Kitron Management

Management criteria checks 2/4

Kitron's CEO is Lars Nilsson, appointed in Nov 2014, has a tenure of 9.42 years. total yearly compensation is €1.92M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 1.33% of the company’s shares, worth €6.46M. The average tenure of the management team and the board of directors is 9.4 years and 4 years respectively.

Key information

Lars Nilsson

Chief executive officer

€1.9m

Total compensation

CEO salary percentage	16.7%
CEO tenure	9.4yrs
CEO ownership	1.3%
Management average tenure	9.4yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lars Nilsson's remuneration changed compared to Kitron's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	€44m
Dec 31 2023	€2m	€321k	€51m
Sep 30 2023	n/a	n/a	€48m
Jun 30 2023	n/a	n/a	€46m
Mar 31 2023	n/a	n/a	€37m
Dec 31 2022	€1m	€298k	€28m
Sep 30 2022	n/a	n/a	€22m
Jun 30 2022	n/a	n/a	€17m
Mar 31 2022	n/a	n/a	€16m
Dec 31 2021	€481k	€302k	€15m
Sep 30 2021	n/a	n/a	€16m
Jun 30 2021	n/a	n/a	€20m
Mar 31 2021	n/a	n/a	€22m
Dec 31 2020	€650k	€288k	€20m
Sep 30 2020	n/a	n/a	€18m
Jun 30 2020	n/a	n/a	€15m
Mar 31 2020	n/a	n/a	€12m
Dec 31 2019	€2m	€296k	€13m
Sep 30 2019	n/a	n/a	€13m
Jun 30 2019	n/a	n/a	€13m
Mar 31 2019	n/a	n/a	€13m
Dec 31 2018	€533k	€281k	€11m
Sep 30 2018	n/a	n/a	€12m
Jun 30 2018	n/a	n/a	€11m
Mar 31 2018	n/a	n/a	€11m
Dec 31 2017	€551k	€283k	€10m

Compensation vs Market: Lars's total compensation ($USD2.06M) is above average for companies of similar size in the German market ($USD1.02M).

Compensation vs Earnings: Lars's compensation has increased by more than 20% in the past year.

CEO

Lars Nilsson (59 yo)

9.4yrs

Tenure

€1,924,201

Compensation

Mr. Lars Peter Nilsson has been the Chief Executive Officer of Kitron ASA since November 10, 2014 and serves as President. He served as the President of Electronics Technology Division at PartnerTech AB un...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lars Nilsson	CEO & President	9.4yrs	€1.92m	1.33% € 6.5m
Cathrin Nylander	Chief Financial Officer	10.7yrs	€825.15k	0.55% € 2.7m
Kristoffer Asklov	Chief Operating Officer	2.6yrs	€821.23k	0.073% € 353.6k
Stian Haugen	Chief Technology Officer	no data	€634.09k	0.051% € 247.5k
Mindaugas Sestokas	Vice President of Central Eastern Europe	no data	€795.38k	0.24% € 1.2m
Hans Thomassen	Vice President of Nordics & North America	no data	€742.06k	0.26% € 1.3m
Magnus Lindseth	General Manager of Kitron Sweden and Board Observer	no data	€1.22k	no data

9.4yrs

Average Tenure

52yo

Average Age

Experienced Management: KP5's management team is seasoned and experienced (9.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Magnus Lindseth	General Manager of Kitron Sweden and Board Observer	no data	€1.22k	no data
Tuomo Lahdesmaki	Independent Chairman of the Board	10.2yrs	€57.42k	0.15% € 729.2k
Maalfrid Brath	Independent Director	6yrs	€27.28k	0.016% € 80.2k
Michael Thomsen	Independent Board Director	2yrs	€29.15k	0.0044% € 21.3k
Elisabeth Jacobsen	Employee Representative Deputy Board Member	no data	€6.80k	no data
Jarle Larsen	Employee Representative Director	4.9yrs	€24.79k	0.011% € 51.9k
Vidar Hushovd	Employee Representative Deputy Board Member	no data	no data	no data
Andrea-Sofie Berli	Employee Representative Deputy Board Member	no data	no data	no data
Kristen Totland	Employee Representative Deputy Board Member	no data	no data	no data
Petra Grandinson	Independent Director	4yrs	€27.28k	0.012% € 56.3k
Tone Aas	Employee Representative Director	less than a year	€18.72k	no data
Henriette Stene	Employee Representative Director	less than a year	€18.72k	no data

4.0yrs

Average Tenure

55yo

Average Age

Experienced Board: KP5's board of directors are considered experienced (4 years average tenure).

