Kitron Management

Management criteria checks 2/4

Kitron's CEO is Lars Nilsson, appointed in Nov 2014, has a tenure of 9.42 years. total yearly compensation is €1.92M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 1.33% of the company’s shares, worth NOK78.15M. The average tenure of the management team and the board of directors is 9.4 years and 4.9 years respectively.

Key information

Lars Nilsson

Chief executive officer

€1.9m

Total compensation

CEO salary percentage	16.7%
CEO tenure	9.4yrs
CEO ownership	1.3%
Management average tenure	9.4yrs
Board average tenure	4.9yrs

Recent management updates

Shareholders May Be More Conservative With Kitron ASA's (OB:KIT) CEO Compensation For Now

Apr 19

Recent updates

Kitron (OB:KIT) Has Announced That It Will Be Increasing Its Dividend To €0.75

Apr 20

Shareholders May Be More Conservative With Kitron ASA's (OB:KIT) CEO Compensation For Now

Apr 19

Analyst Estimates: Here's What Brokers Think Of Kitron ASA (OB:KIT) After Its Annual Report

Feb 18

Analysts Have Just Cut Their Kitron ASA (OB:KIT) Revenue Estimates By 12%

Dec 20

What Is Kitron ASA's (OB:KIT) Share Price Doing?

Dec 14

These 4 Measures Indicate That Kitron (OB:KIT) Is Using Debt Reasonably Well

Oct 26

Are Investors Undervaluing Kitron ASA (OB:KIT) By 23%?

Aug 23

Kitron (OB:KIT) Is Reinvesting To Multiply In Value

Jul 16

Is Now The Time To Put Kitron (OB:KIT) On Your Watchlist?

Jul 04

Forecast: Analysts Think Kitron ASA's (OB:KIT) Business Prospects Have Improved Drastically

May 03

What Is Kitron ASA's (OB:KIT) Share Price Doing?

Feb 16

Capital Allocation Trends At Kitron (OB:KIT) Aren't Ideal

Apr 29

Kitron (OB:KIT) Has Announced That Its Dividend Will Be Reduced To kr0.25

Apr 01

Is Kitron (OB:KIT) Using Too Much Debt?

Oct 19

Here's Why I Think Kitron (OB:KIT) Might Deserve Your Attention Today

Jun 10

Kitron (OB:KIT) Knows How To Allocate Capital Effectively

May 30

Is There An Opportunity With Kitron ASA's (OB:KIT) 21% Undervaluation?

May 17

We Take A Look At Why Kitron ASA's (OB:KIT) CEO Has Earned Their Pay Packet

Apr 14

These 4 Measures Indicate That Kitron (OB:KIT) Is Using Debt Reasonably Well

Apr 05

CEO Compensation Analysis

How has Lars Nilsson's remuneration changed compared to Kitron's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€2m	€321k	€51m
Sep 30 2023	n/a	n/a	€46m
Jun 30 2023	n/a	n/a	€42m
Mar 31 2023	n/a	n/a	€34m
Dec 31 2022	€1m	€298k	€28m
Sep 30 2022	n/a	n/a	€22m
Jun 30 2022	n/a	n/a	€17m
Mar 31 2022	n/a	n/a	€16m
Dec 31 2021	€481k	€302k	€15m
Sep 30 2021	n/a	n/a	€16m
Jun 30 2021	n/a	n/a	€20m
Mar 31 2021	n/a	n/a	€22m
Dec 31 2020	€650k	€288k	€20m
Sep 30 2020	n/a	n/a	€18m
Jun 30 2020	n/a	n/a	€15m
Mar 31 2020	n/a	n/a	€12m
Dec 31 2019	€2m	€296k	€13m
Sep 30 2019	n/a	n/a	€13m
Jun 30 2019	n/a	n/a	€13m
Mar 31 2019	n/a	n/a	€13m
Dec 31 2018	€533k	€281k	€11m
Sep 30 2018	n/a	n/a	€12m
Jun 30 2018	n/a	n/a	€11m
Mar 31 2018	n/a	n/a	€11m
Dec 31 2017	€551k	€283k	€10m

Compensation vs Market: Lars's total compensation ($USD2.07M) is above average for companies of similar size in the Norwegian market ($USD552.61K).

