Schibsted Management

Management criteria checks 3/4

Schibsted's CEO is Kristin Lund, appointed in Dec 2018, has a tenure of 5.33 years. total yearly compensation is NOK17.38M, comprised of 31.1% salary and 68.9% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth NOK4.86M. The average tenure of the management team and the board of directors is 4.5 years and 2.9 years respectively.

Key information

Kristin Lund

Chief executive officer

kr17.4m

Total compensation

CEO salary percentage	31.1%
CEO tenure	5.3yrs
CEO ownership	0.007%
Management average tenure	4.5yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kristin Lund's remuneration changed compared to Schibsted's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr17m	kr5m	kr17b
Sep 30 2023	n/a	n/a	kr15b
Jun 30 2023	n/a	n/a	-kr2b
Mar 31 2023	n/a	n/a	-kr7b
Dec 31 2022	kr14m	kr5m	-kr23b
Sep 30 2022	n/a	n/a	-kr43b
Jun 30 2022	n/a	n/a	-kr39b
Mar 31 2022	n/a	n/a	-kr32b
Dec 31 2021	kr17m	kr5m	-kr19b
Sep 30 2021	n/a	n/a	kr1b
Jun 30 2021	n/a	n/a	kr1b
Mar 31 2021	n/a	n/a	kr1b
Dec 31 2020	kr13m	kr5m	kr1b
Sep 30 2020	n/a	n/a	kr1b
Jun 30 2020	n/a	n/a	kr855m
Mar 31 2020	n/a	n/a	kr227m
Dec 31 2019	kr9m	kr4m	kr307m
Sep 30 2019	n/a	n/a	kr40m
Jun 30 2019	n/a	n/a	kr371m
Mar 31 2019	n/a	n/a	kr790m
Dec 31 2018	kr5m	kr354k	kr648m

Compensation vs Market: Kristin's total compensation ($USD1.58M) is below average for companies of similar size in the UK market ($USD3.42M).

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

CEO

Kristin Lund (57 yo)

5.3yrs

Tenure

kr17,377,000

Compensation

Ms. Kristin Skogen Lund serves as Chief Executive Officer at Schibsted ASA since December 1, 2018 and served as its Country Manager for Norway since December 1, 2018. She serves as a Director of Mozilla Co...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kristin Lund	Chief Executive Officer	5.3yrs	kr17.38m	0.0068% NOK 4.9m
Per Morland	Executive VP & Chief Financial Officer	less than a year	kr5.58m	no data
Andrew Tor Kvalseth	Executive VP Growth & Investments and Chief Investment Officer	2.7yrs	kr7.54m	0.0012% NOK 824.1k
Sven Thaulow	Executive VP	5.1yrs	kr7.65m	0.0054% NOK 3.9m
Grethe Malkmus	Chief People & Communications Officer	no data	kr4.18m	0.00079% NOK 561.3k
Christian Halvorsen	Executive Vice President of Nordic Marketplaces & Delivery	4.5yrs	kr8.28m	0.00027% NOK 191.8k
Siv Tveitnes	Executive Vice President of News Media	5.3yrs	kr6.72m	0.0049% NOK 3.5m
Jann-Boje Meinecke	VP & Head of Investor Relations	4.4yrs	no data	no data
Daniel Frykholm	VP & Head of Group Communication	no data	no data	no data
Bernt Olufsen	Editor	no data	no data	no data
Britt Nilsen	Head of Sustainability	no data	no data	no data
Susanna Erntell	SVP Finance & Strategy and CFO Marketplaces	no data	no data	no data

4.5yrs

Average Tenure

49yo

Average Age

Experienced Management: 0MHM's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Karl-Christian Agerup	Chairman	3.9yrs	kr1.41m	0.0027% NOK 1.9m
Rune Bjerke	Independent Deputy Chair	2.9yrs	kr1.18m	0.0027% NOK 1.9m
Hugo Maurstad	Independent Director	2.9yrs	kr597.00k	0.049% NOK 34.7m
Satu Huber	Independent Director	3.9yrs	kr714.00k	0.00067% NOK 476.0k
Philippe Vimard	Independent Director	5.9yrs	kr847.00k	0.0085% NOK 6.1m
Ulrike Handel	Independent Director	less than a year	kr563.00k	no data
Satu Kiiskinen	Independent Director	1.9yrs	kr783.00k	no data
Maria Carling	Employee Representative Director	less than a year	kr465.00k	0.000050% NOK 35.5k
Marita Valvik	Employee Representative Director	1.3yrs	kr405.00k	no data
Henning Spjelkavik	Deputy Employee Representative Director	no data	kr138.00k	0.00097% NOK 689.2k
Hans Mjelva	Employee Representative Director	2.8yrs	kr714.00k	no data

