Atea Management

Management criteria checks 4/4

Atea's CEO is Steinar Sonsteby, appointed in Jan 2014, has a tenure of 10.25 years. total yearly compensation is NOK17.10M, comprised of 32.2% salary and 67.8% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth NOK17.29M. The average tenure of the management team and the board of directors is 9.7 years and 4 years respectively.

Key information

Steinar Sonsteby

Chief executive officer

kr17.1m

Total compensation

CEO salary percentage	32.2%
CEO tenure	10.3yrs
CEO ownership	0.1%
Management average tenure	9.7yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steinar Sonsteby's remuneration changed compared to Atea's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr817m
Dec 31 2023	kr17m	kr6m	kr800m
Sep 30 2023	n/a	n/a	kr850m
Jun 30 2023	n/a	n/a	kr864m
Mar 31 2023	n/a	n/a	kr892m
Dec 31 2022	kr19m	kr5m	kr848m
Sep 30 2022	n/a	n/a	kr853m
Jun 30 2022	n/a	n/a	kr843m
Mar 31 2022	n/a	n/a	kr763m
Dec 31 2021	kr15m	kr5m	kr760m
Sep 30 2021	n/a	n/a	kr740m
Jun 30 2021	n/a	n/a	kr703m
Mar 31 2021	n/a	n/a	kr712m
Dec 31 2020	kr14m	kr4m	kr590m
Sep 30 2020	n/a	n/a	kr524m
Jun 30 2020	n/a	n/a	kr510m
Mar 31 2020	n/a	n/a	kr457m
Dec 31 2019	kr16m	kr4m	kr530m
Sep 30 2019	n/a	n/a	kr516m
Jun 30 2019	n/a	n/a	kr473m
Mar 31 2019	n/a	n/a	kr459m
Dec 31 2018	kr7m	kr4m	kr467m
Sep 30 2018	n/a	n/a	kr528m
Jun 30 2018	n/a	n/a	kr561m
Mar 31 2018	n/a	n/a	kr561m
Dec 31 2017	kr25m	kr4m	kr543m

Compensation vs Market: Steinar's total compensation ($USD1.55M) is below average for companies of similar size in the UK market ($USD2.28M).

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

CEO

Steinar Sonsteby (61 yo)

10.3yrs

Tenure

kr17,100,000

Compensation

Mr. Steinar Sonsteby has been the Chief Executive Officer of Atea ASA since February 2014 and served as its President and Acting Managing Director of Atea Norway AS until March 11, 2016. He is Board Member...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steinar Sonsteby	Chief Executive Officer	10.3yrs	kr17.10m	0.11% NOK 17.3m
Robert Giori	Chief Financial Officer	9.7yrs	kr8.40m	0.11% NOK 17.5m
Carl-Johan Hultenheim	Chief Operating Officer	13.3yrs	kr11.08m	0.013% NOK 1.9m
Juha Sihvonen	Managing Director of Atea Finland OY (Finland)	15.9yrs	kr8.97m	0.000090% NOK 13.9k
Arunas Bartusevicius	Managing Director of Atea Baltic UAB (the Baltics)	no data	kr4.49m	0.15% NOK 23.5m
Kathrine Forsberg	Managing Director of Atea Denmark	4.3yrs	kr7.52m	0.000080% NOK 12.3k
Linus Wallin	Managing Director of Atea Sverige AB - Sweden	3.3yrs	kr7.25m	0.000070% NOK 10.8k
Ole Saxrud	Managing Director	2.6yrs	kr5.40m	0.0014% NOK 218.8k
Ole Fjellestad	Group Chief Accountant	no data	no data	no data
Ignas Bartkus	Group Controller	no data	no data	no data
Christian Stangeland	Director of Business Control	no data	no data	no data

9.7yrs

Average Tenure

55yo

Average Age

Experienced Management: 0JWO's management team is seasoned and experienced (9.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Carl Wollebekk	Director	less than a year	no data	no data
Morten Jurs	Independent Director	14yrs	kr350.00k	no data
Svein-Tore Andersen	Alternate Director	no data	no data	no data
Truls Berntsen	Deputy Director	4yrs	kr33.33k	0.000050% NOK 7.7k
Sven Madsen	Independent Chairman of the Board	16yrs	kr300.00k	0.012% NOK 1.8m
Lisbeth Kvan	Independent Director	10.9yrs	kr300.00k	no data
Saloume Djoudat	Independent Director	9yrs	kr200.00k	no data
Arild Birkelund	Deputy Board Member	5.9yrs	no data	no data
Lone Kunøe	Director	less than a year	no data	no data
Leiv Larsen	Employee Elected Director	4yrs	kr150.00k	0.000030% NOK 4.6k
Marius Hole	Employee Elected Director	1.9yrs	no data	0.000030% NOK 4.6k
Nelly Flatland	Employee Elected Director	1.9yrs	no data	no data

4.0yrs

Average Tenure

57yo

Average Age

Experienced Board: 0JWO's board of directors are considered experienced (4 years average tenure).

