Kitron ASA

OB:KIT Stock Report

Market Cap: NOK 11.5b

Kitron Management

Management criteria checks 2/4

Kitron's CEO is Lars Nilsson, appointed in Nov 2014, has a tenure of 10.58 years. total yearly compensation is €1.16M, comprised of 26.9% salary and 73.1% bonuses, including company stock and options. directly owns 1.1% of the company’s shares, worth NOK125.91M. The average tenure of the management team and the board of directors is 10.6 years and 1.4 years respectively.

Key information

Lars Nilsson

Chief executive officer

€1.2m

Total compensation

CEO salary percentage26.89%
CEO tenure10.6yrs
CEO ownership1.1%
Management average tenure10.6yrs
Board average tenure1.4yrs

Recent management updates

Kitron ASA's (OB:KIT) CEO Compensation Is Looking A Bit Stretched At The Moment

Apr 18
Kitron ASA's (OB:KIT) CEO Compensation Is Looking A Bit Stretched At The Moment

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

Apr 19
Shareholders May Be More Conservative With Kitron ASA's (OB:KIT) CEO Compensation For Now

Recent updates

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

May 28
Is Kitron (OB:KIT) Using Too Much Debt?

Kitron ASA's (OB:KIT) CEO Compensation Is Looking A Bit Stretched At The Moment

Apr 18
Kitron ASA's (OB:KIT) CEO Compensation Is Looking A Bit Stretched At The Moment

After Leaping 26% Kitron ASA (OB:KIT) Shares Are Not Flying Under The Radar

Mar 19
After Leaping 26% Kitron ASA (OB:KIT) Shares Are Not Flying Under The Radar
author-image

Expansion In Norway And Sweden Will Increase Production Capacity

Restructuring and strategic investments are set to streamline costs, optimize production, and boost profitability and growth.

Kitron ASA Just Missed EPS By 6.9%: Here's What Analysts Think Will Happen Next

Feb 16
Kitron ASA Just Missed EPS By 6.9%: Here's What Analysts Think Will Happen Next

Kitron (OB:KIT) Has A Somewhat Strained Balance Sheet

Jan 23
Kitron (OB:KIT) Has A Somewhat Strained Balance Sheet

Kitron ASA Just Recorded A 30% EPS Beat: Here's What Analysts Are Forecasting Next

Oct 27
Kitron ASA Just Recorded A 30% EPS Beat: Here's What Analysts Are Forecasting Next

Here's What To Make Of Kitron's (OB:KIT) Decelerating Rates Of Return

Sep 24
Here's What To Make Of Kitron's (OB:KIT) Decelerating Rates Of Return

There's Reason For Concern Over Kitron ASA's (OB:KIT) Massive 27% Price Jump

Jul 14
There's Reason For Concern Over Kitron ASA's (OB:KIT) Massive 27% Price Jump

Should You Be Adding Kitron (OB:KIT) To Your Watchlist Today?

Jul 12
Should You Be Adding Kitron (OB:KIT) To Your Watchlist Today?

Earnings Miss: Kitron ASA Missed EPS By 40% And Analysts Are Revising Their Forecasts

May 01
Earnings Miss: Kitron ASA Missed EPS By 40% And Analysts Are Revising Their Forecasts

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

Apr 20
Kitron (OB:KIT) Has Announced That It Will Be Increasing Its Dividend To €0.75

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

Apr 19
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

Apr 05
Kitron's (OB:KIT) Shareholders Will Receive A Bigger Dividend Than Last Year

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

Mar 14
Kitron (OB:KIT) Is Paying Out A Larger Dividend Than Last Year

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

Feb 21
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

Feb 18
Analyst Estimates: Here's What Brokers Think Of Kitron ASA (OB:KIT) After Its Annual Report

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

Dec 20
Analysts Have Just Cut Their Kitron ASA (OB:KIT) Revenue Estimates By 12%

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

Dec 14
What Is Kitron ASA's (OB:KIT) Share Price Doing?

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

Oct 26
These 4 Measures Indicate That Kitron (OB:KIT) Is Using Debt Reasonably Well

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

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

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

Jul 16
Kitron (OB:KIT) Is Reinvesting To Multiply In Value

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

Jul 04
Is Now The Time To Put Kitron (OB:KIT) On Your Watchlist?

