NNIT Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Par Fors

Chief executive officer

kr.7.8m

Total compensation

CEO salary percentage	62.2%
CEO tenure	2.8yrs
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Par Fors's remuneration changed compared to NNIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	kr.6m
Sep 30 2023	n/a	n/a	-kr.133m
Jun 30 2023	n/a	n/a	-kr.175m
Mar 31 2023	n/a	n/a	-kr.241m
Dec 31 2022	kr.8m	kr.5m	-kr.258m
Sep 30 2022	n/a	n/a	-kr.304m
Jun 30 2022	n/a	n/a	-kr.292m
Mar 31 2022	n/a	n/a	-kr.71m
Dec 31 2021	kr.6m	kr.3m	-kr.175m

Compensation vs Market: Par's total compensation ($USD1.12M) is about average for companies of similar size in the UK market ($USD1.04M).

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

CEO

Par Fors (57 yo)

2.8yrs

Tenure

kr.7,831,000

Compensation

Mr. Par Fors serves as President and Chief Executive Officer at NNIT A/S since joined on June 16, 2021 and served as its Interim Senior VP of Hybrid Cloud Solutions since April 2022 until 2022. He served a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Par Fors	President & CEO	2.8yrs	kr.7.83m	no data
Carsten Ringius	Executive VP & CFO	1.3yrs	kr.2.47m	no data
Lars Petersen	Senior Vice President of Communications	1.3yrs	no data	no data
Signe Nelsson	Senior VP & Head of Human Resources	1.3yrs	no data	no data
Ricco Larsen	Senior VP	7.3yrs	no data	no data
Kasper Andersen	Senior VP & Head of Region Denmark	3.3yrs	no data	no data
Jason Xing	Senior VP & Head of Region Asia	1.3yrs	no data	no data
Greg Cathcart	Senior VP & Head of Region US	less than a year	no data	no data

1.3yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 0R5Z's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Eivind Kolding	Independent Deputy Chairman	9.1yrs	kr.550.00k	no data
Carsten Dilling	Independent Chairman	8.3yrs	kr.950.00k	no data
Christian Kanstrup	Director	6.1yrs	kr.425.00k	no data
Caroline Serfass	Independent Director	6.1yrs	kr.374.00k	no data
Nigel Govett	Director	2.1yrs	kr.375.00k	no data
Dorte Pedersen	Employee Representative Director	1.1yrs	no data	no data
Kim Hoyer	Employee Representative Director	1.1yrs	no data	no data
Frederik Willumsen	Employee Representative Director	less than a year	no data	no data
Annette Pedersen	Employee Representative Substitute Director	no data	no data	no data
Ingelise Melchiorsen	Employee Representative Substitute Director	no data	no data	no data
Jan Winther	Independent Director	less than a year	no data	no data
Daniel Fittussy	Employee Representative Substitute Director	no data	no data	no data

2.1yrs

Average Tenure

53yo

Average Age

Experienced Board: 0R5Z's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

NNIT Management

Management criteria checks 2/4

Key information

Recent management updates

NNIT A/S Appoints Christian Kanstrup as Member of Board of Directors and Announces Composition of Board of Directors and Board Committees

NNIT A/S Announces Change in Board of Directors

Less than half of directors are independent

NNIT A/S Announces CFO Changes, Effective December 1, 2022

NNIT A/S Announces Changes in Board of Directors

Less than half of directors are independent

Recent updates

NNIT A/S Appoints Christian Kanstrup as Member of Board of Directors and Announces Composition of Board of Directors and Board Committees

NNIT A/S Announces Change in Board of Directors

NNIT A/S to Report Fiscal Year 2023 Results on Feb 19, 2024

NNIT A/S Provides Earnings Guidance for the Year of 2023

First half 2023 earnings released: kr.1.33 loss per share (vs kr.3.23 loss in 1H 2022)

NNIT A/S Revises Earnings Guidance for the Year 2023

NNIT A/S Provides Earnings Guidance for the Full Year of 2023

Full year 2022 earnings released: kr.10.39 loss per share (vs kr.7.06 loss in FY 2021)

Less than half of directors are independent

The Danish Business Authority Issues a Decision Requiring NNIT to Update its Accounting Treatment of Earn-Out Payments in the Annual Reports for 2020 and 2021

NNIT A/S Maintains Temporary Suspension of its 2022 Outlook

NNIT A/S to Report Fiscal Year 2022 Results on Feb 01, 2023

NNIT A/S Announces CFO Changes, Effective December 1, 2022

NNIT A/S Maintains Temporary Suspension of its 2022 Outlook

Fund of Agilitas Private Equity Services Limited entered into an agreement to acquire IT infrastructure outsourcing business of NNIT from NNIT A/S (CPSE:NNIT) for DKK 1.5 Billion.

Nnit A/S Suspends Guidance for the Year 2022

NNIT A/S Announces Changes in Board of Directors

First quarter 2022 earnings released: kr.1.31 loss per share (vs kr.1.25 profit in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings: Revenues miss analyst expectations

NNIT A/S Provides Revenue Guidance for the Full Year of 2022

Now 23% undervalued after recent price drop

Third quarter 2021 earnings released: EPS kr.0.03 (vs kr.0.35 in 3Q 2020)

Second quarter 2021 earnings released: kr.1.22 loss per share (vs kr.0.57 profit in 2Q 2020)

NNIT A/S (CPSE:NNIT) acquired SL Controls Ltd. for €16.9 million.

NNIT A/S Updates Revenue Guidance for the Full Year of 2021

First quarter 2021 earnings released: EPS kr.1.25 (vs kr.1.43 in 1Q 2020)

NNIT A/S Provides Revenue Guidance for the Full Year of 2021

NNIT A/S Approves Dividend for the Year 2020

New 90-day low: kr.105

Full year 2020 earnings released: EPS kr.3.07 (vs kr.7.44 in FY 2019)

Revenue beats expectations

New 90-day low: kr.106

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

NNIT A/S to Report Q1, 2021 Results on May 07, 2021

NNIT A/S to Report Fiscal Year 2020 Results on Jan 29, 2021

New 90-day low: kr.115

New 90-day high - kr.133

New 90-day high - ø122

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age