Alm. Brand Management

Management criteria checks 4/4

Alm. Brand's CEO is Rasmus Nielsen, appointed in Oct 2019, has a tenure of 4.58 years. total yearly compensation is DKK12.00M, comprised of 81.7% salary and 18.3% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth DKK5.08M. The average tenure of the management team and the board of directors is 4.6 years and 5 years respectively.

Key information

Rasmus Nielsen

Chief executive officer

kr.12.0m

Total compensation

CEO salary percentage	81.7%
CEO tenure	4.6yrs
CEO ownership	0.03%
Management average tenure	4.6yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rasmus Nielsen's remuneration changed compared to Alm. Brand's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr.695m
Dec 31 2023	n/a	n/a	kr.587m
Sep 30 2023	n/a	n/a	kr.601m
Jun 30 2023	n/a	n/a	kr.536m
Mar 31 2023	n/a	n/a	kr.104m
Dec 31 2022	kr.12m	kr.10m	-kr.177m
Sep 30 2022	n/a	n/a	-kr.140m
Jun 30 2022	n/a	n/a	-kr.115m
Mar 31 2022	n/a	n/a	kr.239m
Dec 31 2021	kr.11m	kr.9m	kr.506m
Sep 30 2021	n/a	n/a	kr.486m
Jun 30 2021	n/a	n/a	kr.568m
Mar 31 2021	n/a	n/a	kr.610m
Dec 31 2020	kr.8m	kr.7m	kr.561m
Sep 30 2020	n/a	n/a	kr.465m
Jun 30 2020	n/a	n/a	kr.407m
Mar 31 2020	n/a	n/a	kr.322m
Dec 31 2019	kr.1m	kr.1m	kr.467m

Compensation vs Market: Rasmus's total compensation ($USD1.73M) is below average for companies of similar size in the UK market ($USD2.54M).

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

CEO

Rasmus Nielsen (54 yo)

4.6yrs

Tenure

kr.11,999,371

Compensation

Mr. Rasmus Werner Nielsen serves as Chairman of the Board for Codan Forsikring A/S since 2022. He serves as Group CEO, EVP of Staff Functions at Alm. Brand A/S since October 1, 2022.He serves as Chief Exe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rasmus Nielsen	Group CEO	4.6yrs	kr.12.00m	0.026% DKK 5.1m
Anne Toftegaard	Deputy CEO & Member of Management Board	2.3yrs	kr.2.98m	no data
Andreas Madsen	Chief Financial Officer	4.6yrs	no data	no data
Thorsten Larsen	Chief Investment Officer	less than a year	no data	no data
Mads Thinggaard	Head of Investor Relations	no data	no data	no data
Tue Christensen	Director & Senior VP of Group Legal	7.3yrs	no data	no data
Kristjan Jorgensen	Chief Press & Communication Officer	2.3yrs	no data	no data
Henrik Gundorph	Senior Vice President of Human Resources	2.3yrs	no data	no data
Peter Flemmer	Senior Vice President of Non-life Insurance - Commercial	4.9yrs	no data	no data
Pia Steffensen	Senior Vice President of Non-life Insurance - Private	4.9yrs	no data	no data
Laury Kristoffersen	Senior Vice President of Digital Development Programme	no data	no data	no data
Jacques Skovgaard-Sørensen	Senior Vice President of Banking - Financial markets	4.9yrs	no data	no data

4.6yrs

Average Tenure

53yo

Average Age

Experienced Management: 0DJI's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Niels Kofoed	Alternate Director	2.1yrs	no data	no data
Jorgen Mikkelsen	Chairman of the Board	29.8yrs	kr.1.36m	no data
Boris Kjeldsen	Director	21.1yrs	kr.426.67k	no data
Jais Valeur	Independent Director	1.1yrs	no data	no data
Anette Eberhard	Independent Director	9.1yrs	kr.653.33k	no data
Jan Pedersen	Deputy Chairman of the Board	14.1yrs	kr.1.02m	no data
Brian Egested	Employee Representative Director	10.1yrs	kr.383.33k	no data
Tina Madsen	Director	2.8yrs	kr.426.67k	no data
Pia Laub	Independent Director	3.8yrs	kr.566.67k	no data
Claus Jensen	Employee Representative Director	6.2yrs	kr.360.00k	no data
Lotte Sorensen	Employee Representative Director	3.6yrs	kr.360.00k	no data
Henriette Pedersen	Employee Representative Director	2.1yrs	kr.244.00k	no data

5.0yrs

Average Tenure

59yo

Average Age

Experienced Board: 0DJI's board of directors are considered experienced (5 years average tenure).

