Kongsberg Gruppen Management

Management criteria checks 3/4

Kongsberg Gruppen's CEO is Geir Haoy, appointed in Jun 2016, has a tenure of 8.42 years. directly owns 0.028% of the company’s shares, worth NOK63.49M. The average tenure of the management team and the board of directors is 3.5 years and 3.5 years respectively.

Key information

Geir Haoy

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	8.4yrs
CEO ownership	0.03%
Management average tenure	3.5yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Geir Haoy's remuneration changed compared to Kongsberg Gruppen's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 5b
Jun 30 2024	n/a	n/a	NOK 5b
Mar 31 2024	n/a	n/a	NOK 4b
Dec 31 2023	n/a	n/a	NOK 4b
Sep 30 2023	n/a	n/a	NOK 4b
Jun 30 2023	n/a	n/a	NOK 3b
Mar 31 2023	n/a	n/a	NOK 3b
Dec 31 2022	NOK 12m	NOK 6m	NOK 3b
Sep 30 2022	n/a	n/a	NOK 2b
Jun 30 2022	n/a	n/a	NOK 2b
Mar 31 2022	n/a	n/a	NOK 2b
Dec 31 2021	NOK 11m	NOK 6m	NOK 2b
Sep 30 2021	n/a	n/a	NOK 2b
Jun 30 2021	n/a	n/a	NOK 2b
Mar 31 2021	n/a	n/a	NOK 2b
Dec 31 2020	NOK 11m	NOK 6m	NOK 1b
Sep 30 2020	n/a	n/a	NOK 1b
Jun 30 2020	n/a	n/a	NOK 850m
Mar 31 2020	n/a	n/a	NOK 625m
Dec 31 2019	NOK 10m	NOK 6m	NOK 580m
Sep 30 2019	n/a	n/a	NOK 588m
Jun 30 2019	n/a	n/a	NOK 676m
Mar 31 2019	n/a	n/a	NOK 728m
Dec 31 2018	NOK 9m	NOK 5m	NOK 701m
Sep 30 2018	n/a	n/a	NOK 626m
Jun 30 2018	n/a	n/a	NOK 550m
Mar 31 2018	n/a	n/a	NOK 522m
Dec 31 2017	NOK 8m	NOK 5m	NOK 554m

Compensation vs Market: Insufficient data to establish whether Geir's total compensation is reasonable compared to companies of similar size in the UK market.

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

CEO

Geir Haoy (58 yo)

8.4yrs

Tenure

NOK 11,546,000

Compensation

Mr. Geir Håøy has been the Chief Executive Officer and President of Kongsberg Gruppen ASA since June, 2016. Mr. Håøy Joined Kongsberg Gruppen ASA in June 1993. He has been the Chief Executive Officer of K...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Geir Haoy	President & CEO	8.4yrs	NOK 11.55m	0.028% NOK 63.5m
Christian Karde	Group Executive VP	4.2yrs	NOK 4.21m	0.0029% NOK 6.7m
Iver Olerud	Group Executive Vice President of Corporate Development	1.1yrs	NOK 4.53m	0.0050% NOK 11.5m
Eirik Lie	Executive VP of Kongsberg and President of Kongsberg Defense & Aerospace	8.3yrs	NOK 6.49m	0.010% NOK 23.5m
Even Aas	Group Executive Vice President of Public Affairs	no data	NOK 4.63m	0.018% NOK 41.8m
Lisa Haugan	Executive VP of Kongsberg & President of Kongsberg Maritime	2.8yrs	NOK 3.94m	0.0049% NOK 11.3m
Mette Bjorgen	CFO & Group Executive VP	1.6yrs	no data	no data
Kristin Barkost	Vice President of Accounting	14.8yrs	no data	no data
Jan Erik Hoff	Group Vice President of Investor Relations	no data	no data	no data
Ronny Lie	Chief Communication Officer	no data	no data	no data
Martin Fjell	Executive VP of Kongsberg & President of Kongsberg Discovery	1.8yrs	no data	0.0038% NOK 8.8m

3.5yrs

Average Tenure

57yo

Average Age

Experienced Management: 0F08's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eivind Reiten	Independent Chairman	7.6yrs	NOK 657.30k	no data
Per Sørlie	Director	5.5yrs	NOK 397.67k	no data
Kristin Faerovik	Director	1.5yrs	no data	no data
Morten Henriksen	Independent Director	11.5yrs	NOK 421.67k	no data
Ole Svarva	Deputy Director	no data	no data	no data
Merete Bull	Director	3.5yrs	NOK 287.33k	no data
Jo Bjerknes	Employee Representative Director	3.5yrs	NOK 287.33k	no data
Rune Fanoy	Employee Representative Director	3.5yrs	NOK 336.93k	0.00016% NOK 369.3k
Oda Ellingsen	Employee Representative Director	3.5yrs	NOK 397.67k	0.00082% NOK 1.9m
Kjersti Rod	Director	1.5yrs	NOK 63.93k	0.0012% NOK 2.7m
Ivar-Andre Ihle	Deputy Member of the Board	no data	NOK 12.70k	0.00060% NOK 1.4m

3.5yrs

Average Tenure

56yo

Average Age

Experienced Board: 0F08's board of directors are considered experienced (3.5 years average tenure).

