Reach Subsea ASA

OB:REACH Stock Report

Market Cap: NOK 2.0b

Reach Subsea Management

Management criteria checks 4/4

Reach Subsea's CEO is Jostein Alendal, appointed in Nov 2014, has a tenure of 10.17 years. total yearly compensation is NOK3.25M, comprised of 67.4% salary and 32.6% bonuses, including company stock and options. directly owns 0.055% of the company’s shares, worth NOK1.12M. The average tenure of the management team and the board of directors is 7.9 years and 4.7 years respectively.

Key information

Jostein Alendal

Chief executive officer

NOK 3.2m

Total compensation

CEO salary percentage67.4%
CEO tenure10.2yrs
CEO ownership0.06%
Management average tenure7.9yrs
Board average tenure4.7yrs

Recent management updates

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

May 24
We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

Recent updates

Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price

Dec 06
Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 04
Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Aug 06
Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Jun 26
Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Jun 22
Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

May 30
Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

May 24
We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Apr 25
Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Feb 22
Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Feb 17
Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

Nov 13
Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Aug 27
News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

Aug 25
Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

Feb 08
With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested

Jul 20
The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested

Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise

Jun 04
Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise

We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet

May 19
We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet

CEO Compensation Analysis

How has Jostein Alendal's remuneration changed compared to Reach Subsea's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 241m

Jun 30 2024n/an/a

NOK 227m

Mar 31 2024n/an/a

NOK 226m

Dec 31 2023NOK 3mNOK 2m

NOK 226m

Sep 30 2023n/an/a

NOK 181m

Jun 30 2023n/an/a

NOK 155m

Mar 31 2023n/an/a

NOK 112m

Dec 31 2022NOK 3mNOK 2m

NOK 72m

Sep 30 2022n/an/a

NOK 83m

Jun 30 2022n/an/a

NOK 75m

Mar 31 2022n/an/a

NOK 47m

Dec 31 2021NOK 3mNOK 2m

NOK 94m

Sep 30 2021n/an/a

NOK 85m

Jun 30 2021n/an/a

NOK 75m

Mar 31 2021n/an/a

NOK 86m

Dec 31 2020NOK 2mNOK 2m

NOK 43m

Sep 30 2020n/an/a

NOK 4m

Jun 30 2020n/an/a

-NOK 25m

Mar 31 2020n/an/a

-NOK 50m

Dec 31 2019NOK 2mNOK 2m

-NOK 36m

Sep 30 2019n/an/a

-NOK 15m

Jun 30 2019n/an/a

-NOK 11m

Mar 31 2019n/an/a

-NOK 9m

Dec 31 2018NOK 2mNOK 2m

-NOK 10m

Compensation vs Market: Jostein's total compensation ($USD284.92K) is below average for companies of similar size in the Norwegian market ($USD531.73K).

Compensation vs Earnings: Jostein's compensation has been consistent with company performance over the past year.

CEO

Jostein Alendal

10.2yrs

Tenure

NOK 3,247,000

Compensation

Mr. Jostein Alendal has been the Chief Executive Officer of Reach Subsea ASA since November 2014 and serves as its Managing Director. Mr. Alendal served as Business Development Manager at Reach Subsea ASA....

Leadership Team

NamePositionTenureCompensationOwnership
Jostein Alendal
CEO & MD10.2yrsNOK 3.25m0.055%
NOK 1.1m
Birgitte Johansen
Chief Financial Officerno dataNOK 3.28m0.11%
NOK 2.2m
Inge Grutle
Chief Operations Officer8.3yrsNOK 3.23m0.45%
NOK 9.1m
Audun Brandtzaeg
Chief Technology Officer2yrsNOK 3.03m0.074%
NOK 1.5m
Bard Hogheim
Chief Commercial Officer7.8yrsNOK 3.42m0.29%
NOK 5.9m
Sven Storesund
Asset Manager7.9yrsno datano data

7.9yrs

Average Tenure

Experienced Management: REACH's management team is seasoned and experienced (7.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anders Onarheim
Independent Director12.2yrsNOK 255.00k0.33%
NOK 6.7m
Martha Kold Bakkevig
Director4.7yrsNOK 255.00kno data
Espen Gjerde
Board Observer & Director2.8yrsNOK 255.00kno data
Rachid Bendriss
Chairperson4.7yrsNOK 503.00kno data
Kristine Skeie
Independent Director6.7yrsNOK 306.00k0.22%
NOK 4.5m
Ingunn Iveland
Independent Director6yrsNOK 332.00kno data
Arvid Pettersen
Board Observer & Director2.8yrsNOK 255.00kno data

4.7yrs

Average Tenure

55yo

Average Age

Experienced Board: REACH's board of directors are considered experienced (4.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 00:19
End of Day Share Price 2025/01/08 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

Reach Subsea ASA is covered by 5 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
Glenn LoddenDNB Markets
Øystein VaagenFearnley Securities
Magnus AndersenFearnley Securities