Norbit ASA

OB:NORBT Stock Report

Market Cap: kr4.3b

Norbit Management

Management criteria checks 4/4

Norbit's CEO is Per Weisethaunet, appointed in Jan 2001, has a tenure of 23.33 years. total yearly compensation is NOK5.00M, comprised of 66% salary and 34% bonuses, including company stock and options. directly owns 11.73% of the company’s shares, worth NOK506.43M. The average tenure of the management team and the board of directors is 7.3 years and 3.5 years respectively.

Key information

Per Weisethaunet

Chief executive officer

kr5.0m

Total compensation

CEO salary percentage66.0%
CEO tenure23.3yrs
CEO ownership11.7%
Management average tenure7.3yrs
Board average tenure3.5yrs

Recent management updates

We Think Shareholders Will Probably Be Generous With Norbit ASA's (OB:NORBT) CEO Compensation

Apr 30
We Think Shareholders Will Probably Be Generous With Norbit ASA's (OB:NORBT) CEO Compensation

Recent updates

We Think Shareholders Will Probably Be Generous With Norbit ASA's (OB:NORBT) CEO Compensation

Apr 30
We Think Shareholders Will Probably Be Generous With Norbit ASA's (OB:NORBT) CEO Compensation

Norbit's (OB:NORBT) Dividend Will Be Increased To NOK2.55

Apr 26
Norbit's (OB:NORBT) Dividend Will Be Increased To NOK2.55

Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 10
Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year

If EPS Growth Is Important To You, Norbit (OB:NORBT) Presents An Opportunity

Oct 19
If EPS Growth Is Important To You, Norbit (OB:NORBT) Presents An Opportunity

Norbit (OB:NORBT) Could Become A Multi-Bagger

Aug 19
Norbit (OB:NORBT) Could Become A Multi-Bagger

Here's Why Norbit (OB:NORBT) Has Caught The Eye Of Investors

May 11
Here's Why Norbit (OB:NORBT) Has Caught The Eye Of Investors

Norbit (OB:NORBT) Will Pay A Larger Dividend Than Last Year At NOK0.70

Apr 02
Norbit (OB:NORBT) Will Pay A Larger Dividend Than Last Year At NOK0.70

Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 11
Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year

Norbit (OB:NORBT) Has Announced That It Will Be Increasing Its Dividend To NOK0.70

Feb 18
Norbit (OB:NORBT) Has Announced That It Will Be Increasing Its Dividend To NOK0.70

These 4 Measures Indicate That Norbit (OB:NORBT) Is Using Debt Reasonably Well

Dec 08
These 4 Measures Indicate That Norbit (OB:NORBT) Is Using Debt Reasonably Well

Norbit (OB:NORBT) Is Experiencing Growth In Returns On Capital

Nov 05
Norbit (OB:NORBT) Is Experiencing Growth In Returns On Capital

A Look At The Fair Value Of Norbit ASA (OB:NORBT)

May 11
A Look At The Fair Value Of Norbit ASA (OB:NORBT)

Is It Time To Consider Buying Norbit ASA (OB:NORBT)?

Sep 30
Is It Time To Consider Buying Norbit ASA (OB:NORBT)?

Upgrade: Analysts Just Made A Sizeable Increase To Their Norbit ASA (OB:NORBT) Forecasts

Aug 17
Upgrade: Analysts Just Made A Sizeable Increase To Their Norbit ASA (OB:NORBT) Forecasts

Investors Could Be Concerned With Norbit's (OB:NORBT) Returns On Capital

Aug 14
Investors Could Be Concerned With Norbit's (OB:NORBT) Returns On Capital

Here's Why Norbit (OB:NORBT) Has A Meaningful Debt Burden

Apr 16
Here's Why Norbit (OB:NORBT) Has A Meaningful Debt Burden

The Returns At Norbit (OB:NORBT) Provide Us With Signs Of What's To Come

Mar 17
The Returns At Norbit (OB:NORBT) Provide Us With Signs Of What's To Come

Declining Stock and Decent Financials: Is The Market Wrong About Norbit ASA (OB:NORBT)?

Mar 02
Declining Stock and Decent Financials: Is The Market Wrong About Norbit ASA (OB:NORBT)?

