Veidekke Management

Management criteria checks 4/4

Veidekke's CEO is Jimmy Bengtsson, appointed in Sep 2019, has a tenure of 4.67 years. total yearly compensation is NOK6.62M, comprised of 71.1% salary and 28.9% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth NOK8.15M. The average tenure of the management team and the board of directors is 4 years and 4 years respectively.

Key information

Jimmy Bengtsson

Chief executive officer

kr6.6m

Total compensation

CEO salary percentage	71.1%
CEO tenure	4.7yrs
CEO ownership	0.05%
Management average tenure	4yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jimmy Bengtsson's remuneration changed compared to Veidekke's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr7m	kr5m	kr1b
Sep 30 2023	n/a	n/a	kr1b
Jun 30 2023	n/a	n/a	kr1b
Mar 31 2023	n/a	n/a	kr1b
Dec 31 2022	kr6m	kr4m	kr1b
Sep 30 2022	n/a	n/a	kr905m
Jun 30 2022	n/a	n/a	kr889m
Mar 31 2022	n/a	n/a	kr904m
Dec 31 2021	kr6m	kr4m	kr958m
Sep 30 2021	n/a	n/a	kr931m
Jun 30 2021	n/a	n/a	kr997m
Mar 31 2021	n/a	n/a	kr985m
Dec 31 2020	kr4m	kr4m	kr842m
Sep 30 2020	n/a	n/a	kr467m
Jun 30 2020	n/a	n/a	kr348m
Mar 31 2020	n/a	n/a	kr352m
Dec 31 2019	kr4m	kr4m	kr392m
Sep 30 2019	n/a	n/a	kr384m
Jun 30 2019	n/a	n/a	kr484m
Mar 31 2019	n/a	n/a	kr82m
Jan 01 2019	n/a	n/a	kr119m
Sep 30 2018	n/a	n/a	kr700m
Jun 30 2018	n/a	n/a	kr670m
Mar 31 2018	n/a	n/a	kr1b
Dec 31 2017	kr4m	kr3m	kr1b

Compensation vs Market: Jimmy's total compensation ($USD602.45K) is below average for companies of similar size in the UK market ($USD2.33M).

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

CEO

Jimmy Bengtsson (57 yo)

4.7yrs

Tenure

kr6,622,000

Compensation

Mr. Jimmy Bengtsson serves as Group Chief Executive Officer of Veidekke ASA since September 1,2019. Mr. Bengtsson served as Executive Vice President of Construction Sweden at Veidekke ASA since January 1,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jimmy Bengtsson	Group Chief Executive Officer	4.7yrs	kr6.62m	0.053% NOK 8.1m
Jørgen Porsmyr	Executive VP & CFO	3.8yrs	kr4.25m	0.094% NOK 14.5m
Kristina Andreasson	Executive Vice President of Communications & Branding	3.7yrs	kr2.80m	0.013% NOK 2.0m
Anne Thorbjørnsen	Executive VP for HR and Occupational Health & Safety	5.6yrs	kr3.10m	0.030% NOK 4.7m
Torben Nielsen	Head of Operations in Denmark	no data	kr800.00k	0.075% NOK 11.6m
Terje Larsen	Executive Vice President of Risk Management & IT	3.8yrs	kr3.74m	0.087% NOK 13.4m
Lars Lund	Executive Vice President of Strategy & Sustainability	4.3yrs	kr3.39m	0.013% NOK 2.1m
Hans Sørlie	Executive Vice President of Veidekke Construction Norway	5.8yrs	kr4.00m	0.069% NOK 10.7m
Øivind Larsen	Executive Vice President of Veidekke Infrastructure - Norway	5.9yrs	kr4.35m	0.022% NOK 3.4m
Charlotta Nilsen	Executive Vice President of Veidekke Construction Sweden	3.3yrs	kr3.41m	no data
Marcus Nilsson	Executive Vice President of Veidekke Infrastructure Sweden	3.3yrs	kr3.31m	0.024% NOK 3.7m

4.0yrs

Average Tenure

54yo

Average Age

Experienced Management: 0GF6's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Per-Ingemar Persson	Independent Director	4yrs	kr458.00k	0.041% NOK 6.4m
Gro Bakstad	Independent Chairman of the Board	14.3yrs	kr421.00k	0.011% NOK 1.8m
Carola Laven	Independent Director	3yrs	kr370.00k	no data
Hanne Rønneberg	Independent Director	4yrs	kr445.00k	0.0020% NOK 309.1k
Inge Ramsdal	Employee Representative Director	16.3yrs	kr370.00k	0.0069% NOK 1.1m
Odd Olsen	Employee Representative Director	13.3yrs	kr390.00k	0.0048% NOK 748.1k
Arve Fludal	Employee Representative Director	9yrs	kr370.00k	0.0034% NOK 520.9k
Nils Bohler	Director	less than a year	no data	no data
Pal Eitrheim	Independent Director	2yrs	no data	no data

4.0yrs

Average Tenure

60yo

Average Age

Experienced Board: 0GF6's board of directors are considered experienced (4 years average tenure).

