Concentric Management

Management criteria checks 2/4

Concentric's CEO is Martin Kunz, appointed in Mar 2022, has a tenure of 2.08 years. total yearly compensation is SEK9.26M, comprised of 77.2% salary and 22.8% bonuses, including company stock and options. directly owns 0.035% of the company’s shares, worth SEK2.45M. The average tenure of the management team and the board of directors is 1.9 years and 4 years respectively.

Key information

Martin Kunz

Chief executive officer

kr9.3m

Total compensation

CEO salary percentage	77.2%
CEO tenure	2.1yrs
CEO ownership	0.03%
Management average tenure	1.9yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Martin Kunz's remuneration changed compared to Concentric's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr9m	kr7m	kr417m
Sep 30 2023	n/a	n/a	kr441m
Jun 30 2023	n/a	n/a	kr478m
Mar 31 2023	n/a	n/a	kr492m
Dec 31 2022	kr7m	kr5m	kr501m

Compensation vs Market: Martin's total compensation ($USD847.44K) is below average for companies of similar size in the UK market ($USD1.33M).

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

CEO

Martin Kunz (58 yo)

2.1yrs

Tenure

kr9,261,000

Compensation

Mr. Martin Kunz is President & Chief Executive Officer of Concentric AB (publ) from March 01, 2022. He has been Director at LiqTech International, Inc. since June 26, 2023. He has worked out of multiple co...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Martin Kunz	President & CEO	2.1yrs	kr9.26m	0.035% SEK 2.5m
Marcus Whitehouse	Chief Financial Officer	6.3yrs	no data	0.018% SEK 1.2m
Riccardo Cavallari	VP of Operational Excellence	no data	no data	no data
Jennifer Wilson	Vice President of HR & Sustainability	1.3yrs	no data	no data
John Beadsworth	Interim Senior VP and Head of Europe & Rest of the World	2.6yrs	no data	no data
Brandon Larche	Senior VP & COO of EMP	2.5yrs	no data	0.030% SEK 2.1m
Fernando Palmero	Senior Vice President of Hydraulics Division	1.7yrs	no data	no data
Boris Gavric	Senior Vice President Engines & Thermal Solutions	1.5yrs	no data	no data
Roger Ingemey	Senior Vice President of Hydraulics Division	less than a year	no data	no data

1.9yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 0P4X's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Claes Akesson	Independent Director	14.3yrs	kr550.00k	0.022% SEK 1.5m
Joachim Rosenberg	Independent Director	3yrs	kr375.00k	0.0027% SEK 188.5k
Martin Sköld	Independent Director	14.3yrs	kr375.00k	0.0011% SEK 75.7k
Karin Gunnarsson	Independent Director	5yrs	kr450.00k	0.0067% SEK 471.7k
Frida Sams	Director	no data	no data	no data
Anders Nielsen	Independent Chairman of the Board	7.3yrs	kr1.03m	0.010% SEK 698.8k
Petra Sundstrom	Independent Director	3yrs	kr375.00k	0.00054% SEK 37.8k
Mark Williamson	Director	no data	no data	no data

4.0yrs

Average Tenure

53yo

Average Age

Experienced Board: 0P4X's board of directors are considered experienced (4 years average tenure).

Concentric Management

Management criteria checks 2/4

Key information

Recent management updates

Concentric AB Approves Election of Frida Norrbom Sams and Mark Williamson as Board Members

Concentric AB (Publ) Announces Retirement of Susanna Schneeberger as Board Member

Concentric AB Appoints Dr. Roger Ingemey as Senior Vice President Hydraulics Division, Effective on February 1, 2024

Concentric AB (Publ) Announces Appointment of Nomination Committee

Concentric AB (publ) Announces the Nomination Committee for Its Annual General Meeting 2023

Concentric AB (publ), Annual General Meeting, Apr 18, 2023

Recent updates

Concentric AB Approves Election of Frida Norrbom Sams and Mark Williamson as Board Members

Upcoming dividend of kr4.25 per share

Full year 2023 earnings released: EPS: kr11.01 (vs kr13.20 in FY 2022)

Concentric AB (Publ) Announces Retirement of Susanna Schneeberger as Board Member

Dividend increased to kr4.25

Full year 2023 earnings released: EPS: kr11.01 (vs kr13.20 in FY 2022)

Concentric AB (Publ) Proposes Dividend for the Financial Year 2023

Concentric AB Appoints Dr. Roger Ingemey as Senior Vice President Hydraulics Division, Effective on February 1, 2024

Third quarter 2023 earnings released: EPS: kr2.35 (vs kr3.32 in 3Q 2022)

Concentric AB (Publ) Announces Appointment of Nomination Committee

Concentric AB (publ) to Report Q2, 2024 Results on Jul 31, 2024

Concentric AB (publ) to Report Fiscal Year 2023 Results on Feb 07, 2024

Now 21% undervalued

Now 21% undervalued

Now 20% undervalued

Concentric AB (Publ) Announces Sales Guidance for the Year 2023

Concentric AB (Publ) Provides Sales Guidance for the Year 2023

First quarter 2023 earnings released: EPS: kr3.19 (vs kr3.43 in 1Q 2022)

Upcoming dividend of kr4.00 per share at 1.9% yield

Full year 2022 earnings released: EPS: kr13.20 (vs kr8.92 in FY 2021)

Investor sentiment deteriorates as stock falls 16%

Now 23% undervalued

Full year 2022 earnings released: EPS: kr13.20 (vs kr8.92 in FY 2021)

Concentric AB Provides Sales Guidance for the First Quarter of 2023

Concentric AB (publ) to Report First Half, 2023 Results on Jul 26, 2023

Concentric AB (publ) to Report Q4, 2022 Results on Feb 08, 2023

Third quarter 2022 earnings released: EPS: kr3.32 (vs kr2.40 in 3Q 2021)

Concentric AB (publ) Announces the Nomination Committee for Its Annual General Meeting 2023

Concentric AB (publ), Annual General Meeting, Apr 18, 2023

Concentric AB Appoints Fernando Palmero as Senior Vice President Hydraulics Division

Second quarter 2022 earnings released: EPS: kr3.53 (vs kr2.24 in 2Q 2021)

Concentric AB (Publ) Announces Termination of Jesse Smith as Senior Vice President

Independent Director recently bought kr197k worth of stock

First quarter 2022 earnings released: EPS: kr3.43 (vs kr1.90 in 1Q 2021)

Concentric AB (Publ) Approves Dividend for the Financial Year 2021, Payable on 28 April 2022

Upcoming dividend of kr3.75 per share

Concentric AB (publ) to Report First Half, 2022 Results on Jul 20, 2022

Concentric AB (publ) Intends to Propose A Dividend for the Financial Year 2021

Concentric AB (publ) Decides to Close Facility in Chivilcoy, Argentina

Independent Chairman of the Board recently bought kr413k worth of stock

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Senior VP and Head of Europe & Rest of the World David Bessant has left the company

Second quarter 2021 earnings released: EPS kr2.24 (vs kr0.45 in 2Q 2020)

First quarter 2021 earnings released: EPS kr1.90 (vs kr1.59 in 1Q 2020)

Concentric AB (publ) Provides Sales Guidance for the Second Quarter of 2021

Independent Director has left the company

Independent Director has left the company

Independent Chairman of the Board Kenth Eriksson has left the company

Upcoming dividend of kr3.50 per share

Full year 2020 earnings released: EPS kr5.42 (vs kr8.37 in FY 2019)

Concentric AB (publ) Proposes Dividend for the Financial Year 2020, Payable on April 29, 2021

Major US OEM Awards Concentric AB a New Contract to Supply Electro Hydraulic Steering Pumps for the Next Generation Steering System on Electric Refuse Trucks

New 90-day high: kr196

Full year 2020 earnings released

Revenue beats expectations

Concentric AB (publ) to Report Nine Months, 2021 Results on Nov 03, 2021

Concentric AB (publ) to Report First Half, 2021 Results on Jul 21, 2021

New 90-day high: kr196

Concentric AB Appoints Emma Tamplin as Vice President Group HR

Concentric AB (publ) to Report Q4, 2020 Results on Feb 09, 2021

Concentric AB (publ) (OM:COIC) acquired Allied Enterprises, LLC from John Miller for $11.7 million.

New 90-day high: kr176

Third quarter 2020 earnings released: EPS kr1.06

Revenue misses expectations

New 90-day low: kr146

New 90-day high: kr176

Concentric Announces Nomination Committee Changes

Vice President of Group Human Resources recently sold kr281.6k worth of stock