AF Gruppen ASA

BATS-CHIXE:AFGO Stock Report

Market Cap: NOK 12.2b

AF Gruppen Management

Management criteria checks 2/4

AF Gruppen's CEO is Amund Tøftum, appointed in Aug 2020, has a tenure of 3.33 years. total yearly compensation is NOK12.02M, comprised of 33.7% salary and 66.3% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth NOK15.48M. The average tenure of the management team and the board of directors is 3.4 years and 1.6 years respectively.

Key information

Amund Tøftum

Chief executive officer

NOK 12.0m

Total compensation

CEO salary percentage33.7%
CEO tenure3.3yrs
CEO ownership0.1%
Management average tenure3.4yrs
Board average tenure1.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Amund Tøftum's remuneration changed compared to AF Gruppen's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

NOK 596m

Jun 30 2023n/an/a

NOK 705m

Mar 31 2023n/an/a

NOK 806m

Dec 31 2022NOK 12mNOK 4m

NOK 958m

Sep 30 2022n/an/a

NOK 1b

Jun 30 2022n/an/a

NOK 1b

Mar 31 2022n/an/a

NOK 1b

Dec 31 2021NOK 9mNOK 4m

NOK 1b

Sep 30 2021n/an/a

NOK 1b

Jun 30 2021n/an/a

NOK 1b

Mar 31 2021n/an/a

NOK 1b

Dec 31 2020NOK 6mNOK 2m

NOK 971m

Sep 30 2020n/an/a

NOK 767m

Jun 30 2020n/an/a

NOK 749m

Mar 31 2020n/an/a

NOK 840m

Dec 31 2019NOK 5mNOK 2m

NOK 854m

Sep 30 2019n/an/a

NOK 899m

Jun 30 2019n/an/a

NOK 886m

Mar 31 2019n/an/a

NOK 782m

Dec 31 2018NOK 4mNOK 2m

NOK 772m

Sep 30 2018n/an/a

NOK 727m

Jun 30 2018n/an/a

NOK 647m

Mar 31 2018n/an/a

NOK 667m

Dec 31 2017NOK 5mNOK 2m

NOK 621m

Sep 30 2017n/an/a

NOK 640m

Jun 30 2017n/an/a

NOK 662m

Mar 31 2017n/an/a

NOK 649m

Dec 31 2016NOK 3mNOK 1m

NOK 691m

Compensation vs Market: Amund's total compensation ($USD1.13M) is about average for companies of similar size in the UK market ($USD1.41M).

Compensation vs Earnings: Amund's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Amund Tøftum (45 yo)

3.3yrs

Tenure

NOK 12,021,000

Compensation

Mr. Amund Tøftum serves as Chief Executive Officer of AF Gruppen ASA since August 24, 2020. Mr. Tøftum has served as Executive Vice President of Offshore at AF Gruppen ASA since January 1, 2016 until Augus...

Leadership Team

NamePositionTenureCompensationOwnership
Amund Tøftum
Chief Executive Officer3.3yrsNOK 12.02m0.13%
NOK 15.5m
Anny Øen
Executive VP & CFO1.3yrsNOK 1.69m0.027%
NOK 3.4m
Bård Frydenlund
Executive Vice President of Sweden4.9yrsNOK 6.13m0.17%
NOK 21.0m
Tormod Solberg
Executive Vice President of Construction3.3yrsNOK 5.40m0.052%
NOK 6.4m
Eirik Wraal
Executive Vice President of Environment & Energy7.9yrsNOK 5.89m0.036%
NOK 4.4m
Geir Flata
Executive Vice President of Civil Engineering & Property4.8yrsNOK 6.12m0.0021%
NOK 259.6k
Lars Hjelmeset
Executive Vice President of Offshore1.3yrsNOK 1.88m0.033%
NOK 4.0m
Knut Ekern
Communication Directorno datano data0.0079%
NOK 969.8k
Kelly Fusner
Chief Underwriting Officer3.5yrsno datano data

3.4yrs

Average Tenure

47yo

Average Age

Experienced Management: AFGO's management team is considered experienced (3.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hege Bomark
Director11.6yrsNOK 389.00kno data
Morten Grongstad
Chairman of the Boardless than a yearNOK 11.73m0.023%
NOK 2.8m
Arne Sveen
Directorno dataNOK 275.00kno data
Kristian Holth
Director7.6yrsNOK 404.00kno data
Saloume Djoudat
Director2.6yrsNOK 389.00kno data
Hilde Flaen
Directorno dataNOK 275.00k0.027%
NOK 3.3m
Erik Veiby
Director1.6yrsno datano data
Hilde Herud
Director1.6yrsno data0.0028%
NOK 347.8k
Marianne Gjertsen
Directorless than a yearno datano data
Espen Jahr
Director1.6yrsno data0.0047%
NOK 571.8k

1.6yrs

Average Tenure

50.5yo

Average Age

Experienced Board: AFGO's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/12/02 02:29
End of Day Share Price 2023/09/04 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

AF Gruppen ASA is covered by 9 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
null nullABG Sundal Collier
Mikkel Nyholt-SmedsengCarnegie Investment Bank AB
Martin StenshallDanske Bank