Magnora Management
Management criteria checks 3/4
Magnora's CEO is Erik Sneve, appointed in Apr 2019, has a tenure of 6.5 years. total yearly compensation is NOK7.09M, comprised of 52.1% salary and 47.9% bonuses, including company stock and options. directly owns 1.85% of the company’s shares, worth NOK26.28M. The average tenure of the management team and the board of directors is 4.6 years and 7.4 years respectively.
Key information
Erik Sneve
Chief executive officer
NOK 7.1m
Total compensation
| CEO salary percentage | 52.09% |
| CEO tenure | 6.5yrs |
| CEO ownership | 1.8% |
| Management average tenure | 4.6yrs |
| Board average tenure | 7.4yrs |
Recent management updates
Recent updates
We Don’t Think Magnora's (OB:MGN) Earnings Should Make Shareholders Too Comfortable
May 02
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.We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings
Oct 24Concerns Surrounding Magnora's (OB:MGN) Performance
Apr 24A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)
Sep 03Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts
Aug 13Does Magnora (OB:MGN) Have A Healthy Balance Sheet?
Aug 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | NOK 240m |
| Mar 31 2025 | n/a | n/a | NOK 322m |
| Dec 31 2024 | NOK 7m | NOK 4m | NOK 278m |
| Sep 30 2024 | n/a | n/a | NOK 283m |
| Jun 30 2024 | n/a | n/a | NOK 27m |
| Mar 31 2024 | n/a | n/a | NOK 177m |
| Dec 31 2023 | NOK 7m | NOK 3m | NOK 187m |
| Sep 30 2023 | n/a | n/a | NOK 256m |
| Jun 30 2023 | n/a | n/a | NOK 259m |
| Mar 31 2023 | n/a | n/a | NOK 38m |
| Dec 31 2022 | NOK 5m | NOK 2m | NOK 13m |
| Sep 30 2022 | n/a | n/a | -NOK 71m |
| Jun 30 2022 | n/a | n/a | -NOK 71m |
| Mar 31 2022 | n/a | n/a | -NOK 73m |
| Dec 31 2021 | NOK 5m | NOK 2m | -NOK 63m |
| Sep 30 2021 | n/a | n/a | -NOK 27m |
| Jun 30 2021 | n/a | n/a | -NOK 4m |
| Mar 31 2021 | n/a | n/a | NOK 18m |
| Dec 31 2020 | NOK 5m | NOK 2m | NOK 29m |
| Sep 30 2020 | n/a | n/a | NOK 27m |
| Jun 30 2020 | n/a | n/a | NOK 25m |
| Mar 31 2020 | n/a | n/a | NOK 15m |
| Dec 31 2019 | NOK 2m | NOK 2m | NOK 20m |
Compensation vs Market: Erik's total compensation ($USD710.66K) is above average for companies of similar size in the Norwegian market ($USD361.98K).
Compensation vs Earnings: Erik's compensation has been consistent with company performance over the past year.
CEO
Erik Sneve
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.4yrs | NOK 1.19m | 1.06% NOK 15.1m | |
| Chief Executive Officer | 6.5yrs | NOK 7.09m | 1.85% NOK 26.3m | |
| Chief Financial Officer | 6.1yrs | NOK 2.94m | 0.18% NOK 2.6m | |
| Chief Operating Officer | 1.3yrs | NOK 2.59m | 0.034% NOK 477.2k | |
| Investment Manager | no data | no data | 0.0032% NOK 45.9k | |
| Executive Vice President of Projects | 4.6yrs | no data | no data | |
| Senior Vice President of Business Development | 4yrs | no data | no data | |
| VP of Offshore Wind & CEO of Magnora Offshore Wind | no data | no data | no data | |
| SVP of Ownership & Investments | less than a year | no data | 0.016% NOK 222.0k |
Experienced Management: MGN's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.4yrs | NOK 1.19m | 1.06% NOK 15.1m | |
| Director | 6.8yrs | NOK 370.00k | 0.053% NOK 751.2k | |
| Director | 7.4yrs | NOK 290.00k | 0.061% NOK 866.1k |
Experienced Board: MGN's board of directors are considered experienced (7.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/07 12:10 |
| End of Day Share Price | 2025/10/07 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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 15 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.
| Analyst | Institution |
|---|---|
| John A. Olaisen | ABG Sundal Collier |
| Erik Tønne | Arctic Securities ASA |
| Chr. Frederik Lunde | Carnegie Investment Bank AB |