2.9yrs

Average Tenure

58yo

Average Age

Experienced Board: 0MHM's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Schibsted Management

Management criteria checks 3/4

Key information

Recent management updates

Schibsted ASA Announces Resignation of Kristin Skogen Lund as CEO

Schibsted Announces Resignation of Ragnar Kårhus as CFO

Schibsted ASA Announces Board Changes

High number of new directors

Recent updates

Upcoming dividend of kr2.00 per share

Full year 2023 earnings released: EPS: kr73.84 (vs kr96.43 loss in FY 2022)

Schibsted ASA (OB:SCHA) agreed to acquire HomeQ Technologies AB.

Dividend of kr2.00 announced

Full year 2023 earnings released: EPS: kr74.79 (vs kr96.43 loss in FY 2022)

Schibsted ASA Announces Resignation of Kristin Skogen Lund as CEO

Investor sentiment improves as stock rises 18%

Permira Advisers Ltd., The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P. and TCMI Inc. made an offer to acquire Adevinta ASA (OB:ADE) from Schibsted ASA (OB:SCHA), eBay Inc. (NasdaqGS:EBAY) and Permira Advisers Ltd. for NOK 141 billion.

Permira Advisers Ltd., The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P. and TCMI Inc. made an offer to acquire Adevinta ASA (OB:ADE) from Schibsted ASA (OB:SCHA), eBay Inc. (NasdaqGS:EBAY) and Permira Advisers Ltd. for NOK 141 billion.

Schibsted ASA to Report Q3, 2024 Results on Oct 25, 2024

Third quarter 2023 earnings released

New major risk - Revenue and earnings growth

Schibsted ASA (OB:SCHA) acquired 10.1% stake in Viaplay Group AB (publ) (OM:VPLAY B).

Polaris Media ASA (OB:POL) agreed to acquire Vestnytt As, AskøyvÆRingen A/S, Forlaget Strilen As, Øyposten As, Øyposten AS and Randaberg 24 As from Schibsted ASA (OB:SCHA).

Second quarter 2023 earnings released

Upcoming dividend of kr2.00 per share at 1.1% yield

Full year 2022 earnings released: kr96.43 loss per share (vs kr79.60 loss in FY 2021)

Full year 2022 earnings released

Schibsted ASA Proposes Cash Dividend for 2022, Payable on 10 May 2023

Schibsted Announces Resignation of Ragnar Kårhus as CFO

Now 21% undervalued

Now 22% undervalued

Schibsted ASA to Report Fiscal Year 2022 Results on Mar 30, 2023

Third quarter 2022 earnings released

Schibsted ASA (OB:SCHA) acquired the 5% stake in Linear Oy.

Schibsted ASA to Report Q4, 2022 Results on Feb 10, 2023

Second quarter 2022 earnings released

First quarter 2022 earnings released: kr57.49 loss per share (vs kr1.68 profit in 1Q 2021)

Schibsted ASA Announces Board Changes

Schibsted ASA to Report Q3, 2021 Results on Oct 27, 2022

Upcoming dividend of kr2.00 per share

High number of new directors

Full year 2021 earnings released: kr79.60 loss per share (vs kr4.67 profit in FY 2020)

Schibsted ASA (OB:SCHA) acquired 3Byggetilbud.Dk A/S.

Now 20% undervalued after recent price drop

Schibsted ASA Reports Impairment for the Fourth Quarter Ended December 2021

Full year 2021 earnings: Revenues in line with analyst expectations

Now 23% undervalued after recent price drop

Sweetdeal A/S agreed to acquire Let's deal AS from Schibsted ASA (OB:SCHA).

Third quarter 2021 earnings released

Tibber AB acquired Kundkraft Sverige AB from Schibsted ASA (OB:SCHA).

Second quarter 2021 earnings released: EPS kr1.88 (vs kr2.16 in 2Q 2020)

Upcoming dividend of kr2.00 per share

New 90-day high: kr368

Revenue misses expectations

Full year 2020 earnings released: EPS kr4.67 (vs kr4.00 in FY 2019)

New 90-day low: kr324

New 90-day low: kr336

New 90-day low: kr349

New 90-day low: kr358

Schibsted ASA to Report First Half, 2021 Results on Jul 16, 2021

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

Schibsted ASA (OB:SCHA) acquired a 8% stake in Shifter Media AS for NOK 2 million.

New 90-day high: kr418

Polaris Media ASA (OB:POL) agreed to acquire media houses and distribution operations in Vest-Agder from Schibsted ASA (OB:SCHA).

New 90-day high - kr387

New 90-day high - kr350

New 90-day high - kr268

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age