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

CEO

Lars Nilsson (59 yo)

9.4yrs

Tenure

€1,924,201

Compensation

Mr. Lars Peter Nilsson has been the Chief Executive Officer of Kitron ASA since November 10, 2014 and serves as President. He served as the President of Electronics Technology Division at PartnerTech AB un...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lars Nilsson	CEO & President	9.4yrs	€1.92m	1.33% € 78.2m
Cathrin Nylander	Chief Financial Officer	10.7yrs	€825.15k	0.55% € 32.1m
Kristoffer Asklov	Chief Operating Officer	2.6yrs	€821.23k	0.073% € 4.3m
Stian Haugen	Chief Technology Officer	no data	€634.09k	0.051% € 3.0m
Mindaugas Sestokas	Vice President of Central Eastern Europe	no data	€795.38k	0.24% € 14.3m
Hans Thomassen	Vice President of Nordics & North America	no data	€742.06k	0.26% € 15.4m
Magnus Lindseth	General Manager of Kitron Sweden and Board Observer	no data	€1.22k	no data

9.4yrs

Average Tenure

52yo

Average Age

Experienced Management: KIT's management team is seasoned and experienced (9.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Magnus Lindseth	General Manager of Kitron Sweden and Board Observer	no data	€1.22k	no data
Tuomo Lahdesmaki	Independent Chairman of the Board	10.2yrs	€57.42k	0.15% € 8.8m
Espen Gundersen	Independent Director	7yrs	€33.08k	0.029% € 1.7m
Maalfrid Brath	Independent Director	6yrs	€27.28k	0.016% € 970.1k
Gro Braekken	Independent Deputy Chair of the Board	9yrs	€28.98k	0.027% € 1.6m
Michael Thomsen	Independent Board Director	2yrs	€29.15k	0.0044% € 257.7k
Elisabeth Jacobsen	Employee Representative Deputy Board Member	no data	€6.80k	no data
Jarle Larsen	Employee Representative Director	4.9yrs	€24.79k	0.011% € 627.7k
Vidar Hushovd	Employee Representative Deputy Board Member	no data	no data	no data
Petra Grandinson	Independent Director	4yrs	€27.28k	0.012% € 680.7k
Tone Aas	Employee Representative Director	less than a year	€18.72k	no data
Henriette Stene	Employee Representative Director	less than a year	€18.72k	no data

4.9yrs

Average Tenure

58yo

Average Age

Experienced Board: KIT's board of directors are considered experienced (4.9 years average tenure).

Kitron Management

Management criteria checks 2/4

Key information

Recent management updates

Shareholders May Be More Conservative With Kitron ASA's (OB:KIT) CEO Compensation For Now

Kitron ASA, Annual General Meeting, Apr 25, 2024

Insider recently sold kr1.4m worth of stock

Independent Chairman of the Board recently bought kr249k worth of stock

Insufficient new directors

Independent Director recently bought kr54k worth of stock

Recent updates

Kitron (OB:KIT) Has Announced That It Will Be Increasing Its Dividend To €0.75

Upcoming dividend of kr0.75 per share

Shareholders May Be More Conservative With Kitron ASA's (OB:KIT) CEO Compensation For Now

Kitron's (OB:KIT) Shareholders Will Receive A Bigger Dividend Than Last Year

Full year 2023 earnings: EPS exceeds analyst expectations

Kitron (OB:KIT) Is Paying Out A Larger Dividend Than Last Year

Kitron (OB:KIT) Is Paying Out A Larger Dividend Than Last Year

Analyst Estimates: Here's What Brokers Think Of Kitron ASA (OB:KIT) After Its Annual Report

Dividend of kr0.75 announced

Kitron ASA Reiterates Earnings Guidance for the Year 2024

Kitron ASA Proposes Cash Dividend, Payable on or About 16 May 2024

Analysts Have Just Cut Their Kitron ASA (OB:KIT) Revenue Estimates By 12%

What Is Kitron ASA's (OB:KIT) Share Price Doing?

