NKT Management

Management criteria checks 2/4

NKT's CEO is Claes Westerlind, appointed in May 2023, has a tenure of 1.5 years. total yearly compensation is €1.21M, comprised of 39.9% salary and 60.1% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth DKK1.99M. The average tenure of the management team and the board of directors is 3.3 years and 2.7 years respectively.

Key information

Claes Westerlind

Chief executive officer

€1.2m

Total compensation

CEO salary percentage	39.9%
CEO tenure	1.5yrs
CEO ownership	0.007%
Management average tenure	3.3yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Claes Westerlind's remuneration changed compared to NKT's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€200m
Jun 30 2024	n/a	n/a	€166m
Mar 31 2024	n/a	n/a	€126m
Dec 31 2023	€1m	€484k	€108m

Compensation vs Market: Claes's total compensation ($USD1.28M) is below average for companies of similar size in the UK market ($USD2.63M).

Compensation vs Earnings: Insufficient data to compare Claes's compensation with company performance.

CEO

Claes Westerlind (42 yo)

1.5yrs

Tenure

€1,213,300

Compensation

Mr. Claes Westerlind served as Executive Vice President and Head of HV Solutions Karlskrona at NKT A/S until May 09, 2023 and serves as its President & Chief Executive Officer since May 09, 2023. Mr. Weste...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Claes Westerlind	President & CEO	1.5yrs	€1.21m	0.0066% DKK 2.0m
Line Fandrup	Executive VP & CFO	4.3yrs	€1.23m	0.0090% DKK 2.7m
Will Hendrikx	COO & Deputy CEO	no data	no data	no data
Anders Jensen	Executive VP & CTO	6.8yrs	no data	no data
Michael Nielsen	Head of Investor Relations	no data	no data	no data
Mark Nielsen	Chief Legal Officer	no data	no data	no data
Louise Naldal	Head of Group Communications	no data	no data	no data
Kira Johnson	Executive VP & Chief HR Officer	3.8yrs	no data	no data
Michael Hjorth	Chief Commercial Officer	no data	no data	no data
Axel Widmark	Executive VP & Head of Service	no data	no data	no data
Denis Schuler	Executive VP & Head of Accessories	1.8yrs	no data	no data
Lukas Sidler	Executive VP & Head of HV Solutions Cologne	2.8yrs	no data	no data

3.3yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 0MGC's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jens Peter Olsen	Chairman of the Board	18.8yrs	€151.00k	0.097% DKK 29.1m
Rene Svendsen-Tune	Independent Deputy Chairman	8.6yrs	€131.00k	0.012% DKK 3.7m
Andreas Nauen	Independent Director	7.1yrs	€109.00k	no data
Karla Lindahl	Independent Director	4.4yrs	€67.00k	no data
Nebahat Albayrak	Independent Director	2.7yrs	€76.00k	no data
Pernille Simonsen	Employee Representative Director	2.7yrs	€50.00k	no data
Anne Vedel	Independent Director	1.7yrs	€51.00k	no data
Jean Iversen	Director	less than a year	no data	no data
Akos Frank	Director	less than a year	no data	no data

2.7yrs

Average Tenure

56yo

Average Age

Experienced Board: 0MGC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

NKT Management

Management criteria checks 2/4

Key information

Recent management updates

NKT A/S, Annual General Meeting, Mar 19, 2025

High number of new directors

Executive VP & CFO recently sold kr.2.1m worth of stock

Executive VP & CFO recently sold kr.696k worth of stock

NKT A/S, Annual General Meeting, Mar 20, 2024

Chairman of the Board recently bought kr.1.2m worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: €1.02 (vs €0.39 in 3Q 2023)

NKT A/S, Annual General Meeting, Mar 19, 2025

New minor risk - Insider selling

NKT A/S to Report Fiscal Year 2024 Results on Feb 21, 2025

High number of new directors

Executive VP & CFO recently sold kr.2.1m worth of stock

Second quarter 2024 earnings released: EPS: €1.38 (vs €0.76 in 2Q 2023)

NKT A/S Updates Financial Guidance for the Full Year 2024

NKT A/S (CPSE:NKT) acquired SolidAl - Condutores Eléctricos, S.A from Njord Partners LLP for total enterprise value of approximately €190 million.

Photonics Management Europe SRL completed the acquisition of NKT Photonics A/S from NKT A/S (CPSE:NKT) for approximately €250 million.

NKT A/S Reaffirms Financial Guidance for the 2024

First quarter 2024 earnings released: EPS: €0.85 (vs €0.62 in 1Q 2023)

Full year 2023 earnings released: EPS: €2.15 (vs €1.12 in FY 2022)

NKT A/S Provides Revenue Guidance for the 2024

Executive VP & CFO recently sold kr.696k worth of stock

Third quarter 2023 earnings released: EPS: €0.39 (vs €0.37 in 3Q 2022)

NKT A/S, Annual General Meeting, Mar 20, 2024

NKT A/S Revises Earnings Guidance for the Year 2023

NKT A/S Provides Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: €0.74 (vs €0.28 in 2Q 2022)

New minor risk - Shareholder dilution

Chairman of the Board recently bought kr.1.2m worth of stock

NKT A/S Provides Revenue Guidance for the Full Year of 2023

First quarter 2023 earnings released: EPS: €0.64 (vs €0.23 in 1Q 2022)

NKT A/S Announces Executive Changes

Investor sentiment deteriorates as stock falls 21%

Full year 2022 earnings released

Third quarter 2022 earnings released: EPS: €0.37 (vs €0.051 loss in 3Q 2021)

NKT A/S to Report Q3, 2023 Results on Nov 08, 2023

Less than half of directors are independent

NKT A/S, Annual General Meeting, Mar 23, 2023

Nkt A/S Maintains Guidance for the Year 2022

Second quarter 2022 earnings released: EPS: €0.28 (vs €0.30 in 2Q 2021)

NKT A/S Provides Revenue Guidance for the Fiscal Year 2022

Hamamatsu Photonics K.K. (TSE:6965) entered into a share purchase agreement to acquire NKT Photonics A/S from NKT A/S (CPSE:NKT) for €205 million.

First quarter 2022 earnings released: EPS: €0.30 (vs €0.007 loss in 1Q 2021)

NKT A/S Provides Earnings Guidance for the Year 2022

Less than half of directors are independent

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

NKT A/S Provides Revenue Guidance for the Year 2022

Forecast breakeven date pushed back to 2022

Third quarter 2021 earnings released: EPS €0.10 (vs €0.30 loss in 3Q 2020)

Forecast to breakeven in 2022

Second quarter 2021 earnings released: EPS €0.30 (vs €0.40 loss in 2Q 2020)

First quarter 2021 earnings released

NKT A/S Reaffirms Earnings Guidance for the Year 2021

Full year 2020 earnings released: €2.70 loss per share (vs €3.10 loss in FY 2019)

Revenue beats expectations

New 90-day high: kr.282

New 90-day high: kr.232

NKT A/S Announces Board Changes, Effective December 31, 2020

Revenue beats expectations

Third quarter 2020 earnings released: €0.30 loss per share

New 90-day low: kr.171

NKT A/S to Report Q3, 2021 Results on Nov 17, 2021

New 90-day high: kr.209

New 90-day high - kr.203

Earnings released

New 90-day high - kr.188

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age