Atea Management

Management criteria checks 4/4

Key information

Recent management updates

Insider recently bought kr2.7m worth of stock

Less than half of directors are independent

Chief Financial Officer recently sold kr947k worth of stock

Independent Chairman of the Board recently bought kr8.7m worth of stock

Managing Director recently bought kr161k worth of stock

Independent Chairman of the Board recently bought kr11m worth of stock

Recent updates

First quarter 2024 earnings released: EPS: kr1.72 (vs kr1.58 in 1Q 2023)

Full year 2023 earnings released: EPS: kr7.21 (vs kr7.64 in FY 2022)

Atea ASA Proposes Cash Dividend with Two Payments, Payable on May 28, 2024 and November 26, 2024

Atea ASA Provides Earnings Guidance for the First Quarter and Full Year 2024

Full year 2023 earnings released: EPS: kr7.22 (vs kr7.64 in FY 2022)

Atea ASA to Report Q4, 2024 Results on Feb 06, 2025

Atea ASA Has Proposes Cash Dividend, Payable on November 28, 2023

Third quarter 2023 earnings released: EPS: kr1.64 (vs kr1.76 in 3Q 2022)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Insider recently bought kr2.7m worth of stock

Second quarter 2023 earnings released: EPS: kr1.75 (vs kr1.99 in 2Q 2022)

Now 22% undervalued

Less than half of directors are independent

Upcoming dividend of kr3.13 per share at 4.9% yield

Full year 2022 earnings released: EPS: kr7.64 (vs kr6.85 in FY 2021)

Chief Financial Officer recently sold kr947k worth of stock

Full year 2022 earnings released: EPS: kr7.64 (vs kr6.87 in FY 2021)

Atea ASA Proposes Dividend

Now 21% undervalued after recent price drop

Atea ASA to Report Q3, 2023 Results on Oct 19, 2023

Upcoming dividend of kr2.75 per share

Atea ASA (OB:ATEA) commences an Equity Buyback Plan, under the authorization approved on April 28, 2022.

Third quarter 2022 earnings released: EPS: kr1.76 (vs kr1.66 in 3Q 2021)

Atea Asa Proposes Cash Dividend, Payable on November 23, 2022

Independent Chairman of the Board recently bought kr8.7m worth of stock

Managing Director recently bought kr161k worth of stock

Second quarter 2022 earnings released: EPS: kr1.99 (vs kr1.27 in 2Q 2021)

Atea ASA (OB:ATEA) agreed to acquire IT consulting operations of Human IT Sverige AB from Human It-Consulting Sverige Ab.

Independent Chairman of the Board recently bought kr11m worth of stock

Independent Chairman of the Board recently bought kr27m worth of stock

Independent Chairman of the Board recently bought kr14m worth of stock

First quarter 2022 earnings released: EPS: kr1.17 (vs kr1.16 in 1Q 2021)

Upcoming dividend of kr2.75 per share

Nortel AS (OB:NTEL) entered an agreement to acquire Atea Mobil from Atea ASA (OB:ATEA) for NOK 72.5 million.

Atea ASA (OB:ATEA) acquired Gambit Group.

Chief Financial Officer recently sold kr12m worth of stock

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

Atea Asa Proposes Dividend for the Full Year 2021

Upcoming dividend of kr2.50 per share

Third quarter 2021 earnings released: EPS kr1.66 (vs kr1.36 in 3Q 2020)

Chairman of the Board recently bought kr17m worth of stock

Chairman of the Board recently bought kr27m worth of stock

Second quarter 2021 earnings released: EPS kr1.27 (vs kr1.37 in 2Q 2020)

Chairman of the Board recently bought kr64m worth of stock

First quarter 2021 earnings released: EPS kr1.16 (vs kr0.055 in 1Q 2020)

Atea ASA Approves Cash Dividend, Payable Within May 20, 2021

Upcoming dividend of kr2.50 per share

Full year 2020 earnings released: EPS kr5.36 (vs kr4.82 in FY 2019)

New 90-day high: kr144

Chairman of the Board recently bought kr161m worth of stock

Full year 2020 earnings released: EPS kr5.37 (vs kr4.86 in FY 2019)

Revenue beats expectations

New 90-day high: kr134

New 90-day high: kr126

New 90-day high: kr123

Insider recently sold kr1.2m worth of stock

New 90-day high: kr119

Chief Financial Officer recently bought kr230k worth of stock

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released

New 90-day high: kr117

Atea ASA (OB:ATEA) completed the acquisition of DatabaseForum AS.

New 90-day high: kr112

New 90-day high - kr111

CEO Compensation Analysis

CEO