Schibsted Management

Management criteria checks 3/4

Schibsted's CEO is Kristin Lund, appointed in Dec 2018, has a tenure of 5.42 years. total yearly compensation is NOK17.38M, comprised of 31.1% salary and 68.9% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth NOK5.32M. The average tenure of the management team and the board of directors is 4.6 years and 3 years respectively.

Key information

Kristin Lund

Chief executive officer

kr17.4m

Total compensation

CEO salary percentage	31.1%
CEO tenure	5.4yrs
CEO ownership	0.007%
Management average tenure	4.6yrs
Board average tenure	3yrs

Recent management updates

Recent updates

We Believe Schibsted's (OB:SCHA) Earnings Are A Poor Guide For Its Profitability

Apr 12

Is Schibsted ASA (OB:SCHA) Expensive For A Reason? A Look At Its Intrinsic Value

Nov 10

Here's Why We Think Schibsted (OB:SCHA) Is Well Worth Watching

Aug 29

Schibsted (OB:SCHA) Seems To Use Debt Rather Sparingly

Aug 03

CEO Compensation Analysis

How has Kristin Lund's remuneration changed compared to Schibsted's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr16b
Dec 31 2023	kr17m	kr5m	kr17b
Sep 30 2023	n/a	n/a	kr13b
Jun 30 2023	n/a	n/a	-kr5b
Mar 31 2023	n/a	n/a	-kr9b
Dec 31 2022	kr14m	kr5m	-kr23b
Sep 30 2022	n/a	n/a	-kr43b
Jun 30 2022	n/a	n/a	-kr39b
Mar 31 2022	n/a	n/a	-kr32b
Dec 31 2021	kr17m	kr5m	-kr19b
Sep 30 2021	n/a	n/a	kr1b
Jun 30 2021	n/a	n/a	kr1b
Mar 31 2021	n/a	n/a	kr1b
Dec 31 2020	kr13m	kr5m	kr1b
Sep 30 2020	n/a	n/a	kr1b
Jun 30 2020	n/a	n/a	kr855m
Mar 31 2020	n/a	n/a	kr227m
Dec 31 2019	kr9m	kr4m	kr307m
Sep 30 2019	n/a	n/a	kr40m
Jun 30 2019	n/a	n/a	kr371m
Mar 31 2019	n/a	n/a	kr790m
Dec 31 2018	kr5m	kr354k	kr648m

Compensation vs Market: Kristin's total compensation ($USD1.62M) is about average for companies of similar size in the Norwegian market ($USD1.30M).

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

CEO

Kristin Lund (57 yo)

5.4yrs

Tenure

kr17,377,000

Compensation

Ms. Kristin Skogen Lund serves as Chief Executive Officer at Schibsted ASA since December 1, 2018 and served as its Country Manager for Norway since December 1, 2018. She serves as a Director of Mozilla Co...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kristin Lund	Chief Executive Officer	5.4yrs	kr17.38m	0.0068% NOK 5.3m
Per Morland	Executive VP & Chief Financial Officer	less than a year	kr5.58m	no data
Andrew Tor Kvalseth	Executive VP Growth & Investments and Chief Investment Officer	2.8yrs	kr7.54m	0.0012% NOK 902.1k
Sven Thaulow	Executive VP	5.2yrs	kr7.65m	0.0054% NOK 4.2m
Grethe Malkmus	Chief People & Communications Officer	no data	kr4.18m	0.00079% NOK 614.3k
Christian Halvorsen	Executive Vice President of Nordic Marketplaces & Delivery	4.6yrs	kr8.28m	0.00027% NOK 210.0k
Siv Tveitnes	Executive Vice President of News Media	5.3yrs	kr6.72m	0.0049% NOK 3.8m
Jann-Boje Meinecke	VP & Head of Investor Relations	4.5yrs	no data	no data
Daniel Frykholm	VP & Head of Group Communication	no data	no data	no data
Bernt Olufsen	Editor	no data	no data	no data
Britt Nilsen	Head of Sustainability	no data	no data	no data
Susanna Erntell	SVP Finance & Strategy and CFO Marketplaces	no data	no data	no data

4.6yrs

Average Tenure

49yo

Average Age

Experienced Management: SCHA's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Karl-Christian Agerup	Chairman	4yrs	kr1.41m	0.0027% NOK 2.1m
Rune Bjerke	Independent Deputy Chair	3yrs	kr1.18m	0.0027% NOK 2.1m
Hugo Maurstad	Independent Director	3yrs	kr597.00k	0.049% NOK 38.0m
Satu Huber	Independent Director	4yrs	kr714.00k	0.00067% NOK 521.0k
Philippe Vimard	Independent Director	6yrs	kr847.00k	0.0085% NOK 6.6m
Ulrike Handel	Independent Director	1.1yrs	kr563.00k	no data
Satu Kiiskinen	Independent Director	2yrs	kr783.00k	no data
Maria Carling	Employee Representative Director	less than a year	kr465.00k	0.000050% NOK 38.9k
Marita Valvik	Employee Representative Director	1.3yrs	kr405.00k	no data
Henning Spjelkavik	Deputy Employee Representative Director	no data	kr138.00k	0.00097% NOK 754.3k
Hans Mjelva	Employee Representative Director	2.9yrs	kr714.00k	no data

3.0yrs

Average Tenure

58yo

Average Age

Experienced Board: SCHA's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.

