Magnora Management

Management criteria checks 2/4

Magnora's CEO is Erik Sneve, appointed in Apr 2019, has a tenure of 5.25 years. total yearly compensation is NOK7.29M, comprised of 39.6% salary and 60.4% bonuses, including company stock and options. directly owns 1.79% of the company’s shares, worth NOK32.11M. The average tenure of the management team and the board of directors is 3.3 years and 6.2 years respectively.

Key information

Erik Sneve

Chief executive officer

NOK 7.3m

Total compensation

CEO salary percentage	39.6%
CEO tenure	5.3yrs
CEO ownership	1.8%
Management average tenure	3.3yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Apr 24

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

Sep 03

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

Aug 13

CEO Compensation Analysis

How has Erik Sneve's remuneration changed compared to Magnora's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	NOK 179m
Dec 31 2023	NOK 7m	NOK 3m	NOK 193m
Sep 30 2023	n/a	n/a	NOK 251m
Jun 30 2023	n/a	n/a	NOK 253m
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 ($USD685.67K) is above average for companies of similar size in the Norwegian market ($USD502.96K).

Compensation vs Earnings: Erik's compensation has increased by more than 20% in the past year.

CEO

Erik Sneve

5.3yrs

Tenure

NOK 7,291,000

Compensation

Mr. Erik Sneve serves as Chief Executive Officer of Magnora ASA and served as its Acting Chief Executive Officer since April 16, 2019.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Torstein Sanness	Executive Chairman	7.2yrs	NOK 1.21m	0.96% NOK 17.2m
Erik Sneve	Chief Executive Officer	5.3yrs	NOK 7.29m	1.79% NOK 32.1m
Bard Olsen	Chief Financial Officer	4.8yrs	NOK 3.38m	0.11% NOK 2.1m
Haakon Alfstad	Chief Executive Officer of Magnora Offshore Wind	3.3yrs	no data	0.17% NOK 3.0m
Hanne Wiger	Business Controller	1.5yrs	no data	0.0068% NOK 122.3k
Trond Gartner	Senior Vice President of Business Development	2.8yrs	no data	0.011% NOK 191.5k

3.3yrs

Average Tenure

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Torstein Sanness	Executive Chairman	7.2yrs	NOK 1.21m	0.96% NOK 17.2m
John Hamilton	Director	5.6yrs	NOK 370.00k	0.051% NOK 925.4k
Hilde Adland	Director	6.2yrs	NOK 310.00k	0.059% NOK 1.1m

6.2yrs

Average Tenure

59yo

Average Age

Experienced Board: MGN's board of directors are considered experienced (6.2 years average tenure).

Magnora Management

Management criteria checks 2/4

Key information

Recent management updates

No independent directors

No independent directors

Magnora ASA, Annual General Meeting, Apr 23, 2024

Executive Chairman recently bought kr1.1m worth of stock

Magnora ASA, Annual General Meeting, Apr 25, 2023

No independent directors

Recent updates

No independent directors

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Concerns Surrounding Magnora's (OB:MGN) Performance

Consensus revenue estimates fall by 61%

No independent directors

Magnora ASA Separates Its Legacy Business from Its Renewables Business

Consensus revenue estimates fall by 14%

Magnora Asa Authorizes Quarterly Cash Distribution, Payable on 2 November 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Magnora ASA, Annual General Meeting, Apr 23, 2024

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

Executive Chairman recently bought kr1.1m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: Revenues miss analyst expectations

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

Consensus revenue estimates increase by 33%

Magnora ASA (OB:MGN) commences an Equity Buyback for 6,682,268 shares, representing 10% of its issued share capital, under the authorization approved on April 25, 2023.

Magnora ASA Launches Capital Distribution Program

Consensus revenue estimates fall by 46%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

Full year 2022 earnings released: EPS: kr0.21 (vs kr1.11 loss in FY 2021)

Consensus revenue estimates decrease by 32%

Full year 2022 earnings released: EPS: kr0.058 (vs kr1.11 loss in FY 2021)

Magnora ASA to Report Q4, 2023 Results on Feb 13, 2024

Magnora ASA, Annual General Meeting, Apr 25, 2023

No independent directors

Third quarter 2022 earnings released

Magnora ASA announced that it expects to receive NOK 200 million in funding

Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

Second quarter 2022 earnings: Revenues exceed analyst expectations

Chief Financial Officer recently bought kr432k worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

No independent directors

Magnora ASA (OB:MGN) acquired additional 13.5% minority stake in Evolar AB.

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Magnora ASA (OB:MGN) acquired a 92% stake in African Green Ventures.

Insider recently bought kr495k worth of stock

Key Executive recently bought kr245k worth of stock

Magnora ASA (OB:MGN) acquired additional 9.3% stake in Evolar AB.

Insider recently bought kr50k worth of stock

Third quarter 2021 earnings released

Executive Chairman recently bought kr2.9m worth of stock

Director recently bought kr76k worth of stock

Magnora ASA (OB:MGN) acquired additional 15% stake in Helios Nordic Energy AB.

Insider recently bought kr202k worth of stock

Second quarter 2021 earnings released: kr0.17 loss per share (vs kr0.23 profit in 2Q 2020)

Magnora ASA (OSE: MGN) acquired an unknown minority stake in Kustvind AB.

Chief Executive Officer recently bought kr900k worth of stock

Investor sentiment deteriorated over the past week

Magnora ASA (OB:MGN) agreed to acquire additional 12.26% minority stake in Evolar AB.

First quarter 2021 earnings released

Executive Vice President of Operations recently bought kr447k worth of stock

Investor sentiment deteriorated over the past week

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

New 90-day high: kr29.80

Analysts lower revenue estimates to kr108.3m

Magnora ASA (OB:MGN) entered into agreement to acquire an additional 25% stake in Vindr AB.

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

Revenue and earnings beat expectations

Magnora ASA to Report Q4, 2021 Results on Feb 15, 2022

Magnora ASA Updates on Oddeheia and Bjelkeberg Wind Farm Project

Magnora ASA Appoints Peter Nygren as Executive Vice President

Magnora ASA (OB:MGN) entered into an agreement to acquire 25% stake in Helios Nordic Energy AB

New 90-day high: kr28.60

Investor sentiment improved over the past week

Is Magnora (OB:MGN) A Future Multi-bagger?

Magnora ASA Enters Partnership to Establish Floating Wind Company