NEXT Biometrics Group Management
Management criteria checks 2/4
NEXT Biometrics Group's CEO is Ulf Ritsvall, appointed in Oct 2023, has a tenure of 2.17 years. total yearly compensation is NOK6.47M, comprised of 45.7% salary and 54.3% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth NOK25.33K. The average tenure of the management team and the board of directors is 2.1 years and 3.6 years respectively.
Key information
Ulf Ritsvall
Chief executive officer
NOK 6.5m
Total compensation
| CEO salary percentage | 45.73% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.01% |
| Management average tenure | 2.1yrs |
| Board average tenure | 3.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | -NOK 42m |
| Jun 30 2025 | n/a | n/a | -NOK 43m |
| Mar 31 2025 | n/a | n/a | -NOK 48m |
| Dec 31 2024 | NOK 6m | NOK 3m | -NOK 45m |
| Sep 30 2024 | n/a | n/a | -NOK 68m |
| Jun 30 2024 | n/a | n/a | -NOK 68m |
| Mar 31 2024 | n/a | n/a | -NOK 67m |
| Dec 31 2023 | NOK 4m | NOK 2m | -NOK 66m |
| Sep 30 2023 | n/a | n/a | -NOK 66m |
| Jun 30 2023 | n/a | n/a | -NOK 56m |
| Mar 31 2023 | n/a | n/a | -NOK 46m |
| Dec 31 2022 | NOK 3m | NOK 2m | -NOK 46m |
| Sep 30 2022 | n/a | n/a | -NOK 54m |
| Jun 30 2022 | n/a | n/a | -NOK 59m |
| Mar 31 2022 | n/a | n/a | -NOK 57m |
| Dec 31 2021 | NOK 2m | NOK 366k | -NOK 60m |
Compensation vs Market: Ulf's total compensation ($USD640.35K) is above average for companies of similar size in the UK market ($USD403.47K).
Compensation vs Earnings: Ulf's compensation has increased whilst the company is unprofitable.
CEO
Ulf Ritsvall
Mr. Ulf Ritsvall serves as Chief Executive Officer of NEXT Biometrics Group ASA since October 01, 2023. He served as the Senior Vice President of Sales and Marketing at NEXT Biometrics Group ASA since Octo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 2.2yrs | NOK 6.47m | 0.015% NOK 25.3k | |
| Chief Financial Officer | 5.8yrs | NOK 2.49m | 0.10% NOK 177.3k | |
| Senior VP & Head of Sales South-East Asia | 2.1yrs | NOK 3.36m | no data | |
| Chief Product Officer | 2.1yrs | NOK 2.36m | 0.017% NOK 29.8k | |
| Senior VP & Head of Sales IUEA | 2.1yrs | NOK 2.10m | no data |
Experienced Management: 0QWK's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Strategic Advisor | 9.9yrs | no data | no data | |
| Chairman | less than a year | no data | no data | |
| Strategic Advisor | 9.9yrs | no data | no data | |
| Strategic Advisor | no data | no data | no data | |
| Board member | less than a year | no data | no data | |
| Independent Director | 8.9yrs | NOK 200.00k | 0.069% NOK 118.8k | |
| Independent Director | 3.6yrs | NOK 200.00k | no data | |
| Board member | less than a year | no data | no data |
Experienced Board: 0QWK's board of directors are considered experienced (3.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/06 22:48 |
| End of Day Share Price | 2025/12/04 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
NEXT Biometrics Group ASA is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hans Rettedal Christiansen | Carnegie Investment Bank AB |
| Fridtjof Fredricsson | Pareto Securities |