Group Chief Executive Officer Per Weisethaunet Just Bought A Handful Of Shares In Norbit ASA (OB:NORBT)

Feb 13
Group Chief Executive Officer Per Weisethaunet Just Bought A Handful Of Shares In Norbit ASA (OB:NORBT)

Should You Buy Norbit ASA (OB:NORBT) For Its Dividend?

Feb 02
Should You Buy Norbit ASA (OB:NORBT) For Its Dividend?

Is Norbit (OB:NORBT) Using Too Much Debt?

Jan 15
Is Norbit (OB:NORBT) Using Too Much Debt?

If You Had Bought Norbit's (OB:NORBT) Shares A Year Ago You Would Be Down 11%

Dec 28
If You Had Bought Norbit's (OB:NORBT) Shares A Year Ago You Would Be Down 11%

Can Norbit (OB:NORBT) Continue To Grow Its Returns On Capital?

Dec 14
Can Norbit (OB:NORBT) Continue To Grow Its Returns On Capital?

CEO Compensation Analysis

How has Per Weisethaunet's remuneration changed compared to Norbit's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023kr5mkr3m

kr185m

Sep 30 2023n/an/a

kr182m

Jun 30 2023n/an/a

kr172m

Mar 31 2023n/an/a

kr146m

Dec 31 2022kr5mkr3m

kr107m

Sep 30 2022n/an/a

kr79m

Jun 30 2022n/an/a

kr78m

Mar 31 2022n/an/a

kr62m

Dec 31 2021kr4mkr3m

kr48m

Sep 30 2021n/an/a

kr33m

Jun 30 2021n/an/a

kr37m

Mar 31 2021n/an/a

kr21m

Dec 31 2020kr3mkr3m

kr27m

Sep 30 2020n/an/a

kr55m

Jun 30 2020n/an/a

kr59m

Mar 31 2020n/an/a

kr48m

Dec 31 2019kr9mkr2m

kr77m

Sep 30 2019n/an/a

kr60m

Jun 30 2019n/an/a

kr49m

Mar 31 2019n/an/a

kr85m

Dec 31 2018kr2mkr2m

kr48m

Compensation vs Market: Per's total compensation ($USD450.47K) is about average for companies of similar size in the Norwegian market ($USD542.42K).

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

CEO

Per Weisethaunet

23.3yrs

Tenure

kr5,000,000

Compensation

Mr. Per Jorgen Weisethaunet has been Group Chief Executive Officer of Norbit ASA, which position he has held since joining in 2001. Mr. Weisethaunet has been the co-owner of NORBIT since 2008. Further, Mr....

Leadership Team

NamePositionTenureCompensationOwnership
Per Weisethaunet
Group Chief Executive Officer23.3yrskr5.00m11.73%
NOK 506.4m
Per Reppe
Group Chief Financial Officer3.8yrskr4.30m0.11%
NOK 4.8m
Stein Beyer
Group COO & Business Unit Director PIR12.3yrskr3.40m0.53%
NOK 22.8m
Arild Soraunet
Group Chief Technical Officer6.3yrskr2.80m1.15%
NOK 49.6m
Julie Benum
Director of Strategy & ESG1.3yrskr1.50m0.0019%
NOK 82.9k
Peter Eriksen
Business Unit Director of Oceans8.3yrskr6.00m1.37%
NOK 59.0m
Steffen Kirknes
Founder & Talent Managerno datakr60.00k17.12%
NOK 739.3m
Sture Ingdal
Finance Directorno datano data0.012%
NOK 532.0k

7.3yrs

Average Tenure

Experienced Management: NORBT's management team is seasoned and experienced (7.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Bente Landsnes
Independent Deputy Chairperson5yrskr395.00k0.12%
NOK 5.3m
Finn Haugan
Independent Chairperson5yrskr545.00k0.16%
NOK 6.8m
Trond Tuvstein
Independent Director5yrskr250.00k0.055%
NOK 2.4m
Tom Solberg
Deputy Director2yrskr92.00k0.11%
NOK 4.7m
Christina Hallin
Director2yrskr175.00kno data
Magnus Reitan
Director2yrskr195.00kno data

3.5yrs

Average Tenure

62yo

Average Age

Experienced Board: NORBT's board of directors are considered experienced (3.5 years average tenure).

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