NEXT Biometrics Group Management
Management criteria checks 2/4
NEXT Biometrics Group's CEO is Ulf Ritsvall, appointed in Oct 2023, has a tenure of 1.25 years. total yearly compensation is NOK3.90M, comprised of 54.6% salary and 45.4% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth €8.99K. The average tenure of the management team and the board of directors is 1.2 years and 6.8 years respectively.
Key information
Ulf Ritsvall
Chief executive officer
NOK 3.9m
Total compensation
| CEO salary percentage | 54.6% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.01% |
| Management average tenure | 1.2yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -NOK 35m |
| Jun 30 2024 | n/a | n/a | -NOK 54m |
| Mar 31 2024 | n/a | n/a | -NOK 67m |
| Dec 31 2023 | NOK 4m | NOK 2m | -NOK 66m |
| Sep 30 2023 | n/a | n/a | -NOK 66m |
| Jun 30 2023 | n/a | n/a | -NOK 56m |
| Mar 31 2023 | n/a | n/a | -NOK 46m |
| Dec 31 2022 | NOK 3m | NOK 2m | -NOK 46m |
| Sep 30 2022 | n/a | n/a | -NOK 54m |
| Jun 30 2022 | n/a | n/a | -NOK 59m |
| Mar 31 2022 | n/a | n/a | -NOK 57m |
| Dec 31 2021 | NOK 2m | NOK 366k | -NOK 60m |
Compensation vs Market: Ulf's total compensation ($USD339.86K) is about average for companies of similar size in the German market ($USD462.36K).
Compensation vs Earnings: Ulf's compensation has increased whilst the company is unprofitable.
CEO
Ulf Ritsvall
1.3yrs
Tenure
NOK 3,899,000
Compensation
Mr. Ulf Ritsvall serves as Chief Executive Officer of NEXT Biometrics Group ASA since October 01, 2023. He served as the Senior Vice President of Sales and Marketing at NEXT Biometrics Group ASA since Octo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.3yrs | NOK 3.90m | 0.015% € 9.0k | |
| Chief Financial Officer | 4.9yrs | NOK 3.02m | 0.10% € 63.0k | |
| Senior VP & Head of Sales South-East Asia | 1.2yrs | NOK 1.89m | no data | |
| Chief Product Officer | 1.2yrs | NOK 2.52m | 0.017% € 10.6k | |
| Senior VP & Head of Sales IUEA | 1.2yrs | NOK 4.31m | no data |
1.2yrs
Average Tenure
44yo
Average Age
Experienced Management: NT7's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Strategic Advisor | 9yrs | no data | no data | |
| Strategic Advisor | 9yrs | no data | no data | |
| Strategic Advisor | no data | no data | no data | |
| Independent Director | 5.6yrs | NOK 500.00k | 0.90% € 546.6k | |
| Independent Chairman of the Board | 4.6yrs | NOK 200.00k | 0.48% € 290.5k | |
| Independent Director | 8yrs | NOK 200.00k | 0.069% € 42.2k | |
| Independent Director | 2.7yrs | NOK 273.00k | no data |
6.8yrs
Average Tenure
Experienced Board: NT7's board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 01:25 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
NEXT Biometrics Group ASA is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hans Rettedal Christiansen | Carnegie Investment Bank AB |
| Fridtjof Fredricsson | Pareto Securities |