Veidekke Management

Management criteria checks 4/4

Key information

Recent management updates

Veidekke Asa Announces Resignation of Veidekkehat from Board, Effective 1 October 2023

Director recently bought kr259k worth of stock

Employee Representative Director recently sold kr53k worth of stock

No independent directors

Employee Representative Director recently sold kr154k worth of stock

No independent directors

Recent updates

Full year 2023 earnings released: EPS: kr7.92 (vs kr8.09 in FY 2022)

Full year 2023 earnings released: EPS: kr7.90 (vs kr8.09 in FY 2022)

Veidekke ASA Proposes Cash Dividend for the Financial Year 2023, Payable on 22 May 2024

Now 22% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: kr3.30 (vs kr3.00 in 3Q 2022)

Veidekke ASA to Report First Half, 2024 Results on Aug 15, 2024

Veidekke Asa Announces Resignation of Veidekkehat from Board, Effective 1 October 2023

Veidekke ASA (OB:VEI) acquired 20% stake in Applied Hydrogen As.

Now 24% undervalued

Second quarter 2023 earnings released: EPS: kr2.00 (vs kr1.90 in 2Q 2022)

Veidekke ASA to Report Q4, 2023 Results on Feb 08, 2024

Director recently bought kr259k worth of stock

First quarter 2023 earnings released: kr0.90 loss per share (vs kr0.40 loss in 1Q 2022)

Veidekke ASA Reaches Settlement in the Dispute over the E39 Svegatjørn-Rådal Project in Bergen

Upcoming dividend of kr7.75 per share at 6.3% yield

Employee Representative Director recently sold kr53k worth of stock

Full year 2022 earnings released: EPS: kr8.10 (vs kr7.10 in FY 2021)

Veidekke ASA Proposes Dividend for the Financial Year 2022, Payable on 24 May 2023

Veidekke ASA (OB:VEI) signed a letter of intent to acquire Haugerud Vikeby As.

Veidekke ASA (OB:VEI) completed the acqusition of Constructa Entreprenør AS for NOK 365 million.

No independent directors

Third quarter 2022 earnings released: EPS: kr3.00 (vs kr2.90 in 3Q 2021)

Veidekke ASA Provides Revenue Guidance for the Year 2023

Veidekke ASA to Report Fiscal Year 2022 Results on Mar 27, 2023

Employee Representative Director recently sold kr154k worth of stock

Veidekke ASA (OB:VEI) has signed a letter of intent to acquire to acquire Constructa Entreprenør As for NOK 200 million.

Second quarter 2022 earnings released: EPS: kr1.90 (vs kr2.00 in 2Q 2021)

Veidekke ASA (OB:VEI) has signed a letter of intent to acquire to acquire Constructa Entreprenør As for NOK 200 million.

Veidekke Ordinary Shares Deleted from Other OTC

First quarter 2022 earnings released

Veidekke ASA Announces Dividend

Upcoming dividend of kr7.00 per share

No independent directors

Full year 2021 earnings released: EPS: kr7.10 (vs kr6.24 in FY 2020)

Now 20% undervalued

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

Veidekke ASA Proposes Payment of Cash Dividend for the Financial Year 2021, Payable on 25 May 2022

Now 21% undervalued

Third quarter 2021 earnings released: EPS kr2.90 (vs kr3.36 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr2.00 (vs kr1.89 in 2Q 2020)

Upcoming dividend of kr5.75 per share

Full year 2020 earnings released: EPS kr6.24 (vs kr2.93 in FY 2019)

Stangeland Gruppen AS completed the acquisition of acquire Asphalt and crushed stone operations in Rogaland of Veidekke ASA.

New 90-day high: kr119

Arendal Eiendom KF Awards Veidekke ASA the Contract to Build New Emergency Room in Arendal

Veidekke ASA Signs New Contract in Stockholm's First Massive Wood Residential Block

Veidekke Commissions by Basecamp Student Real Estate to Build 589 Student Apartments in Västra Hamnen, Malmö

Revenue misses expectations

Full year 2020 earnings released: EPS kr6.23 (vs kr3.01 in FY 2019)

Veidekke ASA to Build New Residential Area in Hagastaden, Stockholm

Veidekke Asa to Renovate Vasa Real in Stockholm

New 90-day low: kr105

Stangeland Gruppen AS signed a letter-of-intent to acquire Asphalt and crushed stone operations in Rogaland of Veidekke ASA (OB:VEI).

Veidekke Wins Contract from Bane Nor to Replace the Contact Line Network in the Open Air Section Between Lier and Brakerøya and in Lieråsen Tunnel Between Drammen and Asker

Veidekke ASA to Build the Fosslia Care Centre in Stjørdal

Veidekke and VIVAB Signs an Execution Contract for Construction of Varberg's New Water Tower

Veidekke ASA Signs Contract with Sluppenvegen 23 to Construct the ALO Office Building at Sluppen South in Trondheim

Veidekke ASA to Build Unitech Technology Centre North of Haugesund

Veidekke ASA Announces to Build Vikhemskolan in Staffanstorp, Sweden

New 90-day low: kr105

Market pulls back on stock over the past week

Veidekke ASA (OB:VEI) agreed to acquire remaining 51% stake in Hallingdal Bergboring As from Fjellberg Eiendom As.

Upcoming Dividend of kr22.50 Per Share

New 90-day high: kr128

Veidekke ASA Signs Contract with Steinkjer Kulturbygg AS to Build the New Cultural Centre in Steinkjer in Northern Trøndelag

Revenue beats expectations

Third quarter 2020 earnings released: EPS kr3.36

Veidekke ASA Wins Contract to Build 67 Apartments

New 90-day low: kr113