep 30 2019	n/a	n/a	kr60m
Jun 30 2019	n/a	n/a	kr49m
Mar 31 2019	n/a	n/a	kr85m
Dec 31 2018	kr2m	kr2m	kr48m

Compensation vs Market: Per's total compensation ($USD460.04K) is below average for companies of similar size in the German market ($USD993.35K).

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

CEO

Per Weisethaunet

23.3yrs

Tenure

kr5,000,000

Compensation

Mr. Per Jorgen Weisethaunet has been Group Chief Executive Officer of Norbit ASA, which position he has held since joining in 2001. Mr. Weisethaunet has been the co-owner of NORBIT since 2008. Further, Mr....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Per Weisethaunet	Group Chief Executive Officer	23.3yrs	kr5.00m	11.73% NOK 43.5m
Per Reppe	Group Chief Financial Officer	3.8yrs	kr4.30m	0.11% NOK 412.7k
Stein Beyer	Group COO & Business Unit Director PIR	12.3yrs	kr3.40m	0.53% NOK 2.0m
Arild Soraunet	Group Chief Technical Officer	6.3yrs	kr2.80m	1.15% NOK 4.3m
Julie Benum	Director of Strategy & ESG	1.3yrs	kr1.50m	0.0019% NOK 7.1k
Peter Eriksen	Business Unit Director of Oceans	8.3yrs	kr6.00m	1.37% NOK 5.1m
Steffen Kirknes	Founder & Talent Manager	no data	kr60.00k	17.12% NOK 63.5m
Sture Ingdal	Finance Director	no data	no data	0.012% NOK 45.7k

7.3yrs

Average Tenure

Experienced Management: 4NK's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bente Landsnes	Independent Deputy Chairperson	5yrs	kr395.00k	0.12% NOK 458.3k
Finn Haugan	Independent Chairperson	5yrs	kr545.00k	0.16% NOK 581.6k
Trond Tuvstein	Independent Director	5yrs	kr250.00k	0.055% NOK 203.5k
Tom Solberg	Deputy Director	2yrs	kr92.00k	0.11% NOK 407.1k
Christina Hallin	Director	2yrs	kr175.00k	no data
Magnus Reitan	Director	2yrs	kr195.00k	no data

3.5yrs

Average Tenure

62yo

Average Age

Experienced Board: 4NK's board of directors are considered experienced (3.5 years average tenure).

Norbit Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new and inexperienced directors

Group Chief Executive Officer recently bought €84k worth of stock

Independent Chairperson recently bought €9.4k worth of stock

Group Chief Executive Officer recently bought €31k worth of stock

Group Chief Executive Officer recently bought €31k worth of stock

Recent updates

Upcoming dividend of kr2.55 per share

Full year 2023 earnings released: EPS: kr3.11 (vs kr1.82 in FY 2022)

Dividend of kr2.55 announced

Full year 2023 earnings released: EPS: kr3.11 (vs kr1.82 in FY 2022)

Now 25% overvalued after recent price rise

Now 20% overvalued after recent price rise

Norbit ASA to Report First Half, 2024 Results on Aug 15, 2024

Third quarter 2023 earnings released: EPS: kr0.37 (vs kr0.20 in 3Q 2022)

New minor risk - Share price stability

Norbit ASA (OB:NORBT) agreed to acquire Ping DSP.

Norbit Asa Raises Earnings Guidance for 2023

Second quarter 2023 earnings released: EPS: kr1.15 (vs kr0.73 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Norbit ASA Reiterates Revenue Guidance for the Year 2023

Norbit ASA Approves Dividend Distribution, Payable on or About 16 May 2023

Upcoming dividend of kr0.70 per share at 1.7% yield

Full year 2022 earnings released: EPS: kr1.82 (vs kr0.83 in FY 2021)

Norbit Asa Provides Earnings Guidance for the Year 2023

Norbit ASA (OB:NORBT) acquired Cps As.

Investor sentiment deteriorated over the past week

Norbit ASA to Report Q4, 2023 Results on Feb 15, 2024

Third quarter 2022 earnings released: EPS: kr0.20 (vs kr0.17 in 3Q 2021)

Third quarter 2022 earnings released: EPS: kr0.20 (vs kr0.17 in 3Q 2021)

Norbit ASA Provides Earnings Guidance for the Full Year 2022

Second quarter 2022 earnings released: EPS: kr0.73 (vs kr0.48 in 2Q 2021)

Norbit ASA Provides Revenue Guidance for the Third Quarter and Earnings Guidance for the Full Year 2022

First quarter 2022 earnings released: EPS: kr0.21 (vs kr0.028 loss in 1Q 2021)

Norbit ASA Provides Earnings Guidance for the Second Quarter of 2022

Norbit ASA Approves Dividend, Payable on or About 18 May 2022

Upcoming dividend of kr0.30 per share

High number of new and inexperienced directors

Full year 2021 earnings released: EPS: kr0.83 (vs kr0.48 in FY 2020)

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Norbit ASA Proposes Dividend for the Fiscal Year 2021, Payable on or About 18 May 2022

Norbit ASA Provides Revenue Guidance for the Year 2022

Group Chief Executive Officer recently bought €84k worth of stock

Third quarter 2021 earnings released: EPS kr0.17 (vs kr0.24 in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Independent Chairperson recently bought €9.4k worth of stock

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS kr0.48 (vs kr0.20 in 2Q 2020)

First quarter 2021 earnings released: kr0.028 loss per share (vs kr0.086 profit in 1Q 2020)

Norbit ASA Provides Revenue Guidance for the Second Quarter of 2021

Norbit ASA Approves Dividend Distribution, Payable on or About 18 May 2021

Upcoming dividend of kr0.30 per share

Full year 2020 earnings released: EPS kr0.48 (vs kr1.45 in FY 2019)

Norbit ASA (OB:NORBT) agreed to acquire Business and Assets of StalkIT for NOK 24 million.

Group Chief Executive Officer recently bought €31k worth of stock

Group Chief Executive Officer recently bought €31k worth of stock

Revenue misses expectations

Full year 2020 earnings released: EPS kr0.48 (vs kr1.45 in FY 2019)

New 90-day high: €1.93

New 90-day high: €1.76

New 90-day high: €1.69

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

Norbit ASA (OB:NORBIT) acquired SeaDarQ B.V. from Innovasea Akvakultur AS.

New 90-day low: €1.38

New 90-day high - €1.68

Earnings released

New 90-day high - €1.54

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure