NIBE Industrier Management

Management criteria checks 3/4

NIBE Industrier's CEO is Gerteric Lindquist, appointed in Jan 1989, has a tenure of 35.83 years. total yearly compensation is SEK9.97M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 4.6% of the company’s shares, worth SEK4.29B. The average tenure of the management team and the board of directors is 6.9 years and 2.5 years respectively.

Key information

Gerteric Lindquist

Chief executive officer

SEK 10.0m

Total compensation

CEO salary percentage	100.0%
CEO tenure	35.8yrs
CEO ownership	4.6%
Management average tenure	6.9yrs
Board average tenure	2.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gerteric Lindquist's remuneration changed compared to NIBE Industrier's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	SEK 776m
Jun 30 2024	n/a	n/a	SEK 2b
Mar 31 2024	n/a	n/a	SEK 3b
Dec 31 2023	SEK 10m	SEK 10m	SEK 5b
Sep 30 2023	n/a	n/a	SEK 5b
Jun 30 2023	n/a	n/a	SEK 5b
Mar 31 2023	n/a	n/a	SEK 5b
Dec 31 2022	SEK 9m	SEK 9m	SEK 4b
Sep 30 2022	n/a	n/a	SEK 4b
Jun 30 2022	n/a	n/a	SEK 4b
Mar 31 2022	n/a	n/a	SEK 3b
Dec 31 2021	SEK 8m	SEK 8m	SEK 3b
Sep 30 2021	n/a	n/a	SEK 4b
Jun 30 2021	n/a	n/a	SEK 3b
Mar 31 2021	n/a	n/a	SEK 3b
Dec 31 2020	SEK 8m	SEK 8m	SEK 3b
Sep 30 2020	n/a	n/a	SEK 2b
Jun 30 2020	n/a	n/a	SEK 2b
Mar 31 2020	n/a	n/a	SEK 2b
Dec 31 2019	SEK 7m	SEK 7m	SEK 2b
Sep 30 2019	n/a	n/a	SEK 2b
Jun 30 2019	n/a	n/a	SEK 2b
Mar 31 2019	n/a	n/a	SEK 2b
Dec 31 2018	SEK 6m	SEK 6m	SEK 2b
Sep 30 2018	n/a	n/a	SEK 2b
Jun 30 2018	n/a	n/a	SEK 2b
Mar 31 2018	n/a	n/a	SEK 2b
Dec 31 2017	SEK 5m	SEK 5m	SEK 2b

Compensation vs Market: Gerteric's total compensation ($USD906.15K) is below average for companies of similar size in the UK market ($USD3.22M).

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

CEO

Gerteric Lindquist (73 yo)

35.8yrs

Tenure

SEK 9,966,000

Compensation

Mr. Gerteric Lindquist serves as the Chief Executive Officer since 1989 and Managing Director of NIBE Industrier AB (publ) and served as its President. Mr. Lindquist also serves as the Chief Executive Offi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gerteric Lindquist	CEO, MD & Director	35.8yrs	SEK 9.97m	4.6% SEK 4.3b
Hans Backman	Chief Financial Officer	13yrs	no data	0.013% SEK 12.0m
Fredrik Erlandsson	Head of Corporate Communications & Investor Relations	less than a year	no data	no data
Niklas Gunnarsson	Head of Business Area - NIBE Stoves	no data	no data	0.097% SEK 90.7m
Christer Fredriksson	Head of Business Area - NIBE Element	no data	no data	0.91% SEK 848.6m
Kenneth Magnusson	Chief Sustainability Officer	no data	no data	no data
Simon Karlin	Head of business NIBE Climate Solutions	less than a year	no data	no data

6.9yrs

Average Tenure

58.5yo

Average Age

Experienced Management: 0RH0's management team is seasoned and experienced (6.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gerteric Lindquist	CEO, MD & Director	35.8yrs	SEK 9.97m	4.6% SEK 4.3b
Anders Palsson	Independent Director	14.5yrs	SEK 500.00k	0.0045% SEK 4.2m
Hans Linnarson	Independent Chairman	18.8yrs	SEK 1.00m	0.00047% SEK 438.3k
Eva Karlsson	Independent Director	2.5yrs	SEK 500.00k	0.00040% SEK 373.1k
James Ahrgren	Independent Director	less than a year	no data	no data
Camilla Ekdahl	Independent Director	less than a year	no data	no data
Eva Thunholm	Independent Director	2.5yrs	SEK 500.00k	no data
James Ahgren	Director	less than a year	no data	no data

2.5yrs

Average Tenure

58yo

Average Age

Experienced Board: 0RH0's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.

