HAV Group ASA

OB:HAV Stock Report

Market Cap: NOK 220.1m

HAV Group Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Gunnar Larsen

Chief executive officer

NOK 2.8m

Total compensation

CEO salary percentage88.7%
CEO tenureno data
CEO ownership0.2%
Management average tenure2.3yrs
Board average tenure1.5yrs

Recent management updates

HAV Group ASA's (OB:HAV) CEO Will Probably Struggle To See A Pay Rise This Year

May 23
HAV Group ASA's (OB:HAV) CEO Will Probably Struggle To See A Pay Rise This Year

Recent updates

Benign Growth For HAV Group ASA (OB:HAV) Underpins Its Share Price

Nov 24
Benign Growth For HAV Group ASA (OB:HAV) Underpins Its Share Price

HAV Group ASA's (OB:HAV) CEO Will Probably Struggle To See A Pay Rise This Year

May 23
HAV Group ASA's (OB:HAV) CEO Will Probably Struggle To See A Pay Rise This Year

HAV Group ASA's (OB:HAV) Shares Lagging The Industry But So Is The Business

May 12
HAV Group ASA's (OB:HAV) Shares Lagging The Industry But So Is The Business

Is HAV Group (OB:HAV) Using Too Much Debt?

Mar 17
Is HAV Group (OB:HAV) Using Too Much Debt?

Returns Are Gaining Momentum At HAV Group (OB:HAV)

Feb 19
Returns Are Gaining Momentum At HAV Group (OB:HAV)

Even With A 28% Surge, Cautious Investors Are Not Rewarding HAV Group ASA's (OB:HAV) Performance Completely

Jan 20
Even With A 28% Surge, Cautious Investors Are Not Rewarding HAV Group ASA's (OB:HAV) Performance Completely

It's A Story Of Risk Vs Reward With HAV Group ASA (OB:HAV)

Jul 08
It's A Story Of Risk Vs Reward With HAV Group ASA (OB:HAV)

The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

Feb 01
The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

Returns on Capital Paint A Bright Future For HAV Group (OB:HAV)

Sep 02
Returns on Capital Paint A Bright Future For HAV Group (OB:HAV)

The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

Mar 14
The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

CEO Compensation Analysis

How has Gunnar Larsen's remuneration changed compared to HAV Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-NOK 78m

Jun 30 2024n/an/a

-NOK 78m

Mar 31 2024n/an/a

-NOK 12m

Dec 31 2023NOK 3mNOK 2m

-NOK 4m

Sep 30 2023n/an/a

NOK 4m

Jun 30 2023n/an/a

NOK 24m

Mar 31 2023n/an/a

-NOK 18m

Dec 31 2022NOK 2mNOK 2m

-NOK 476k

Sep 30 2022n/an/a

NOK 26m

Jun 30 2022n/an/a

NOK 36m

Mar 31 2022n/an/a

NOK 57m

Dec 31 2021NOK 2mNOK 2m

NOK 71m

Sep 30 2021n/an/a

NOK 78m

Jun 30 2021n/an/a

NOK 91m

Mar 31 2021n/an/a

NOK 48m

Dec 31 2020NOK 2mNOK 2m

NOK 22m

Compensation vs Market: Gunnar's total compensation ($USD250.24K) is about average for companies of similar size in the Norwegian market ($USD296.59K).

Compensation vs Earnings: Gunnar's compensation has increased whilst the company is unprofitable.

CEO

Gunnar Larsen

no data

Tenure

NOK 2,802,000

Compensation

Mr. Gunnar Larsen serves as Chief Executive Officer at Hav Group ASA. He served as Senior Vice President of Market at Havyard Group ASA until February 2021 and served its Interim Chief Executive Officer si...

Leadership Team

NamePositionTenureCompensationOwnership
Gunnar Larsen
Chief Executive Officerno dataNOK 2.80m0.15%
NOK 334.3k
Pal Aurvag
Chief Financial Officerno dataNOK 1.89mno data
Frank-Levi Kvalsund
CHRO2.6yrsNOK 2.11m0.034%
NOK 73.8k
Ole Rorhus
Vice President of Technology1.9yrsno datano data
Mert Unlusan
Managing Director of NES Turkey2.9yrsno datano data
Marius Koksvik
C.B.D.O.1.2yrsno data0.045%
NOK 99.2k
Stig Espeseth
Managing Director of HAV Design ASno datano data0.19%
NOK 418.5k
Kristian Osnes
Managing Director of HAV Hydrogen ASno datano datano data
Havard Gjelseth
Managing Director of Norwegian Greentech ASno datano datano data
Siv Remoy-Vangen
Managing Director of Norwegian Electric Systemsno datano datano data

2.3yrs

Average Tenure

Experienced Management: HAV's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hege Rabben
Directorno datano data3.57%
NOK 7.9m
Vegard Sævik
Chairmanno datano data3.57%
NOK 7.9m
Helge Simonnes
Directorno datano data0.90%
NOK 2.0m
Vibeke Faengsrud
Directorno datano datano data
Monica Sperre
Independent Director1.6yrsno datano data
Egil Bremnes
Employee Representative Director1.5yrsno datano data
Katrine Lynge
Employee Representative Director1.5yrsno datano data
Hanne Keyn
Deputy Member Employee Representativeno datano datano data

1.5yrs

Average Tenure

49.5yo

Average Age

Experienced Board: HAV's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 10:20
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

HAV Group ASA is covered by 1 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.

AnalystInstitution
Jørgen TorstensenFearnley Securities