Elmera Group Management

Management criteria checks 3/4

Elmera Group's CEO is Rolf Barmen, appointed in Jan 2013, has a tenure of 11.33 years. total yearly compensation is NOK4.78M, comprised of 72.8% salary and 27.2% bonuses, including company stock and options. directly owns 0.063% of the company’s shares, worth NOK2.18M. The average tenure of the management team and the board of directors is 1.8 years and 3.1 years respectively.

Key information

Rolf Barmen

Chief executive officer

kr4.8m

Total compensation

CEO salary percentage	72.8%
CEO tenure	11.3yrs
CEO ownership	0.06%
Management average tenure	1.8yrs
Board average tenure	3.1yrs

Recent management updates

We Think Elmera Group ASA's (OB:ELMRA) CEO Compensation Package Needs To Be Put Under A Microscope

Apr 18

Recent updates

We Think Elmera Group ASA's (OB:ELMRA) CEO Compensation Package Needs To Be Put Under A Microscope

Apr 18

We Like The Quality Of Elmera Group's (OB:ELMRA) Earnings

Feb 22

We Think Elmera Group (OB:ELMRA) Is Taking Some Risk With Its Debt

Jan 27

Investors Appear Satisfied With Elmera Group ASA's (OB:ELMRA) Prospects As Shares Rocket 25%

Dec 23

New Forecasts: Here's What Analysts Think The Future Holds For Elmera Group ASA (OB:ELMRA)

Dec 17

Time To Worry? Analysts Are Downgrading Their Elmera Group ASA (OB:ELMRA) Outlook

Jan 20

Is It Too Late To Consider Buying Elmera Group ASA (OB:ELMRA)?

Dec 24

This Just In: Analysts Are Boosting Their Elmera Group ASA (OB:ELMRA) Outlook for Next Year

Nov 05

CEO Compensation Analysis

How has Rolf Barmen's remuneration changed compared to Elmera Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr201m
Dec 31 2023	kr5m	kr3m	kr192m
Sep 30 2023	n/a	n/a	kr60m
Jun 30 2023	n/a	n/a	kr7m
Mar 31 2023	n/a	n/a	kr86m
Dec 31 2022	kr5m	kr3m	kr74m
Sep 30 2022	n/a	n/a	kr120m
Jun 30 2022	n/a	n/a	kr197m
Mar 31 2022	n/a	n/a	kr207m
Dec 31 2021	kr5m	kr3m	kr257m
Sep 30 2021	n/a	n/a	kr328m
Jun 30 2021	n/a	n/a	kr347m
Mar 31 2021	n/a	n/a	kr350m
Dec 31 2020	kr5m	kr3m	kr400m
Sep 30 2020	n/a	n/a	kr452m
Jun 30 2020	n/a	n/a	kr446m
Mar 31 2020	n/a	n/a	kr419m
Dec 31 2019	kr4m	kr3m	kr370m
Sep 30 2019	n/a	n/a	kr316m
Jun 30 2019	n/a	n/a	kr308m
Mar 31 2019	n/a	n/a	kr286m
Dec 31 2018	kr4m	kr3m	kr254m
Sep 30 2018	n/a	n/a	kr250m
Jun 30 2018	n/a	n/a	kr259m
Mar 31 2018	n/a	n/a	kr250m
Dec 31 2017	kr4m	kr2m	kr252m

Compensation vs Market: Rolf's total compensation ($USD447.22K) is about average for companies of similar size in the Norwegian market ($USD567.54K).

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

CEO

Rolf Barmen (59 yo)

11.3yrs

Tenure

kr4,776,000

Compensation

Mr. Rolf Barmen has been the Chief Executive Officer at Elmera Group ASA (formerly known as Fjordkraft Holding ASA) since 2013 and serves as its President. Mr. Barmen has been Chairman of Trondheim Kraft A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rolf Barmen	President & CEO	11.3yrs	kr4.78m	0.063% NOK 2.2m
Henning Nordgulen	Executive VP & Group Chief Financial Officer	1.6yrs	kr3.22m	0.046% NOK 1.6m
Kari Marvik	Executive VP & Chief Information Officer	less than a year	kr1.72m	no data
Jeanne Tjomsland	Executive VP and Head of HR & Communications	no data	kr1.91m	0.024% NOK 819.9k
Arnstein Flaskerud	Executive VP	less than a year	kr2.50m	0.037% NOK 1.3m
Solfrid Aase	Executive VP & Head of Service Companies	7.3yrs	kr2.08m	0.010% NOK 351.4k
Roger Finnanger	Executive VP & Head of Business	5.3yrs	kr2.20m	0.0031% NOK 106.5k
Solfrid Andersen	Executive VP & Head of Power Markets and Energy Supply	less than a year	kr2.13m	0.0047% NOK 162.8k
Per Heiberg-Andersen	Executive VP and Head of Nordic & Other End-User Companies	3.5yrs	kr2.00m	0.0046% NOK 157.7k
Magnar Oyhovden	Chief Executive Officer of Fjordkraft AS	1.8yrs	kr3.07m	0.050% NOK 1.7m
Therese Sandnes	Chief Accountant Officer	no data	no data	no data

