Kitron ASA

OB:KIT Stock Report

Market Cap: NOK 6.7b

Kitron Management

Management criteria checks 2/4

Kitron's CEO is Lars Nilsson, appointed in Nov 2014, has a tenure of 10.08 years. total yearly compensation is €1.92M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 1.46% of the company’s shares, worth NOK98.18M. The average tenure of the management team and the board of directors is 10.1 years and 3.7 years respectively.

Key information

Lars Nilsson

Chief executive officer

€1.9m

Total compensation

CEO salary percentage16.7%
CEO tenure10.1yrs
CEO ownership1.5%
Management average tenure10.1yrs
Board average tenure3.7yrs

Recent management updates

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

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?

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

Apr 29
Capital Allocation Trends At Kitron (OB:KIT) Aren't Ideal

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

Apr 01
Kitron (OB:KIT) Has Announced That Its Dividend Will Be Reduced To kr0.25

CEO Compensation Analysis

How has Lars Nilsson's remuneration changed compared to Kitron's earnings?
DateTotal CompensationSalaryCompany Earnings
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

Sep 30 2018n/an/a

€12m

Jun 30 2018n/an/a

€11m

Mar 31 2018n/an/a

€11m

Dec 31 2017€551k€283k

€10m

Compensation vs Market: Lars's total compensation ($USD2.00M) is above average for companies of similar size in the Norwegian market ($USD466.37K).

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

CEO

Lars Nilsson (60 yo)

10.1yrs

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

NamePositionTenureCompensationOwnership
Lars Nilsson
CEO & President10.1yrs€1.92m1.46%
NOK 98.2m
Cathrin Nylander
Chief Financial Officer11.3yrs€825.15k0.62%
NOK 41.5m
Kristoffer Asklov
Chief Operating Officer3.3yrs€821.23k0.12%
NOK 8.3m
Stian Haugen
Chief Technology Officerno data€634.09k0.10%
NOK 6.8m
Mindaugas Sestokas
Vice President of Central Eastern Europeno data€795.38k0.29%
NOK 19.6m
Hans Thomassen
Vice President of Nordics & North Americano data€742.06k0.31%
NOK 20.9m
Magnus Lindseth
General Manager of Kitron Sweden and Board Observerno data€1.22kno data

10.1yrs

Average Tenure

53yo

Average Age

Experienced Management: KIT's management team is seasoned and experienced (10.1 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 Board10.8yrs€57.42k0.15%
NOK 10.3m
Gyrid Ingero
Directorless than a yearno datano data
Maalfrid Brath
Independent Director6.7yrs€27.28k0.019%
NOK 1.3m
Michael Thomsen
Independent Board Director2.7yrs€29.15k0.0066%
NOK 440.6k
Elisabeth Jacobsen
Employee Representative Deputy Board Memberno data€6.80kno data
Jarle Larsen
Employee Representative Director5.6yrs€24.79k0.011%
NOK 768.2k
Vidar Hushovd
Employee Representative Deputy Board Memberno datano datano data
Andrea-Sofie Berli
Employee Representative Deputy Board Memberno datano datano data
Petra Grandinson
Independent Director4.7yrs€27.28k0.014%
NOK 922.2k
Tone Aas
Employee Representative Director1.7yrs€18.72k0.00077%
NOK 51.8k
Henriette Stene
Employee Representative Director1.7yrs€18.72k0.00077%
NOK 51.8k

3.7yrs

Average Tenure

56.5yo

Average Age

Experienced Board: KIT's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 02:55
End of Day Share Price 2024/12/30 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

Kitron ASA is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Magnus GranerødBeringer Finance AB
Christoffer BjørnsenDNB Markets
Emilie EngenDNB Markets