Kongsberg Gruppen Management

Management criteria checks 3/4

Key information

Recent management updates

Kongsberg Gruppen ASA, Annual General Meeting, May 08, 2025

Kongsberg Gruppen ASA Elects Kjersti Rød to the Board

Insider recently bought kr3.4m worth of stock

Less than half of directors are independent

Kongsberg Gruppen ASA, Annual General Meeting, May 11, 2023

Independent Chairman recently bought kr323k worth of stock

Recent updates

Now 22% overvalued after recent price rise

Third quarter 2024 earnings released: EPS: kr7.72 (vs kr5.93 in 3Q 2023)

Kongsberg Gruppen ASA, Annual General Meeting, May 08, 2025

Kongsberg Gruppen ASA to Report Q3, 2025 Results on Oct 30, 2025

Upcoming dividend of kr7.00 per share

Second quarter 2024 earnings released: EPS: kr6.79 (vs kr4.38 in 2Q 2023)

First quarter 2024 earnings released: EPS: kr6.36 (vs kr4.21 in 1Q 2023)

Now 20% overvalued after recent price rise

Now 21% overvalued after recent price rise

Full year 2023 earnings released: EPS: kr21.08 (vs kr15.63 in FY 2022)

Dividend of kr7.00 announced

Investor sentiment improves as stock rises 19%

Full year 2023 earnings released: EPS: kr21.08 (vs kr15.64 in FY 2022)

Kongsberg Gruppen ASA Announces Special Dividend, Payable on 23 October 2024

Third quarter 2023 earnings released: EPS: kr5.93 (vs kr4.97 in 3Q 2022)

New major risk - Earnings quality

Kongsberg Gruppen ASA to Report Fiscal Year 2023 Final Results on Mar 21, 2024

Now 20% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: kr4.38 (vs kr2.98 in 2Q 2022)

Now 20% undervalued

Now 20% undervalued

Kongsberg Gruppen ASA Elects Kjersti Rød to the Board

Kongsberg Gruppen Announces Special Dividend

Upcoming dividend of kr12.00 per share at 2.5% yield

Now 20% undervalued

Full year 2022 earnings released: EPS: kr15.64 (vs kr12.06 in FY 2021)

Insider recently bought kr3.4m worth of stock

Full year 2022 earnings released: EPS: kr15.64 (vs kr12.12 in FY 2021)

Kongsberg Gruppen ASA Reports Impairment Changes for the Fourth Quarter Ended December 31, 2022

Less than half of directors are independent

Kongsberg Gruppen ASA, Annual General Meeting, May 11, 2023

Kongsberg Gruppen ASA to Report Q2, 2023 Results on Jul 12, 2023

Kongsberg Gruppen ASA Reports Impairment Charges for the Quarter Ended June 30, 2022

Kongsberg Gruppen ASA (OB:KOG) agreed to acquire 77% stake in NanoAvionika, LLC from AST SpaceMobile, Inc. (NasdaqGS:ASTS) and others for enterprise value €65 million.

Independent Chairman recently bought kr323k worth of stock

Kongsberg Provides Revenue Guidance for the Year 2022

Kongsberg Gruppen ASA (OB:KOG) commences an Equity Buyback Plan under the authorization approved on May 11, 2022.

President & CEO recently bought kr251k worth of stock

First quarter 2022 earnings released: EPS: kr2.13 (vs kr2.26 in 1Q 2021)

Investor sentiment deteriorated over the past week

Now 21% undervalued

Upcoming dividend of kr15.30 per share

Less than half of directors are independent

Full year 2021 earnings released: EPS: kr12.06 (vs kr8.01 in FY 2020)

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Kongsberg Gruppen ASA Announces Special Cash Dividend, Payable 27 May 2022

Kongsberg Gruppen ASA Proposes Dividend

Insider recently sold kr50k worth of stock

Kongsberg Gruppen ASA (OB:KOG) announces an Equity Buyback.

Employee Representative Director has left the company

Independent Director has left the company

Employee Representative Director has left the company

Employee Representative Director has left the company

Kongsberg Gruppen ASA Approves Dividend for 2020

Upcoming dividend of kr8.00 per share

President & CEO recently bought kr855k worth of stock

Full year 2020 earnings released: EPS kr8.01 (vs kr3.89 in FY 2019)

Full year 2020 earnings released: EPS kr8.01 (vs kr3.89 in FY 2019)

Revenue misses expectations

Kongsberg Gruppen ASA Wins Contract of Approx. NOK 266 million

New 90-day high: kr186

Kongsberg Gruppen ASA to Report Fiscal Year 2020 Final Results on Mar 26, 2021

New 90-day high: kr173

Group EVP recently bought kr55k worth of stock

Group EVP recently bought kr55k worth of stock

Director recently bought kr3.7m worth of stock

Kongsberg Maritime Signs NOK 200 Million Contract to Supply Propeller Systems for Five F110 Frigates

Revenue misses expectations