Magnora Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Erik Sneve
Chief executive officer
NOK 7.3m
Total compensation
| CEO salary percentage | 39.6% |
| CEO tenure | 5yrs |
| CEO ownership | 1.8% |
| Management average tenure | 3.1yrs |
| Board average tenure | 5.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | NOK 7m | NOK 3m | NOK 193m |
| Sep 30 2023 | n/a | n/a | NOK 259m |
| Jun 30 2023 | n/a | n/a | NOK 260m |
| Mar 31 2023 | n/a | n/a | NOK 45m |
| Dec 31 2022 | NOK 5m | NOK 2m | NOK 13m |
| Sep 30 2022 | n/a | n/a | -NOK 71m |
| Jun 30 2022 | n/a | n/a | -NOK 71m |
| Mar 31 2022 | n/a | n/a | -NOK 73m |
| Dec 31 2021 | NOK 5m | NOK 2m | -NOK 63m |
| Sep 30 2021 | n/a | n/a | -NOK 27m |
| Jun 30 2021 | n/a | n/a | -NOK 4m |
| Mar 31 2021 | n/a | n/a | NOK 18m |
| Dec 31 2020 | NOK 5m | NOK 2m | NOK 29m |
| Sep 30 2020 | n/a | n/a | NOK 27m |
| Jun 30 2020 | n/a | n/a | NOK 25m |
| Mar 31 2020 | n/a | n/a | NOK 15m |
| Dec 31 2019 | NOK 2m | NOK 2m | NOK 20m |
Compensation vs Market: Erik's total compensation ($USD672.28K) is about average for companies of similar size in the UK market ($USD711.24K).
Compensation vs Earnings: Erik's compensation has increased by more than 20% in the past year.
CEO
Erik Sneve
5yrs
Tenure
NOK 7,291,000
Compensation
Mr. Erik Sneve serves as Chief Executive Officer of Magnora ASA and served as its Acting Chief Executive Officer since April 16, 2019.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.9yrs | NOK 1.21m | 24.9% NOK 503.4m | |
| Chief Executive Officer | 5yrs | NOK 7.29m | 1.79% NOK 36.1m | |
| Chief Financial Officer | 4.6yrs | NOK 3.38m | 0.11% NOK 2.3m | |
| Chief Executive Officer of Magnora Offshore Wind | 3.1yrs | no data | 0.17% NOK 3.4m | |
| Business Controller | 1.3yrs | no data | 0.0068% NOK 137.5k | |
| Senior Vice President of Business Development | 2.5yrs | no data | 0.011% NOK 215.3k |
3.1yrs
Average Tenure
Experienced Management: MGNO's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.9yrs | NOK 1.21m | 24.9% NOK 503.4m | |
| Director | 5.3yrs | NOK 370.00k | 0.051% NOK 1.0m | |
| Director | 5.9yrs | NOK 310.00k | 0.059% NOK 1.2m |
5.9yrs
Average Tenure
58yo
Average Age
Experienced Board: MGNO's board of directors are considered experienced (5.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/01 15:20 |
| End of Day Share Price | 2024/01/03 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Magnora ASA is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John A. Olaisen | ABG Sundal Collier |
| Erik Tønne | Arctic Securities ASA |
| Chr. Frederik Lunde | Carnegie Investment Bank AB |