Aqualis ASA

OB:AQUA Stock Report

Market Cap: NOK 1.2b

Aqualis Management

Management criteria checks 3/4

Aqualis' CEO is Hege Norheim, appointed in Sep 2025, has a tenure of less than a year. total yearly compensation is $452.28K, comprised of 26.8% salary and 73.2% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth NOK964.57K. The average tenure of the management team and the board of directors is 2.4 years and 8.5 years respectively.

Key information

Hege Norheim

Chief executive officer

US$452.3k

Total compensation

CEO salary percentage26.75%
CEO tenureless than a year
CEO ownership0.08%
Management average tenure2.4yrs
Board average tenure8.5yrs

Recent management updates

Recent updates

Analysis Article Jan 30

Investors Met With Slowing Returns on Capital At ABL Group (OB:ABL)

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Analysis Article Apr 28

ABL Group (OB:ABL) Will Pay A Larger Dividend Than Last Year At $0.45

ABL Group ASA's ( OB:ABL ) dividend will be increasing from last year's payment of the same period to $0.45 on 16th of...
Analysis Article Mar 01

ABL Group (OB:ABL) Is Increasing Its Dividend To $0.45

ABL Group ASA ( OB:ABL ) will increase its dividend from last year's comparable payment on the 16th of June to $0.45...
User avatar
New Narrative Feb 09

Expansion Into Renewables And New Projects Will Reduce Reliance On Offshore Volatility

Expansion across renewable channels like onshore wind and solar diversifies revenue and reduces dependence on the volatile offshore market.
Analysis Article Aug 31

ABL Group's (OB:ABL) Earnings Are Of Questionable Quality

Despite announcing strong earnings, ABL Group ASA's ( OB:ABL ) stock was sluggish. We think that the market might be...
Analysis Article Aug 25

kr12.84: That's What Analysts Think ABL Group ASA (OB:ABL) Is Worth After Its Latest Results

It's been a mediocre week for ABL Group ASA ( OB:ABL ) shareholders, with the stock dropping 13% to kr10.00 in the week...
Analysis Article Aug 23

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

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Analysis Article May 30

ABL Group (OB:ABL) Will Pay A Larger Dividend Than Last Year At $0.40

ABL Group ASA's ( OB:ABL ) dividend will be increasing from last year's payment of the same period to $0.40 on 17th of...
Analysis Article Apr 29

ABL Group ASA Just Missed EPS By 29%: Here's What Analysts Think Will Happen Next

ABL Group ASA ( OB:ABL ) came out with its yearly results last week, and we wanted to see how the business is...
Analysis Article Apr 28

ABL Group's (OB:ABL) Dividend Will Be Increased To $0.40

ABL Group ASA's ( OB:ABL ) dividend will be increasing from last year's payment of the same period to $0.40 on 15th of...
Analysis Article Dec 21

Is There An Opportunity With ABL Group ASA's (OB:ABL) 40% Undervaluation?

Key Insights Using the 2 Stage Free Cash Flow to Equity, ABL Group fair value estimate is kr22.13 ABL Group's kr13.35...
Analysis Article May 10

ABL Group (OB:ABL) Is Paying Out A Larger Dividend Than Last Year

ABL Group ASA ( OB:ABL ) will increase its dividend from last year's comparable payment on the 15th of June to $0.35...
Analysis Article Mar 03

Earnings Miss: ABL Group ASA Missed EPS By 41% And Analysts Are Revising Their Forecasts

ABL Group ASA ( OB:ABL ) shareholders are probably feeling a little disappointed, since its shares fell 5.7% to kr16.50...
Analysis Article Feb 02

ABL Group (OB:ABL) Has A Rock Solid Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Oct 31

AqualisBraemar LOC's (OB:AQUA) Upcoming Dividend Will Be Larger Than Last Year's

The board of AqualisBraemar LOC ASA ( OB:AQUA ) has announced that it will be increasing its dividend on the 3rd of...
Analysis Article Mar 21

Is There More Growth In Store For AqualisBraemar LOC's (OB:AQUA) Returns On Capital?

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

CEO Compensation Analysis

How has Hege Norheim's remuneration changed compared to Aqualis's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$4m

Dec 31 2025US$452kUS$121k

-US$6m

Sep 30 2025n/an/a

US$5m

Jun 30 2025n/an/a

-US$2m

Mar 31 2025n/an/a

US$2m

Dec 31 2024US$25kn/a

US$4m

Compensation vs Market: Hege's total compensation ($USD452.28K) is about average for companies of similar size in the Norwegian market ($USD390.23K).

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


CEO

Hege Norheim (59 yo)

less than a year
Tenure
US$452,279
Compensation

Ms. Hege Marie Norheim served as an Executive Vice President of Corporate Public Affairs and Sustainability at FREYR Battery since July 2021 until 2024. Ms. Norheim was Executive Vice President of Human Re...


Leadership Team

NamePositionTenureCompensationOwnership
Hege Norheim
Chief Executive Officerless than a yearUS$452.28k0.080%
NOK 981.5k
Stuart Jackson
Chief Financial Officer3.4yrsUS$514.00k0.15%
NOK 1.8m
Svein Staalen
General Counselno dataUS$314.00k0.25%
NOK 3.1m
Reuben Segal
Chief Growth Officerless than a yearUS$605.00k1.51%
NOK 18.5m
Ian Cummins
Chief Performance Officerno dataUS$343.00kno data
Rajapillai Ahilan
Chief Energy Transition Officer & CEO of LOC Groupno dataUS$318.00k0.78%
NOK 9.6m
Katherine Phillips
Chief Strategy Officer4.4yrsUS$313.00k0.011%
NOK 138.9k
Haakon Brandrud
Director of Strategy & Corporate Development2.4yrsno datano data
Katie Tunkina
Group Marketing Director2.4yrsno datano data
Philip Lenox
Principal Consultantno datano datano data
Grant Smith
COO Insurance Servicesno datano datano data
William Cleverly
Chief Executive Officer of OWCno dataUS$213.00kno data
2.4yrs
Average Tenure

Experienced Management: AQUA's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rune Eng
Independent Director5yrsUS$33.00kno data
Synne Syrrist
Independent Director13.4yrsUS$34.00k0.015%
NOK 190.8k
David Wells
Board Observerless than a yearUS$32.00k0.91%
NOK 11.2m
Glen Rodland
Independent Chairman11.9yrsUS$68.00k11.39%
NOK 140.3m
Yvonne Sandvold
Independent Director13.4yrsUS$31.00kno data
Rasmus Nord
Directorless than a yearno datano data
8.5yrs
Average Tenure
58yo
Average Age

Experienced Board: AQUA's board of directors are considered experienced (8.5 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/17 20:06
End of Day Share Price 2026/06/17 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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

Aqualis 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
Karl ØyehaugCarnegie Investment Bank AB
Jorgen OpheimPareto Securities