Absolent Air Care Group Management
Management criteria checks 3/4
Absolent Air Care Group's CEO is Joakim Westh, appointed in Jan 2025, has a tenure of less than a year. directly owns 12.52% of the company’s shares, worth SEK368.55M. The average tenure of the management team and the board of directors is 0.1 years and 6.1 years respectively.
Key information
Joakim Westh
Chief executive officer
SEK 205.0k
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | less than a year |
| CEO ownership | 12.5% |
| Management average tenure | less than a year |
| Board average tenure | 6.1yrs |
Recent management updates
Recent updates
Absolent Air Care Group (STO:ABSO) Has A Pretty Healthy Balance Sheet
Jan 03
It's Down 27% But Absolent Air Care Group AB (publ) (STO:ABSO) Could Be Riskier Than It Looks
Nov 27Shareholders Will Probably Hold Off On Increasing Absolent Air Care Group AB (publ)'s (STO:ABSO) CEO Compensation For The Time Being
May 09Absolent Air Care Group (STO:ABSO) Is Increasing Its Dividend To SEK3.00
May 02Absolent Air Care Group (STO:ABSO) Will Pay A Larger Dividend Than Last Year At SEK3.00
Apr 18Absolent Air Care Group's (STO:ABSO) Dividend Will Be Increased To SEK3.00
Apr 04Absolent Air Care Group (STO:ABSO) Is Increasing Its Dividend To SEK3.00
Mar 16Absolent Air Care Group (STO:ABSO) Has A Rock Solid Balance Sheet
Sep 14Does Absolent Air Care Group (STO:ABSO) Have A Healthy Balance Sheet?
May 10Absolent Air Care Group AB (publ) Just Missed EPS By 8.0%: Here's What Analysts Think Will Happen Next
Feb 25Is Absolent Air Care Group (STO:ABSO) Using Too Much Debt?
May 19Here's Why Absolent Air Care Group (STO:ABSO) Can Manage Its Debt Responsibly
Oct 12Absolent Air Care Group's (STO:ABSO) Solid Earnings Have Been Accounted For Conservatively
Aug 25We Think Absolent Group (STO:ABSO) Has A Fair Chunk Of Debt
May 02We Think Absolent Group (STO:ABSO) Has A Fair Chunk Of Debt
Jan 19The Absolent Group (STO:ABSO) Share Price Is Up 234% And Shareholders Are Boasting About It
Nov 28CEO
Joakim Westh (63 yo)
less than a year
Tenure
SEK 205,000
Compensation
Mr. Joakim Westh, M.Sc., is a Co-Founder of Absolent Air Care Group AB (publ) (formerly known as Absolent Group AB (publ)) and has been its Director since 1993 and serves as its Chief Executive Officer sin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | less than a year | SEK 205.00k | 12.52% SEK 368.5m | |
| Chief Financial Officer | 3.7yrs | no data | 0.0083% SEK 244.3k | |
| Chief Technology Officer | less than a year | no data | 0.00011% SEK 3.2k | |
| Senior Vice President of People & Planet | 1.1yrs | no data | no data | |
| Managing Director | 13.1yrs | no data | no data | |
| Managing Director of Business Group Absolent | less than a year | no data | no data | |
| Managing Director of Business Group Filtermist | less than a year | no data | no data | |
| Managing Director of Business Group Diversitech | no data | no data | no data | |
| President of Commercial Kitchen | less than a year | no data | no data |
0.08yrs
Average Tenure
53yo
Average Age
Experienced Management: ABSO's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 32.1yrs | SEK 205.00k | 12.52% SEK 368.5m | |
| Director | 2.1yrs | SEK 139.00k | 0.0088% SEK 259.9k | |
| Director | 2.1yrs | SEK 139.00k | 0.0027% SEK 78.0k | |
| Chairman of the Board | 6.1yrs | SEK 616.00k | no data | |
| Director | 8.1yrs | SEK 205.00k | no data |
6.1yrs
Average Tenure
56yo
Average Age
Experienced Board: ABSO's board of directors are considered experienced (6.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/23 07:12 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/12/31 |
| 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Absolent Air Care Group AB (publ) is covered by 3 analysts. 2 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 |
|---|---|
| Carl Ragnerstam | Nordea Markets |
| Anders Akerblom | Nordea Markets |
| Henrik Alveskog | Redeye |