Magnora ASA

OB:MGN Stock Report

Market Cap: NOK 2.0b

Magnora Management

Management criteria checks 1/4

Magnora's CEO is Erik Sneve, appointed in Apr 2019, has a tenure of 7.17 years. total yearly compensation is NOK7.58M, comprised of 49.9% salary and 50.1% bonuses, including company stock and options. directly owns 1.85% of the company’s shares, worth NOK37.53M. The average tenure of the management team and the board of directors is 3.3 years and 0.1 years respectively.

Key information

Erik Sneve

Chief executive officer

NOK 7.6m

Total compensation

CEO salary percentage49.95%
CEO tenure7.2yrs
CEO ownership1.8%
Management average tenure3.3yrs
Board average tenureless than a year

Recent management updates

Recent updates

Narrative Update • Apr 26

MGN: New Data Center Project Will Drive Future Upside Potential

Analysts have kept their Magnora fair value estimate broadly unchanged at NOK 31.04, with only small adjustments to the discount rate and assumed future P/E. This suggests a steady view of the company’s risk profile and earnings potential.
Narrative Update • Apr 11

MGN: New 100 MW Data Center Project Will Support Future Upside

Analysts have kept their Magnora fair value estimate steady at NOK31.04, with only marginal tweaks to underlying assumptions such as the discount rate, revenue growth, profit margin and future P/E. This reflects a broadly unchanged view on the stock’s risk and earnings profile.
Narrative Update • Mar 28

MGN: Nordic Data Center Expansion Will Support Future Upside Potential

Analysts have revised their outlook on Magnora, adjusting the NOK price target in line with updated assumptions that include a slightly lower discount rate, a neutral revenue growth view, a reduced profit margin expectation and a higher future P/E multiple. What's in the News Magnora ASA has secured land in northwestern Norway for a new 100 MW data center project, located next to a key substation where three 420 kV power lines meet, and supported by local authorities focused on attracting new business (Key Developments).
Narrative Update • Mar 12

MGN: Nordic High Capacity Data Center Projects Will Support Future Upside

Analysts have adjusted their Magnora price target from NOK 32.64 to NOK 31.04, reflecting updated views on future growth, profitability, and a slightly lower discount rate applied to the company’s cash flows. What's in the News Magnora ASA has secured land for a new 100 MW data center development in northwestern Norway, located next to a substation where three 420 kV power lines meet, targeting customers with high redundancy and capacity needs (Key Developments).
Narrative Update • Feb 25

MGN: High Density Nordic Data Center Pipeline Will Drive Future Upside

Analysts have trimmed their 12 month price target on Magnora by NOK 2.76 to NOK 32.64 as they refresh assumptions on fair value, discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Magnora ASA has secured land in northwestern Norway for a new 100 MW data center project located near three 420 kV power lines and an adjacent substation, with local authorities described as supportive of new business and rezoning efforts (Client Announcements).
Analysis Article • May 02

We Don’t Think Magnora's (OB:MGN) Earnings Should Make Shareholders Too Comfortable

Shareholders were pleased with the recent earnings report from Magnora ASA ( OB:MGN ). Despite this, we feel that there...
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New Narrative • Feb 22

Expansion Into South Africa, Germany, And Italy Aims To Increase Capacity But May Face Regulatory Challenges

Strategic expansion in project portfolio and strong market entry into Germany, Italy, and South Africa could drive future revenue growth and improve net margins.
Analysis Article • Oct 24

We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings

Magnora ASA's ( OB:MGN ) healthy profit numbers didn't contain any surprises for investors. However the statutory...
Analysis Article • Apr 24

Concerns Surrounding Magnora's (OB:MGN) Performance

The stock price didn't jump after Magnora ASA ( OB:MGN ) posted decent earnings last week. We did some digging and...
Analysis Article • Sep 03

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Key Insights The projected fair value for Magnora is kr34.38 based on 2 Stage Free Cash Flow to Equity Magnora's...
Analysis Article • Aug 13

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Magnora ASA ( OB:MGN ) shareholders will have a reason to smile today, with the analysts making substantial upgrades to...