Now 21% undervalued after recent price drop

Kitron Provides Earnings Guidance for the Third Quarter of 2023 and Full Year 2024

Kitron ASA, Annual General Meeting, Apr 25, 2024

Now 20% undervalued after recent price drop

New major risk - Financial position

Third quarter 2023 earnings: EPS exceeds analyst expectations

Price target decreased by 14% to kr37.50

Kitron ASA Reiterates Earnings Guidance for the Year 2023

These 4 Measures Indicate That Kitron (OB:KIT) Is Using Debt Reasonably Well

Price target decreased by 11% to kr41.00

Price target decreased by 11% to kr43.50

Insider recently sold kr1.4m worth of stock

Are Investors Undervaluing Kitron ASA (OB:KIT) By 23%?

Now 21% undervalued after recent price drop

Kitron (OB:KIT) Is Reinvesting To Multiply In Value

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Kitron ASA Revises Earnings Guidance for the Fiscal Year 2023

Is Now The Time To Put Kitron (OB:KIT) On Your Watchlist?

Independent Chairman of the Board recently bought kr249k worth of stock

Kitron ASA (OB:KIT) commences an Equity Buyback Plan, under the authorization approved on April 28, 2023.

Investor sentiment improves as stock rises 15%

Forecast: Analysts Think Kitron ASA's (OB:KIT) Business Prospects Have Improved Drastically

Insufficient new directors

Consensus EPS estimates increase by 11%

Upcoming dividend of kr0.50 per share at 1.4% yield

Full year 2022 earnings: EPS misses analyst expectations

Full year 2022 earnings: EPS misses analyst expectations

What Is Kitron ASA's (OB:KIT) Share Price Doing?

Kitron ASA to Report First Half, 2023 Results on Jul 13, 2023

Kitron ASA Provides Earnings Guidance for Year 2023

Kitron Asa Provides Outlook for the Third-Quarter and Full-Year 2022

Consensus EPS estimates increase by 13%

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Kitron Asa Raises Earning Guidance for 2022

Price target decreased to kr24.50

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Kitron ASA Revises Earnings Guidance for the Full Year 2022

Investor sentiment improved over the past week

Independent Director recently bought kr54k worth of stock

Capital Allocation Trends At Kitron (OB:KIT) Aren't Ideal

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

Kitron ASA Provides Earnings Guidance for the Year 2022

Upcoming dividend of kr0.25 per share

Kitron ASA Proposes Dividend for the Financial Year 2021, Payable on or About May 16, 2022

Kitron (OB:KIT) Has Announced That Its Dividend Will Be Reduced To kr0.25

Now 21% undervalued

Kitron ASA Provides Earnings Guidance for the Year 2022

Kitron Asa Provides Earnings Guidance for the Year 2022

Kitron ASA Proposes Dividend

Kitron ASA to Report Q4, 2022 Results on Feb 15, 2023

Kitron ASA (OB:KIT) completed the acquisition of BB Electronics A/S from external investors and management.

Kitron ASA (OB:KIT) entered into an agreement to acquire BB Electronics A/S from BB Electronics Holding ApS, external investors and BB Electronics management for DKK 600 million.

Kitron ASA Expects Production Halt to Last Two Weeks

Third quarter 2021 earnings released: EPS kr0.11 (vs kr0.34 in 3Q 2020)

Is Kitron (OB:KIT) Using Too Much Debt?

Upcoming dividend of kr0.35 per share