Arendals Fossekompani Management

Management criteria checks 2/4

Arendals Fossekompani's CEO is Benjamin Golding, appointed in May 2023, has a tenure of 1.25 years. total yearly compensation is NOK3.89M, comprised of 62.6% salary and 37.4% bonuses, including company stock and options. directly owns 0.093% of the company’s shares, worth NOK8.30M. The average tenure of the management team and the board of directors is 1.3 years and 3.3 years respectively.

Key information

Benjamin Golding

Chief executive officer

NOK 3.9m

Total compensation

CEO salary percentage	62.6%
CEO tenure	1.3yrs
CEO ownership	0.09%
Management average tenure	1.3yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

Additional Considerations Required While Assessing Arendals Fossekompani's (OB:AFK) Strong Earnings

Feb 17

We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt

Jan 18

We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt

Jul 11

We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt

Mar 21

Is Arendals Fossekompani (OB:AFK) A Risky Investment?

Dec 18

Do Arendals Fossekompani's (OB:AFK) Earnings Warrant Your Attention?

Aug 21

Does Arendals Fossekompani (OB:AFK) Have A Healthy Balance Sheet?

Jul 22

Here's Why Arendals Fossekompani (OB:AFK) Can Manage Its Debt Responsibly

Dec 13

Here's Why Arendals Fossekompani (OB:AFK) Can Manage Its Debt Responsibly

Aug 28

We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt

May 20

The Arendals Fossekompani (OB:AFK) Share Price Has Gained 143%, So Why Not Pay It Some Attention?

Mar 12

Arendals Fossekompani (OB:AFK) Seems To Use Debt Quite Sensibly

Feb 14

CEO Compensation Analysis

How has Benjamin Golding's remuneration changed compared to Arendals Fossekompani's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-NOK 524m
Mar 31 2024	n/a	n/a	-NOK 13m
Dec 31 2023	NOK 4m	NOK 2m	NOK 33m

Compensation vs Market: Benjamin's total compensation ($USD369.05K) is below average for companies of similar size in the Norwegian market ($USD603.65K).

Compensation vs Earnings: Insufficient data to compare Benjamin's compensation with company performance.

CEO

Benjamin Golding (44 yo)

1.3yrs

Tenure

NOK 3,892,000

Compensation

Mr. Benjamin Kristoffer Golding serves as Chairman of the Board at Volue Technology AS since April 2023. He served as Group Executive Vice President of Products and Innovation at DNB Bank ASA since 2022 un...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Benjamin Golding	Chief Executive Officer	1.3yrs	NOK 3.89m	0.093% NOK 8.3m
Lars Fensli	Executive VP & CFO	7.2yrs	NOK 4.30m	0.059% NOK 5.3m
Torkil Mogstad	Executive Vice President	1.3yrs	NOK 2.92m	0.027% NOK 2.4m
Ingunn Ettestol	Chief Sustainability Officer	2.6yrs	NOK 2.48m	0.035% NOK 3.2m
Hakon Tanem	Executive Vice President	less than a year	NOK 2.64m	0.10% NOK 9.1m
Ann-Kari Heier	Executive Vice President	less than a year	NOK 1.96m	0.031% NOK 2.8m
Preben Nilsen	Head of Accounting	no data	no data	no data
Sophie Barbier	Compliance & Sustainability Officer	less than a year	no data	no data
Hanne Watts	Vice President of Communication & Sustainability	no data	no data	no data
Kari-Anne Slaaen	Vice President of People & Culture	no data	no data	no data
Thomas Eccard	Managing Director of Arendals Fosskompani Deutschland GmbH	no data	no data	no data
Bjørn Petersen	Chief Executive Officer of EFD Induction	no data	NOK 3.07m	no data

1.3yrs

Average Tenure

51yo

Average Age

Experienced Management: AFK's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Morten Bergesen	Independent Deputy Chairman	20.3yrs	NOK 458.00k	no data
Trond Westlie	Independent Chair of the Board	2.3yrs	NOK 1.22m	no data
Anne Dalane	Independent Director	2.3yrs	NOK 397.00k	0.0018% NOK 162.5k
Erik Must	Independent Director	3.3yrs	NOK 114.00k	0.33% NOK 29.3m
Lise Lindbäck	Independent Director	2.3yrs	NOK 376.00k	no data
Didrik Vigsnæs	Independent Director	8.3yrs	NOK 386.00k	0.033% NOK 2.9m
Stine Brenna	Independent Director	3.9yrs	NOK 443.00k	0.014% NOK 1.2m

3.3yrs

Average Tenure

58yo

Average Age

Experienced Board: AFK's board of directors are considered experienced (3.3 years average tenure).