Alm. Brand Management

Management criteria checks 4/4

Key information

Recent management updates

Alm. Brand A/S Announces Resignation of Jørn Pedersen as Member of the Board of Directors, Effective February 1, 2024

Group CEO recently sold kr.251k worth of stock

No independent directors

Alm. Brand A/S Announces Executive Changes

No independent directors

Alm. Brand A/S Appoints Anne Mette Toftegaard as Deputy CEO and on the Management Board

Recent updates

First quarter 2024 earnings released: EPS: kr.0.10 (vs kr.0.058 in 1Q 2023)

Alm. Brand A/S Approves Dividend for the Year 2023

Upcoming dividend of kr.0.55 per share

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: kr.0.38 (vs kr.0.029 loss in FY 2022)

Dividend increased to kr.0.55

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: kr.0.40 (vs kr.0.025 loss in FY 2022)

Alm. Brand A/S Recommends Dividend for the Year 2023

Alm. Brand A/S Announces Resignation of Jørn Pedersen as Member of the Board of Directors, Effective February 1, 2024

Alm. Brand A/S Provides Earnings Guidance for the Year 2024

New minor risk - Earnings quality

Alm. Brand Provides Consolidated Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: kr.0.10 (vs kr.0.076 in 3Q 2022)

Alm. Brand A/S to Report Q1, 2024 Results on May 02, 2024

Second quarter 2023 earnings released: EPS: kr.0.20 (vs kr.0.097 loss in 2Q 2022)

Alm. Brand Group Upgrades Guidance for the Full-Year 2023

Now 24% undervalued after recent price drop

Upcoming dividend of kr.0.30 per share at 2.4% yield

Now 21% undervalued

Group CEO recently sold kr.251k worth of stock

Alm. Brand A/S Recommends Dividend for the Year 2022

Alm. Brand A/S to Report Q1, 2023 Results on May 11, 2023

Third quarter 2022 earnings released: EPS: kr.0.076 (vs kr.0.66 in 3Q 2021)

No independent directors

Third quarter 2022 earnings released

Alm. Brand A/S Provides Earnings Guidance for 2022

Second quarter 2022 earnings released: kr.0.097 loss per share (vs kr.1.08 profit in 2Q 2021)

Alm. Brand A/S to Report Fiscal Year 2022 Final Results on Mar 02, 2023

First quarter 2022 earnings released: kr.0.086 loss per share (vs kr.0.68 profit in 1Q 2021)

Alm. Brand A/S Announces Executive Changes

Alm. Brand A/S Adopts the Resolution to Pay Dividend

No independent directors

Upcoming dividend of kr.0.30 per share

Alm. Brand A/S Appoints Anne Mette Toftegaard as Deputy CEO and on the Management Board

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Alm. Brand A/S Recommends Ordinary Dividend

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS kr.0.53 (vs kr.1.53 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr.1.20 (vs kr.1.64 in 2Q 2020)

Director Flemming Jørgensen has left the company

Investor sentiment deteriorated over the past week

Alm. Brand A/S Raises Earnings Guidance for the Full Year 2021

First quarter 2021 earnings released: EPS kr.0.70 (vs kr.0.16 in 1Q 2020)

Alm. Brand A/S Provides Earnings Guidance for the Full Year 2021

Alm. Brand A/S Approves Dividend for 2020

Upcoming dividend of kr.7.00 per share

Full year 2020 earnings released: EPS kr.4.33 (vs kr.2.90 in FY 2019)

New 90-day low: kr.69.10

Third quarter 2020 earnings released: EPS kr.1.50

Alm. Brand A/S Announces Board Changes

Alm. Brand A/S Upgrades Earnings Guidance for the Third Quarter of 2020

Sydbank A/S (CPSE:SYDB) agreed to acquire Alm. Brand A/S (CPSE:ALMB) for DKK 1.8 billion.

New 90-day high: kr.70.65

Alm. Brand Appoints Mikael Hvolgaard as Permanent Executive Vice President, Private

Alm. Brand A/S to Report First Half, 2021 Results on Aug 19, 2021

Earnings released

New 90-day high - kr.67.05

New 90-day high - ø65.90

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age