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

May 03
Forecast: Analysts Think Kitron ASA's (OB:KIT) Business Prospects Have Improved Drastically

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

Feb 16
What Is Kitron ASA's (OB:KIT) Share Price Doing?

CEO Compensation Analysis

How has Lars Nilsson's remuneration changed compared to Kitron's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

€29m

Dec 31 2024€1m€313k

€28m

Sep 30 2024n/an/a

€36m

Jun 30 2024n/an/a

€39m

Mar 31 2024n/an/a

€44m

Dec 31 2023€2m€321k

€51m

Sep 30 2023n/an/a

€48m

Jun 30 2023n/an/a

€46m

Mar 31 2023n/an/a

€37m

Dec 31 2022€1m€298k

€28m

Sep 30 2022n/an/a

€22m

Jun 30 2022n/an/a

€17m

Mar 31 2022n/an/a

€16m

Dec 31 2021€481k€302k

€15m

Sep 30 2021n/an/a

€16m

Jun 30 2021n/an/a

€20m

Mar 31 2021n/an/a

€22m

Dec 31 2020€650k€288k

€20m

Sep 30 2020n/an/a

€18m

Jun 30 2020n/an/a

€15m

Mar 31 2020n/an/a

€12m

Dec 31 2019€2m€296k

€13m

Sep 30 2019n/an/a

€13m

Jun 30 2019n/an/a

€13m

Mar 31 2019n/an/a

€13m

Dec 31 2018€533k€281k

€11m

Compensation vs Market: Lars's total compensation ($USD1.33M) is above average for companies of similar size in the Norwegian market ($USD799.33K).

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

CEO

Lars Nilsson (61 yo)

10.6yrs
Tenure
€1,163,159
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

NamePositionTenureCompensationOwnership
Lars Nilsson
CEO & President10.6yrs€1.16m1.1%
NOK 125.9m
Cathrin Nylander
Chief Financial Officer11.8yrs€525.28k0.59%
NOK 68.0m
Kristoffer Asklov
COO & Sales Director3.8yrs€544.87k0.099%
NOK 11.3m
Stian Haugen
Chief Technology Officerno data€420.14k0.066%
NOK 7.5m
Mindaugas Sestokas
Vice President of Central Eastern Europeno data€550.80k0.29%
NOK 33.7m
Hans Thomassen
Vice President of Nordics & North Americano data€526.21k0.29%
NOK 32.9m
Magnus Lindseth
General Manager of Kitron Sweden and Board Observerno data€1.22kno data
10.6yrs
Average Tenure
54yo
Average Age

Experienced Management: KIT's management team is seasoned and experienced (10.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Magnus Lindseth
General Manager of Kitron Sweden and Board Observerno data€1.22kno data
Tuomo Lahdesmaki
Independent Chairman of the Board11.3yrs€60.46k0.15%
NOK 17.6m
Gyrid Ingero
Independent Director1.4yrs€28.66k0.0089%
NOK 1.0m
Maalfrid Brath
Independent Deputy Chairman7.2yrs€29.08k0.019%
NOK 2.2m
Geir Vedøy
Employee Elected Directorless than a year€4.64kno data
Michael Thomsen
Independent Board Director3.2yrs€31.80k0.0065%
NOK 750.0k
Elisabeth Jacobsen
Employee Representative Deputy Board Memberno data€6.80kno data
Vidar Hushovd
Employee Representative Deputy Board Memberno datano datano data
Petra Grandinson
Independent Director5.2yrs€29.08k0.014%
NOK 1.6m
Ingjerd Livollen
Employee Elected Directorless than a yearno datano data
Hakon Ljostad
Directorless than a yearno datano data
Haakon Ljostad
Employee Representative Directorless than a yearno datano data
1.4yrs
Average Tenure
58yo
Average Age

Experienced Board: KIT's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/10 10:35
End of Day Share Price 2025/06/06 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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

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 Github.

Analyst Sources

Kitron ASA is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Magnus GranerødBeringer Finance AB
Emilie EngenDNB Carnegie