Arendals Fossekompani Management

Management criteria checks 2/4

Key information

Recent management updates

Executive Vice President recently bought kr1.5m worth of stock

High number of new directors

Director recently bought kr235k worth of stock

Arendals Fossekompani Appoints Benjamin Kristoffer Golding as Chief Executive Officer

Arendals Fossekompani ASA Announces Executive Changes

No independent directors

Recent updates

Arendals Fossekompani's (OB:AFK) Dividend Will Be NOK1.00

Second quarter dividend of kr1.00 announced

Executive Vice President recently bought kr1.5m worth of stock

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Arendals Fossekompani (OB:AFK) Has A Somewhat Strained Balance Sheet

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: kr0.15 (vs kr1.29 in 1Q 2023)

Full year 2023 earnings released: EPS: kr0.59 (vs kr0.10 in FY 2022)

Returns On Capital At Arendals Fossekompani (OB:AFK) Have Stalled

Additional Considerations Required While Assessing Arendals Fossekompani's (OB:AFK) Strong Earnings

Fourth quarter dividend of kr1.00 announced

Full year 2023 earnings released: EPS: kr0.58 (vs kr0.10 in FY 2022)

Arendals Fossekompani ASA Announces Cash Dividend, Payable on 21 February 2024

We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt

Third quarter 2023 earnings released: kr0.99 loss per share (vs kr0.57 profit in 3Q 2022)

Arendals Fossekompani Declares Dividend, Payable on Nov. 22, 2023

Arendals Fossekompani ASA to Report Q1, 2024 Results on May 16, 2024

Price target decreased by 21% to kr210

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: kr0.75 (vs kr0.43 in 2Q 2022)

Arendals Fossekompani Asa Proposes Cash Dividend, Payment Date 4 September

We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt

Arendals Fossekompani ASA Announces Cash Dividend, Payable on 22 May, 2023

High number of new directors

Full year 2022 earnings released: EPS: kr0.24 (vs kr1.42 in FY 2021)

We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt

Director recently bought kr235k worth of stock

Full year 2022 earnings released: EPS: kr0.24 (vs kr1.42 in FY 2021)

Arendals Fossekompani ASA Announces Cash Dividend, Payable on February 22, 2023

Arendals Fossekompani Appoints Benjamin Kristoffer Golding as Chief Executive Officer

Is Arendals Fossekompani (OB:AFK) A Risky Investment?

Arendals Fossekompani ASA Announces Executive Changes

Third quarter 2022 earnings released: EPS: kr0.57 (vs kr1.19 in 3Q 2021)

No independent directors

Third quarter 2022 earnings released

Arendals Fossekompani ASA Approves Cash Dividend, Payable on 23 November 2022

Arendals Fossekompani ASA, Annual General Meeting, May 04, 2023

Do Arendals Fossekompani's (OB:AFK) Earnings Warrant Your Attention?

Second quarter 2022 earnings released: EPS: kr0.67 (vs kr0.42 in 2Q 2021)

Arendals Fossekompani ASA Approves Dividend, Payable on 31 August 2022

Does Arendals Fossekompani (OB:AFK) Have A Healthy Balance Sheet?

Arendals Fossekompani ASA (OB:AFK) acquired IPT Technology GmbH.

Arendals Fossekompani ASA approves Dividend, Payable on 18 May 2022

First quarter 2022 earnings released

Director recently sold kr38m worth of stock

No independent directors

Full year 2021 earnings released: EPS: kr1.42 (vs kr0.14 in FY 2020)

Arendals Fossekompani ASA (OB:AFK) acquired 54.9% stake in Commeo GmbH.

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

Arendals Fossekompani ASA decides to pay cash dividend for the fourth quarter 2021, payable on 22 February 2022

Here's Why Arendals Fossekompani (OB:AFK) Can Manage Its Debt Responsibly

Vice President Group Reporting recently bought kr596k worth of stock

Third quarter 2021 earnings released: EPS kr1.60 (vs kr0.50 in 3Q 2020)

Chief Financial Officer recently bought kr1.1m worth of stock

Here's Why Arendals Fossekompani (OB:AFK) Can Manage Its Debt Responsibly

Second quarter 2021 earnings released: EPS kr0.43 (vs kr0.084 loss in 2Q 2020)

MET Group completed the acquisition of Cogen Energía España S.L. from Arendals Fossekompani ASA (OB:AFK).

Insider recently bought kr367k worth of stock

We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt

First quarter 2021 earnings released: EPS kr0.59 (vs kr0.40 loss in 1Q 2020)

Upcoming dividend of kr30.00 per share

Full year 2020 earnings released: EPS kr0.47 (vs kr1.64 in FY 2019)

Arendals Fossekompani ASA Proposes Extraordinary Dividend, Payable on May 18, 2021

Arendals Fossekompani ASA Proposes Extraordinary Cash Dividend

The Arendals Fossekompani (OB:AFK) Share Price Has Gained 143%, So Why Not Pay It Some Attention?

Insider recently bought kr663k worth of stock

Nordic and international institutional investors acquired 11.8% stake in Volue AS (OB:VOLUE) from Arendals Fossekompani ASA (OB:AFK) for approximately NOK 990 million.

New 90-day high: kr226

Full year 2020 earnings released: EPS kr0.60 (vs kr0.82 in FY 2019)