NOTE AB (publ)

DB:NQA Stock Report

Market Cap: €457.9m

NOTE Management

Management criteria checks 3/4

NOTE's CEO is Johannes Lind-Widestam, appointed in Sep 2018, has a tenure of 7.67 years. total yearly compensation is SEK7.12M, comprised of 57.5% salary and 42.5% bonuses, including company stock and options. directly owns 1.08% of the company’s shares, worth €4.94M. The average tenure of the management team and the board of directors is 4.2 years and 2.3 years respectively.

Key information

Johannes Lind-Widestam

Chief executive officer

SEK 7.1m

Total compensation

CEO salary percentage57.54%
CEO tenure7.7yrs
CEO ownership1.1%
Management average tenure4.2yrs
Board average tenure2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Johannes Lind-Widestam's remuneration changed compared to NOTE's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

SEK 268m

Dec 31 2025SEK 7mSEK 4m

SEK 281m

Sep 30 2025n/an/a

SEK 268m

Jun 30 2025n/an/a

SEK 257m

Mar 31 2025n/an/a

SEK 249m

Dec 31 2024SEK 7mSEK 4m

SEK 248m

Sep 30 2024n/an/a

SEK 266m

Jun 30 2024n/an/a

SEK 288m

Mar 31 2024n/an/a

SEK 299m

Dec 31 2023SEK 7mSEK 3m

SEK 320m

Sep 30 2023n/an/a

SEK 328m

Jun 30 2023n/an/a

SEK 303m

Mar 31 2023n/an/a

SEK 283m

Dec 31 2022SEK 6mSEK 3m

SEK 254m

Sep 30 2022n/an/a

SEK 223m

Jun 30 2022n/an/a

SEK 231m

Mar 31 2022n/an/a

SEK 219m

Dec 31 2021SEK 5mSEK 3m

SEK 194m

Sep 30 2021n/an/a

SEK 158m

Jun 30 2021n/an/a

SEK 138m

Mar 31 2021n/an/a

SEK 125m

Dec 31 2020SEK 5mSEK 3m

SEK 116m

Sep 30 2020n/an/a

SEK 110m

Jun 30 2020n/an/a

SEK 104m

Mar 31 2020n/an/a

SEK 94m

Dec 31 2019SEK 4mSEK 2m

SEK 92m

Compensation vs Market: Johannes's total compensation ($USD767.35K) is about average for companies of similar size in the German market ($USD1.06M).

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

CEO

Johannes Lind-Widestam (53 yo)

7.7yrs
Tenure
SEK 7,115,000
Compensation

Mr. Johannes Lind-Widestam is Chief Executive Officer and President of NOTE AB (publ) since September 2018. Mr. Lind-Widestam served as the Chief Executive Officer and President at Elos Medtech AB (publ) s...

Leadership Team

NamePositionTenureCompensationOwnership
Johannes Lind-Widestam
CEO & President7.7yrsSEK 7.12m1.08%
€ 4.9m
Bahare Mackinovski
Chief Sales & Marketing Officerless than a yearSEK 250.00k0.013%
€ 57.8k
Frida Frykstrand
Chief Financial Officer4.1yrsno data0.0034%
€ 15.8k
Christoffer Skogh
Managing Directorno datano datano data
Cecilia Örn-Lindberg
Chief Procurement Officer4.3yrsno datano data
4.2yrs
Average Tenure
45yo
Average Age

Experienced Management: NQA's management team is considered experienced (4.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anna Belfrage
Independent Chairman of the Board7.3yrsSEK 458.00kno data
Johan Hagberg
Director9.3yrsSEK 233.00k19.29%
€ 88.3m
Egil Dahl
Independent Director2.3yrsSEK 232.00k6.04%
€ 27.7m
Charlotte Stjerngren
Independent Director7.3yrsSEK 290.00k0.035%
€ 160.4k
Malcolm Hardie
Employee Representative Director2.3yrsno datano data
Jan Engelberg
Directorless than a yearno datano data
Michael Wigston
Directorless than a yearno datano data
2.3yrs
Average Tenure
57yo
Average Age

Experienced Board: NQA's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 15:30
End of Day Share Price 2026/05/07 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

NOTE AB (publ) is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anders AkerblomNordea Markets
Anton IngvesNordea Markets
Michael LatimoreNorthland Capital Markets