CEO Compensation Analysis

How has Erik Sneve's remuneration changed compared to Magnora's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-NOK 64m

Dec 31 2025NOK 8mNOK 4m

NOK 20m

Sep 30 2025n/an/a

-NOK 12m

Jun 30 2025n/an/a

NOK 240m

Mar 31 2025n/an/a

NOK 322m

Dec 31 2024NOK 7mNOK 4m

NOK 278m

Sep 30 2024n/an/a

NOK 283m

Jun 30 2024n/an/a

NOK 27m

Mar 31 2024n/an/a

NOK 177m

Dec 31 2023NOK 7mNOK 3m

NOK 187m

Sep 30 2023n/an/a

NOK 256m

Jun 30 2023n/an/a

NOK 259m

Mar 31 2023n/an/a

NOK 38m

Dec 31 2022NOK 5mNOK 2m

NOK 13m

Sep 30 2022n/an/a

-NOK 71m

Jun 30 2022n/an/a

-NOK 71m

Mar 31 2022n/an/a

-NOK 73m

Dec 31 2021NOK 5mNOK 2m

-NOK 63m

Sep 30 2021n/an/a

-NOK 27m

Jun 30 2021n/an/a

-NOK 4m

Mar 31 2021n/an/a

NOK 18m

Dec 31 2020NOK 5mNOK 2m

NOK 29m

Sep 30 2020n/an/a

NOK 27m

Jun 30 2020n/an/a

NOK 25m

Mar 31 2020n/an/a

NOK 15m

Dec 31 2019NOK 2mNOK 2m

NOK 20m

Compensation vs Market: Erik's total compensation ($USD814.22K) is above average for companies of similar size in the Norwegian market ($USD598.23K).

Compensation vs Earnings: Erik's compensation has increased whilst the company is unprofitable.

CEO

Erik Sneve

7.2yrs
Tenure
NOK 7,582,000
Compensation

Mr. Erik Daylemani Sneve serves as the Chairman of Hermana Holding ASA. He is Chief Executive Officer of Magnora ASA since April 16, 2019. Mr. Sneve was Acting Chief Executive Officer of Magnora ASA from A...

Leadership Team

NamePositionTenureCompensationOwnership
Erik Sneve
Chief Executive Officer7.2yrsNOK 7.58m1.85%
NOK 37.5m
Bard Olsen
Chief Financial Officer6.8yrsNOK 3.94m0.18%
NOK 3.7m
Stein Bjornstad
Chief Operating Officer1.9yrsNOK 2.93m0.034%
NOK 681.5k
Hannah Hoydal
Investment Managerno datano data0.0032%
NOK 65.6k
Haakon Alfstad
Head Advisor5.3yrsno datano data
Trond Gartner
Senior Vice President of Business Development4.7yrsno datano data
Espen Erdal
Senior Vice President of Projects & Transactions1.4yrsno datano data
Emilie Brackman
VP of Offshore Wind & CEO of Magnora Offshore Windno datano datano data
Morten Strømgren
SVP of Ownership & Investments1.3yrsno data0.016%
NOK 317.0k
Punky Ring
Group Controller1.4yrsno datano data
3.3yrs
Average Tenure

Experienced Management: MGN's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Lars Schedin
Directorless than a yearno datano data
John Hamilton
Chairman7.5yrsNOK 355.00k0.053%
NOK 1.1m
Hilde Adland
Director8.1yrsNOK 453.00k0.061%
NOK 1.2m
Jean-François Berche
Directorless than a yearno datano data
Hilde Hukkelberg
Directorless than a yearno datano data
0.08yrs
Average Tenure

Experienced Board: MGN's board of directors are not considered experienced ( 0.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 18:14
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

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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

Magnora ASA is covered by 10 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
Chr. Frederik LundeCarnegie Investment Bank AB
Jørgen LandeDanske Bank
Eirik MathisenDNB Carnegie