Veidekke Management

Management criteria checks 4/4

Veidekke's CEO is Jimmy Bengtsson, appointed in Sep 2019, has a tenure of 5.17 years. total yearly compensation is NOK6.62M, comprised of 71.1% salary and 28.9% bonuses, including company stock and options. directly owns 0.056% of the company’s shares, worth NOK10.26M. The average tenure of the management team and the board of directors is 4.5 years and 4.5 years respectively.

Key information

Jimmy Bengtsson

Chief executive officer

NOK 6.6m

Total compensation

CEO salary percentage	71.1%
CEO tenure	5.2yrs
CEO ownership	0.06%
Management average tenure	4.5yrs
Board average tenure	4.5yrs

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
Sep 30 2024	n/a	n/a	NOK 1b
Jun 30 2024	n/a	n/a	NOK 1b
Mar 31 2024	n/a	n/a	NOK 1b
Dec 31 2023	NOK 7m	NOK 5m	NOK 1b
Sep 30 2023	n/a	n/a	NOK 1b
Jun 30 2023	n/a	n/a	NOK 1b
Mar 31 2023	n/a	n/a	NOK 1b
Dec 31 2022	NOK 6m	NOK 4m	NOK 1b
Sep 30 2022	n/a	n/a	NOK 905m
Jun 30 2022	n/a	n/a	NOK 889m
Mar 31 2022	n/a	n/a	NOK 904m
Dec 31 2021	NOK 6m	NOK 4m	NOK 958m
Sep 30 2021	n/a	n/a	NOK 931m
Jun 30 2021	n/a	n/a	NOK 997m
Mar 31 2021	n/a	n/a	NOK 985m
Dec 31 2020	NOK 4m	NOK 4m	NOK 842m
Sep 30 2020	n/a	n/a	NOK 467m
Jun 30 2020	n/a	n/a	NOK 348m
Mar 31 2020	n/a	n/a	NOK 352m
Dec 31 2019	NOK 4m	NOK 4m	NOK 392m
Sep 30 2019	n/a	n/a	NOK 384m
Jun 30 2019	n/a	n/a	NOK 484m
Mar 31 2019	n/a	n/a	NOK 82m
Jan 01 2019	n/a	n/a	NOK 119m
Sep 30 2018	n/a	n/a	NOK 700m
Jun 30 2018	n/a	n/a	NOK 670m
Mar 31 2018	n/a	n/a	NOK 1b
Dec 31 2017	NOK 4m	NOK 3m	NOK 1b

Compensation vs Market: Jimmy's total compensation ($USD597.82K) is below average for companies of similar size in the UK market ($USD2.14M).

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

CEO

Jimmy Bengtsson (58 yo)

5.2yrs

Tenure

NOK 6,622,000

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	5.2yrs	NOK 6.62m	0.056% NOK 10.3m
Jørgen Porsmyr	Executive VP & CFO	4.3yrs	NOK 4.25m	0.097% NOK 17.7m
Kristina Andreasson	Executive Vice President of Communications & Branding	4.2yrs	NOK 2.80m	0.014% NOK 2.6m
Anne Thorbjørnsen	Executive VP for HR and Occupational Health & Safety	6.1yrs	NOK 3.10m	0.033% NOK 5.9m
Torben Nielsen	Head of Operations in Denmark	no data	NOK 800.00k	0.078% NOK 14.3m
Terje Larsen	Executive Vice President of Risk Management & IT	4.3yrs	NOK 3.74m	0.087% NOK 15.8m
Lars Lund	Executive Vice President of Strategy & Sustainability	4.8yrs	NOK 3.39m	0.014% NOK 2.6m
Hans Sørlie	Executive Vice President of Veidekke Construction Norway	6.3yrs	NOK 4.00m	0.062% NOK 11.3m
Øivind Larsen	Executive Vice President of Veidekke Infrastructure - Norway	6.4yrs	NOK 4.35m	0.027% NOK 5.0m
Marcus Nilsson	Executive Vice President of Veidekke Infrastructure Sweden	3.8yrs	NOK 3.31m	0.027% NOK 4.9m
Martin Gadd	Executive VP of Veidekke Construction Sweden	less than a year	no data	no data

4.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 0GF6's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Per-Ingemar Persson	Independent Director	4.5yrs	NOK 458.00k	0.041% NOK 7.5m
Gro Bakstad	Independent Chairman of the Board	14.8yrs	NOK 717.00k	0.011% NOK 2.1m
Carola Laven	Independent Director	3.5yrs	NOK 370.00k	no data
Hanne Rønneberg	Independent Director	4.5yrs	NOK 445.00k	0.0020% NOK 364.1k
Inge Ramsdal	Employee Representative Director	16.8yrs	NOK 370.00k	0.0067% NOK 1.2m
Arve Fludal	Employee Representative Director	9.5yrs	NOK 370.00k	0.0049% NOK 883.0k
Nils Bohler	Director	1.5yrs	no data	no data
Pal Eitrheim	Independent Director	2.5yrs	no data	no data
Knut Opheim	Employee Representative Director	less than a year	no data	no data

4.5yrs

Average Tenure

60yo

Average Age

Experienced Board: 0GF6's board of directors are considered experienced (4.5 years average tenure).

Veidekke Management

Management criteria checks 4/4

Key information

Recent management updates

Veidekke Group Announces Management Changes

Veidekke ASA, Annual General Meeting, May 07, 2025

Insider recently sold kr1.9m worth of stock

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

Recent updates

Third quarter 2024 earnings released: EPS: kr3.40 (vs kr3.30 in 3Q 2023)

Veidekke Group Announces Management Changes

Veidekke ASA, Annual General Meeting, May 07, 2025

Veidekke ASA to Report First Half, 2025 Results on Aug 14, 2025

Veidekke ASA to Report Q3, 2025 Results on Nov 06, 2025

Insider recently sold kr1.9m worth of stock

Second quarter 2024 earnings released: EPS: kr2.70 (vs kr2.00 in 2Q 2023)

Now 20% undervalued

Now 21% undervalued after recent price drop

Now 21% undervalued

First quarter 2024 earnings released: EPS: kr0.10 (vs kr0.85 loss in 1Q 2023)

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