NIBE Industrier Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

NIBE Industrier AB (publ) Announces Director of Board, Georg Brunstam Passes Away

Insider recently bought kr370k worth of stock

Insider recently sold kr8.2m worth of stock

Insider recently bought kr999k worth of stock

NIBE Industrier AB (publ) Elects Eva Karlsson and Eva Thunholm as Members of the Board

Recent updates

Third quarter 2024 earnings released: EPS: kr0.22 (vs kr0.60 in 3Q 2023)

NIBE Industrier AB (publ) to Report Fiscal Year 2024 Results on Feb 14, 2025

NIBE Industrier AB (publ) to Report Q2, 2025 Results on Aug 15, 2025

Second quarter 2024 earnings released: EPS: kr0.11 (vs kr0.65 in 2Q 2023)

Investor sentiment improves as stock rises 16%

High number of new directors

Now 30% undervalued after recent price drop

Now 21% undervalued after recent price drop

NIBE Industrier AB (publ) Approves Dividend

Nibe Industrier AB (Publ) Proposes Dividend for the Financial Year 2023, Payable on 23 May 2024

NIBE Industrier AB (publ) to Report Q3, 2024 Results on Nov 15, 2024

Dividend of kr0.65 announced

NIBE Industrier AB (publ) to Report Fiscal Year 2023 Final Results on Apr 15, 2024

Full year 2023 earnings released: EPS: kr2.39 (vs kr2.16 in FY 2022)

NIBE Industrier AB (publ) Proposes Dividend

NIBE Industrier AB (publ) Proposes Dividend

Investor sentiment improves as stock rises 15%

NIBE Industrier AB (publ) (OM:NIBE B) acquired 70% stake in LS Control A/S.

Third quarter 2023 earnings released: EPS: kr0.60 (vs kr0.55 in 3Q 2022)

NIBE Industrier AB (publ) to Report Q1, 2024 Results on May 16, 2024

NIBE Industrier AB (publ) to Report Q4, 2023 Results on Feb 16, 2024

NIBE Industrier AB (publ) Announces Director of Board, Georg Brunstam Passes Away

Second quarter 2023 earnings released

NIBE Industrier AB (publ) (OM:NIBE B) acquired 83% stake in Solzaima - Equipamentos para Energias Renováveis, S.A.

NIBE Industrier AB (publ) (OM:NIBE B) signed an agreement to acquire CFL Holding BV from Parcom Capital Management B.V., Smile Invest NV and other shareholders for enterprise value €640 million.

NIBE Industrier AB (publ) Approves Dividend, Payable on May 19, 2023

First quarter 2023 earnings released

Upcoming dividend of kr0.65 per share at 0.6% yield

Full year 2022 earnings released: EPS: kr2.16 (vs kr1.65 in FY 2021)

Insider recently bought kr370k worth of stock

Full year 2022 earnings released: EPS: kr2.16 (vs kr1.65 in FY 2021)

NIBE Industrier AB (Publ) Proposes Dividend for the Year 2022

NIBE Industrier AB (publ) (OM:NIBE B) acquired 65% stake in Miles Industries Ltd from Martin Miles and Paul Miles.

NIBE Industrier AB (publ) (OM:NIBE B) acquired remaining 40% stake in Briskheat Corporation.

Insider recently sold kr8.2m worth of stock

Third quarter 2022 earnings released

Investor sentiment deteriorated over the past week

NIBE Industrier AB (publ) (OM:NIBE B) acquired ELMESS-Klöpper Group.

Second quarter 2022 earnings released

NIBE Industrier AB (publ) to Report Fiscal Year 2022 Results on Feb 15, 2023

NIBE Industrier AB (publ) (OM:NIBE B) agreed to acquire 41% stake in Pacific Energy Fireplace Products Ltd.

Insider recently bought kr999k worth of stock

Now 15% undervalued after recent price drop

Investor sentiment deteriorated over the past week

NIBE Industrier AB signed an agreement to acquire 50% of the shares in Argoclima S.p.A. on May 31, 2022.

NIBE Industrier AB (publ) Elects Eva Karlsson and Eva Thunholm as Members of the Board

First quarter 2022 earnings released: EPS: kr0.33 (vs kr0.31 in 1Q 2021)

Upcoming dividend of kr0.50 per share

Full year 2021 earnings released: EPS: kr1.65 (vs kr1.42 in FY 2020)

NIBE Industrier AB (publ) Proposes Dividend for the Financial Year 2021, Payable on 24 May 2022

Chief Financial Officer recently bought kr338k worth of stock

Investor sentiment improved over the past week

Chief Financial Officer recently bought kr5.0m worth of stock

Insider recently bought kr2.0m worth of stock

Full year 2021 earnings: Revenues in line with analyst expectations

NIBE Industrier AB (publ) Proposes Dividend for the Year 2021

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released

NIBE Industrier AB (publ) (OM:NIBE B) signed an agreement to acquire 50% stake in Go Geothermal Ltd.

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

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released

NIBE Industrier AB (publ) Approves Dividend

NIBE Industrier AB (publ) (OM:NIBE B) acquired Heat Trace Holdings Limited.

Upcoming dividend of kr1.55 per share

Full year 2020 earnings released: EPS kr5.69 (vs kr4.31 in FY 2019)

Insider recently bought kr778k worth of stock

Full year 2020 earnings released