1.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: ELMRA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Steinar Sonsteby	Independent Chair	6.2yrs	kr605.00k	0.017% NOK 588.1k
Live Bertha Aker	Independent Director	6.2yrs	kr446.00k	0.0063% NOK 216.4k
Anne Steen	Board Member	less than a year	kr311.00k	0.0061% NOK 210.6k
Frank Okland	Employee Representative Director	6.4yrs	kr109.00k	0.0010% NOK 36.1k
Heidi Ose	Director	5yrs	kr400.00k	0.0029% NOK 100.3k
Per Solbraa	Director	3.1yrs	kr347.00k	0.0039% NOK 134.0k
Sondre Skar	Deputy Director	3.1yrs	no data	no data
Hakon Remme	Deputy Director	3.1yrs	no data	no data
Kim A. Nilsen	Deputy Director	3.1yrs	no data	no data
Magnhild Uglem	Employee Representative Director	less than a year	no data	0.00099% NOK 34.0k
Stian Madsen	Employee Representative Director	less than a year	no data	0.0018% NOK 63.2k

3.1yrs

Average Tenure

57yo

Average Age

Experienced Board: ELMRA's board of directors are considered experienced (3.1 years average tenure).

Elmera Group Management

Management criteria checks 3/4

Key information

Recent management updates

We Think Elmera Group ASA's (OB:ELMRA) CEO Compensation Package Needs To Be Put Under A Microscope

Board Member recently bought kr118k worth of stock

Director recently bought kr57k worth of stock

President & CEO recently bought kr144k worth of stock

Less than half of directors are independent

Insider recently bought kr450k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: kr0.97 (vs kr0.89 in 1Q 2023)

Elmera Group ASA Approves Dividend for 2023

We Think Elmera Group ASA's (OB:ELMRA) CEO Compensation Package Needs To Be Put Under A Microscope

Dividend increased to kr2.30

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Now 22% undervalued

We Like The Quality Of Elmera Group's (OB:ELMRA) Earnings

Consensus EPS estimates fall by 14%

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

We Think Elmera Group (OB:ELMRA) Is Taking Some Risk With Its Debt

Price target increased by 27% to kr25.50

Investors Appear Satisfied With Elmera Group ASA's (OB:ELMRA) Prospects As Shares Rocket 25%

New Forecasts: Here's What Analysts Think The Future Holds For Elmera Group ASA (OB:ELMRA)

Board Member recently bought kr118k worth of stock

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Elmera Group ASA to Report Q3, 2024 Results on Nov 07, 2024

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 10%

Director recently bought kr57k worth of stock

Price target increased by 29% to kr20.00

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 23%

Consensus EPS estimates increase by 23%

Upcoming dividend of kr1.50 per share at 8.7% yield

Consensus revenue estimates decrease by 14%, EPS upgraded

Investor sentiment improves as stock rises 17%

President & CEO recently bought kr144k worth of stock

Consensus EPS estimates fall from profit to kr0.77 loss, revenue upgraded

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 34%

Price target decreased by 27% to kr16.00

Time To Worry? Analysts Are Downgrading Their Elmera Group ASA (OB:ELMRA) Outlook

Consensus EPS estimates fall by 17%

Price target decreased to kr21.50

Elmera Group ASA to Report Q1, 2023 Results on May 10, 2023

Is It Too Late To Consider Buying Elmera Group ASA (OB:ELMRA)?

Investor sentiment deteriorated over the past week

Elmera Group ASA to Report Q4, 2022 Results on Feb 16, 2023

Investor sentiment deteriorated over the past week

Less than half of directors are independent

This Just In: Analysts Are Boosting Their Elmera Group ASA (OB:ELMRA) Outlook for Next Year

Third quarter 2022 earnings released: EPS: kr0.24 (vs kr0.19 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Is Elmera Group (OB:ELMRA) Using Too Much Debt?

Is It Time To Consider Buying Elmera Group ASA (OB:ELMRA)?

Investor sentiment deteriorated over the past week

Consensus EPS estimates increase by 13%

Insider recently bought kr450k worth of stock

Price target increased to kr29.00

Investor sentiment deteriorated over the past week

Elmera Group ASA Announces Executive Changes

Consensus EPS estimates fall by 11%

President & CEO recently bought kr225k worth of stock

Some Analysts Just Cut Their Elmera Group ASA (OB:ELMRA) Estimates

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Elmera Group ASA (OB:ELMRA) commences an Equity Buyback Plan, under the authorization approved on April 26, 2022.

Investor sentiment deteriorated over the past week

Price target decreased to kr34.50

Less than half of directors are independent

Upcoming dividend of kr3.50 per share

Consensus forecasts updated

Fjordkraft Holding (OB:FKRFT) Has A Pretty Healthy Balance Sheet

Price target decreased to kr34.50

Investor sentiment deteriorated over the past week

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Fjordkraft Holding ASA Announces Cash Dividend, Payable on May 05, 2022

Consensus forecasts updated

Insider recently bought kr108k worth of stock