Schibsted Management

Management criteria checks 3/4

Key information

Recent management updates

Schibsted ASA Announces Resignation of Kristin Skogen Lund as CEO

Schibsted Announces Resignation of Ragnar Kårhus as CFO

Less than half of directors are independent

Schibsted ASA Announces Board Changes

High number of new directors

Recent updates

Consensus revenue estimates fall by 25%

Schibsted ASA Approves Dividend for the Financial Year 2023

Upcoming dividend of kr2.00 per share

We Believe Schibsted's (OB:SCHA) Earnings Are A Poor Guide For Its Profitability

Full year 2023 earnings: EPS exceeds analyst expectations

What Is Schibsted ASA's (OB:SCHA) Share Price Doing?

Schibsted ASA (OB:SCHA) agreed to acquire HomeQ Technologies AB.

Dividend of kr2.00 announced

Full year 2023 earnings released: EPS: kr74.79 (vs kr96.43 loss in FY 2022)

Schibsted ASA Announces Resignation of Kristin Skogen Lund as CEO

Schibsted ASA Announces Dividend, Payable on May 8, 2024

Investor sentiment improves as stock rises 19%

Permira Advisers Ltd., The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P. and TCMI Inc. made an offer to acquire Adevinta ASA (OB:ADE) from Schibsted ASA (OB:SCHA), eBay Inc. (NasdaqGS:EBAY) and Permira Advisers Ltd. for NOK 141 billion.

Permira Advisers Ltd., The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P. and TCMI Inc. made an offer to acquire Adevinta ASA (OB:ADE) from Schibsted ASA (OB:SCHA), eBay Inc. (NasdaqGS:EBAY) and Permira Advisers Ltd. for NOK 141 billion.

Schibsted ASA to Report Q3, 2024 Results on Oct 25, 2024

Third quarter 2023 earnings released

New major risk - Revenue and earnings growth

Price target increased by 7.5% to kr271

Schibsted ASA (OB:SCHA) acquired 10.1% stake in Viaplay Group AB (publ) (OM:VPLAY B).

Polaris Media ASA (OB:POL) agreed to acquire Vestnytt As, AskøyvÆRingen A/S, Forlaget Strilen As, Øyposten As, Øyposten AS and Randaberg 24 As from Schibsted ASA (OB:SCHA).

Second quarter 2023 earnings: Revenues exceed analyst expectations

First quarter 2023 earnings released

Upcoming dividend of kr2.00 per share at 1.1% yield

Full year 2022 earnings: Revenues in line with analyst expectations

Schibsted ASA Proposes Cash Dividend for 2022, Payable on 10 May 2023

Schibsted Announces Resignation of Ragnar Kårhus as CFO

Now 21% undervalued

Less than half of directors are independent

Schibsted ASA to Report Fiscal Year 2022 Results on Mar 30, 2023

Third quarter 2022 earnings released

Schibsted ASA (OB:SCHA) acquired the 5% stake in Linear Oy.

Schibsted ASA to Report Q4, 2022 Results on Feb 10, 2023

Price target decreased to kr258

Price target decreased to kr262

Second quarter 2022 earnings released

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Schibsted ASA Announces Board Changes

Schibsted ASA to Report Q3, 2021 Results on Oct 27, 2022

Upcoming dividend of kr2.00 per share

High number of new directors

Full year 2021 earnings: EPS misses analyst expectations

Schibsted ASA (OB:SCHA) acquired 3Byggetilbud.Dk A/S.

Now 22% undervalued after recent price drop

We Think Schibsted (OB:SCHA) Can Manage Its Debt With Ease

Now 22% undervalued after recent price drop

Price target decreased to kr377

Price target decreased to kr380

Price target decreased to kr390

Schibsted ASA Reports Impairment for the Fourth Quarter Ended December 2021

Full year 2021 earnings: Revenues in line with analyst expectations

Now 23% undervalued after recent price drop

A Look At The Intrinsic Value Of Schibsted ASA (OB:SCHA)

Price target decreased to kr414

Price target decreased to kr449

Sweetdeal A/S agreed to acquire Let's deal AS from Schibsted ASA (OB:SCHA).

Schibsted (OB:SCHA) Has A Rock Solid Balance Sheet

Is Schibsted ASA (OB:SCHA) Expensive For A Reason? A Look At Its Intrinsic Value

Third quarter 2021 earnings released

Tibber AB acquired Kundkraft Sverige AB from Schibsted ASA (OB:SCHA).

Here's Why We Think Schibsted (OB:SCHA) Is Well Worth Watching

Schibsted (OB:SCHA) Seems To Use Debt Rather Sparingly

Second quarter 2021 earnings released: EPS kr1.88 (vs kr2.16 in 2Q 2020)

Consensus forecasts updated

First quarter 2021 earnings released: EPS kr1.68 (vs kr0.94 in 1Q 2020)

Upcoming dividend of kr2.00 per share

Full year 2020 earnings released: EPS kr4.67 (vs kr1.29 in FY 2019)

New 90-day high: kr367