Norbit ASA

BATS-CHIXE:NORBTO Stock Report

Market Cap: NOK 5.8b

Norbit Management

Management criteria checks 4/4

Norbit's CEO is Per Weisethaunet, appointed in Jan 2001, has a tenure of 23.75 years. total yearly compensation is NOK5.00M, comprised of 66% salary and 34% bonuses, including company stock and options. directly owns 11.12% of the company’s shares, worth NOK646.54M. The average tenure of the management team and the board of directors is 6.8 years and 3.9 years respectively.

Key information

Per Weisethaunet

Chief executive officer

NOK 5.0m

Total compensation

CEO salary percentage66.0%
CEO tenure23.8yrs
CEO ownership11.1%
Management average tenure6.8yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Per Weisethaunet's remuneration changed compared to Norbit's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

NOK 167m

Mar 31 2024n/an/a

NOK 164m

Dec 31 2023NOK 5mNOK 3m

NOK 185m

Sep 30 2023n/an/a

NOK 182m

Jun 30 2023n/an/a

NOK 172m

Mar 31 2023n/an/a

NOK 146m

Dec 31 2022NOK 5mNOK 3m

NOK 107m

Sep 30 2022n/an/a

NOK 79m

Jun 30 2022n/an/a

NOK 78m

Mar 31 2022n/an/a

NOK 62m

Dec 31 2021NOK 4mNOK 3m

NOK 48m

Sep 30 2021n/an/a

NOK 33m

Jun 30 2021n/an/a

NOK 37m

Mar 31 2021n/an/a

NOK 21m

Dec 31 2020NOK 3mNOK 3m

NOK 27m

Sep 30 2020n/an/a

NOK 55m

Jun 30 2020n/an/a

NOK 59m

Mar 31 2020n/an/a

NOK 48m

Dec 31 2019NOK 9mNOK 2m

NOK 77m

Sep 30 2019n/an/a

NOK 60m

Jun 30 2019n/an/a

NOK 49m

Mar 31 2019n/an/a

NOK 85m

Dec 31 2018NOK 2mNOK 2m

NOK 48m

Compensation vs Market: Per's total compensation ($USD467.37K) is below average for companies of similar size in the UK market ($USD1.00M).

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

CEO

Per Weisethaunet

23.8yrs

Tenure

NOK 5,000,000

Compensation

Mr. Per Jorgen Weisethaunet has been Group Chief Executive Officer of Norbit ASA, which position he has held since joining in 2001. Mr. Weisethaunet has been the co-owner of NORBIT since 2008. Further, Mr....

Leadership Team

NamePositionTenureCompensationOwnership
Per Weisethaunet
Group Chief Executive Officer23.8yrsNOK 5.00m11.12%
NOK 646.5m
Per Reppe
Group Chief Financial Officer4.3yrsNOK 4.30m0.13%
NOK 7.8m
Arild Soraunet
Group Chief Technical Officer6.8yrsNOK 2.80m1.1%
NOK 64.1m
Julie Benum
Director of Strategy & ESG1.8yrsNOK 1.50m0.0091%
NOK 526.1k
Peter Eriksen
Business Unit Director of Oceans8.8yrsNOK 6.00m1.33%
NOK 77.4m
Steffen Kirknes
Founder & Talent Managerno dataNOK 60.00kno data
Sture Ingdal
Finance Directorno datano data0.013%
NOK 763.3k

6.8yrs

Average Tenure

Experienced Management: NORBTO's management team is seasoned and experienced (6.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Bente Landsnes
Independent Deputy Chairperson5.4yrsNOK 395.00k0.12%
NOK 6.8m
Finn Haugan
Independent Chairperson5.4yrsNOK 545.00k0.15%
NOK 8.6m
Trond Tuvstein
Independent Director5.4yrsNOK 250.00k0.052%
NOK 3.0m
Tom Solberg
Deputy Director2.4yrsNOK 92.00k0.072%
NOK 4.2m
Christina Hallin
Director2.4yrsNOK 175.00kno data
Hakon Kavli
Directorless than a yearno datano data

3.9yrs

Average Tenure

64yo

Average Age

Experienced Board: NORBTO's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/10/11 19:35
End of Day Share Price 2024/07/15 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Norbit ASA is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kenneth SivertsenPareto Securities
Marcus GavelliPareto Securities