Magnora Management

Management criteria checks 2/4

Magnora's CEO is Erik Sneve, appointed in Apr 2019, has a tenure of 5.08 years. total yearly compensation is NOK7.29M, comprised of 39.6% salary and 60.4% bonuses, including company stock and options. directly owns 1.79% of the company’s shares, worth NOK35.86M. The average tenure of the management team and the board of directors is 3.2 years and 6 years respectively.

Key information

Erik Sneve

Chief executive officer

kr7.3m

Total compensation

CEO salary percentage	39.6%
CEO tenure	5.1yrs
CEO ownership	1.8%
Management average tenure	3.2yrs
Board average tenure	6yrs

Recent management updates

Recent updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Apr 24

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Sep 03

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Aug 13

Trade Alert: The Chief Executive Officer Of Magnora ASA (OB:MGN), Erik Sneve, Has Just Spent kr533k Buying 4.1% More Shares

Nov 23

CEO Compensation Analysis

How has Erik Sneve's remuneration changed compared to Magnora's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr179m
Dec 31 2023	kr7m	kr3m	kr193m
Sep 30 2023	n/a	n/a	kr251m
Jun 30 2023	n/a	n/a	kr253m
Mar 31 2023	n/a	n/a	kr38m
Dec 31 2022	kr5m	kr2m	kr13m
Sep 30 2022	n/a	n/a	-kr71m
Jun 30 2022	n/a	n/a	-kr71m
Mar 31 2022	n/a	n/a	-kr73m
Dec 31 2021	kr5m	kr2m	-kr63m
Sep 30 2021	n/a	n/a	-kr27m
Jun 30 2021	n/a	n/a	-kr4m
Mar 31 2021	n/a	n/a	kr18m
Dec 31 2020	kr5m	kr2m	kr29m
Sep 30 2020	n/a	n/a	kr27m
Jun 30 2020	n/a	n/a	kr25m
Mar 31 2020	n/a	n/a	kr15m
Dec 31 2019	kr2m	kr2m	kr20m

Compensation vs Market: Erik's total compensation ($USD656.87K) is above average for companies of similar size in the Norwegian market ($USD488.54K).

Compensation vs Earnings: Erik's compensation has increased by more than 20% in the past year.

CEO

Erik Sneve

5.1yrs

Tenure

kr7,291,000

Compensation

Mr. Erik Sneve serves as Chief Executive Officer of Magnora ASA and served as its Acting Chief Executive Officer since April 16, 2019.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Torstein Sanness	Executive Chairman	7yrs	kr1.21m	0.96% NOK 19.2m
Erik Sneve	Chief Executive Officer	5.1yrs	kr7.29m	1.79% NOK 35.9m
Bard Olsen	Chief Financial Officer	4.7yrs	kr3.38m	0.11% NOK 2.3m
Haakon Alfstad	Chief Executive Officer of Magnora Offshore Wind	3.2yrs	no data	0.17% NOK 3.4m
Hanne Wiger	Business Controller	1.3yrs	no data	0.0068% NOK 136.6k
Trond Gartner	Senior Vice President of Business Development	2.6yrs	no data	0.011% NOK 213.9k

3.2yrs

Average Tenure

Experienced Management: MGN's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Torstein Sanness	Executive Chairman	7yrs	kr1.21m	0.96% NOK 19.2m
John Hamilton	Director	5.4yrs	kr370.00k	0.051% NOK 1.0m
Hilde Adland	Director	6yrs	kr310.00k	0.059% NOK 1.2m

6.0yrs

Average Tenure

58yo

Average Age

Experienced Board: MGN's board of directors are considered experienced (6 years average tenure).

Magnora Management

Management criteria checks 2/4

Key information

Recent management updates

No independent directors

Magnora ASA, Annual General Meeting, Apr 23, 2024

Executive Chairman recently bought kr1.1m worth of stock

Magnora ASA, Annual General Meeting, Apr 25, 2023

No independent directors

Chief Financial Officer recently bought kr432k worth of stock

Recent updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Consensus revenue estimates fall by 61%

No independent directors

Magnora ASA Separates Its Legacy Business from Its Renewables Business

Consensus revenue estimates fall by 14%

Magnora Asa Authorizes Quarterly Cash Distribution, Payable on 2 November 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Magnora ASA, Annual General Meeting, Apr 23, 2024

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Executive Chairman recently bought kr1.1m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: Revenues miss analyst expectations

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Consensus revenue estimates increase by 33%

Magnora ASA (OB:MGN) commences an Equity Buyback for 6,682,268 shares, representing 10% of its issued share capital, under the authorization approved on April 25, 2023.

Magnora ASA Launches Capital Distribution Program

Consensus revenue estimates fall by 46%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

Full year 2022 earnings released: EPS: kr0.21 (vs kr1.11 loss in FY 2021)

Consensus revenue estimates decrease by 32%

Full year 2022 earnings released: EPS: kr0.058 (vs kr1.11 loss in FY 2021)

Magnora ASA to Report Q4, 2023 Results on Feb 13, 2024

Magnora ASA, Annual General Meeting, Apr 25, 2023

No independent directors

Third quarter 2022 earnings released

Magnora ASA announced that it expects to receive NOK 200 million in funding

Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

Second quarter 2022 earnings: Revenues exceed analyst expectations

Chief Financial Officer recently bought kr432k worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

No independent directors

Magnora ASA (OB:MGN) acquired additional 13.5% minority stake in Evolar AB.

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Magnora ASA (OB:MGN) acquired a 92% stake in African Green Ventures.

Insider recently bought kr495k worth of stock

Key Executive recently bought kr245k worth of stock

Magnora ASA (OB:MGN) acquired additional 9.3% stake in Evolar AB.

Insider recently bought kr50k worth of stock

Third quarter 2021 earnings released

Executive Chairman recently bought kr2.9m worth of stock

Director recently bought kr76k worth of stock

Magnora ASA (OB:MGN) acquired additional 15% stake in Helios Nordic Energy AB.

Insider recently bought kr202k worth of stock

Second quarter 2021 earnings released: kr0.17 loss per share (vs kr0.23 profit in 2Q 2020)

Magnora ASA (OSE: MGN) acquired an unknown minority stake in Kustvind AB.

Chief Executive Officer recently bought kr900k worth of stock

Investor sentiment deteriorated over the past week

Magnora ASA (OB:MGN) agreed to acquire additional 12.26% minority stake in Evolar AB.

First quarter 2021 earnings released

Executive Vice President of Operations recently bought kr447k worth of stock

Investor sentiment deteriorated over the past week

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

New 90-day high: kr29.80

Analysts lower revenue estimates to kr108.3m

Magnora ASA (OB:MGN) entered into agreement to acquire an additional 25% stake in Vindr AB.

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

Revenue and earnings beat expectations

Magnora ASA to Report Q4, 2021 Results on Feb 15, 2022

Magnora ASA Updates on Oddeheia and Bjelkeberg Wind Farm Project

Magnora ASA Appoints Peter Nygren as Executive Vice President

Magnora ASA (OB:MGN) entered into an agreement to acquire 25% stake in Helios Nordic Energy AB

New 90-day high: kr28.60

Investor sentiment improved over the past week

Is Magnora (OB:MGN) A Future Multi-bagger?

Magnora ASA Enters Partnership to Establish Floating Wind Company

Do Insiders Own Lots Of Shares In Magnora ASA (OB:MGN)?

Magnora ASA to Report Q3, 2021 Results on Nov 15, 2021

New 90-day high: kr28.00