Kitron Management

Management criteria checks 2/4

Key information

Recent management updates

Kitron ASA, Annual General Meeting, Apr 25, 2024

Insider recently sold €118k worth of stock

Insufficient new directors

Recent updates

First quarter 2024 earnings released: EPS: €0.03 (vs €0.07 in 1Q 2023)

Kitron ASA Revises Earnings Guidance for the Year 2024

Now 23% undervalued after recent price drop

Upcoming dividend of kr0.75 per share

Full year 2023 earnings released: EPS: €0.26 (vs €1.46 in FY 2022)

Full year 2023 earnings released: EPS: €0.26 (vs €0.14 in FY 2022)

Kitron ASA Reiterates Earnings Guidance for the Year 2024

Kitron ASA Proposes Cash Dividend, Payable on or About 16 May 2024

Now 24% undervalued after recent price drop

Kitron Provides Earnings Guidance for the Third Quarter of 2023 and Full Year 2024

Kitron ASA, Annual General Meeting, Apr 25, 2024

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: €0.05 (vs €0.04 in 3Q 2022)

Kitron ASA Reiterates Earnings Guidance for the Year 2023

Insider recently sold €118k worth of stock

Now 21% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: €0.08 (vs €0.03 in 2Q 2022)

Kitron ASA Revises Earnings Guidance for the Fiscal Year 2023

New minor risk - Share price stability

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

Insufficient new directors

Upcoming dividend of kr0.50 per share at 1.4% yield

Full year 2022 earnings released: EPS: kr1.46 (vs kr0.85 in FY 2021)

Full year 2022 earnings released: EPS: kr1.46 (vs kr0.85 in FY 2021)

Kitron ASA to Report First Half, 2023 Results on Jul 13, 2023

Kitron ASA Provides Earnings Guidance for Year 2023

Kitron Asa Provides Outlook for the Third-Quarter and Full-Year 2022

Now 20% undervalued

Now 20% undervalued

Third quarter 2022 earnings released: EPS: kr0.38 (vs kr0.11 in 3Q 2021)

Kitron Asa Raises Earning Guidance for 2022

Second quarter 2022 earnings released: EPS: kr0.34 (vs kr0.27 in 2Q 2021)

Kitron ASA Revises Earnings Guidance for the Full Year 2022

First quarter 2022 earnings released: EPS: kr0.23 (vs kr0.25 in 1Q 2021)

Kitron ASA Provides Earnings Guidance for the Year 2022

Upcoming dividend of kr0.25 per share

Kitron ASA Proposes Dividend for the Financial Year 2021, Payable on or About May 16, 2022

Kitron ASA Provides Earnings Guidance for the Year 2022

Kitron Asa Provides Earnings Guidance for the Year 2022

Kitron ASA Proposes Dividend

Kitron ASA to Report Q4, 2022 Results on Feb 15, 2023

Kitron ASA (OB:KIT) completed the acquisition of BB Electronics A/S from external investors and management.

Kitron ASA (OB:KIT) entered into an agreement to acquire BB Electronics A/S from BB Electronics Holding ApS, external investors and BB Electronics management for DKK 600 million.

Kitron ASA Expects Production Halt to Last Two Weeks

Third quarter 2021 earnings released: EPS kr0.11 (vs kr0.34 in 3Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of kr0.35 per share

Kitron ASA Provides Earnings Guidance for the Year 2021

Second quarter 2021 earnings released: EPS kr0.27 (vs kr0.36 in 2Q 2020)

First quarter 2021 earnings released: EPS kr0.25 (vs kr0.23 in 1Q 2020)

Upcoming dividend of kr0.35 per share

Kitron ASA Provides Earnings Guidance for the Year 2021

Full year 2020 earnings released: EPS kr1.19 (vs kr0.74 in FY 2019)

Kitron ASA Updates Financial Outlook for 2025

Investor sentiment improved over the past week

New 90-day high: €1.85

Kitron Wins Contract for Battery Management Systems

Full year 2020 earnings released: EPS kr1.19 (vs kr0.74 in FY 2019)

Revenue misses expectations

New 90-day high: €1.79

Investor sentiment improved over the past week

Kitron Receives F-35 IF Receiver Order

Kitron ASA to Report Q3, 2021 Results on Oct 21, 2021

Kitron ASA to Report Q4, 2021 Results on Feb 11, 2022

Northrop Grumman Awards F-35 Development Contract to Kitron

Kitron ASA Receives Order from Kongsberg Defence & Aerospace AS

Market pulls back on stock over the past week

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day high: €1.69

Kitron ASA to Report Q4, 2020 Results on Feb 10, 2021

New 90-day high - €1.62