MilDef Group Management
Management criteria checks 3/4
MilDef Group's CEO is Daniel Ljunggren, appointed in May 2023, has a tenure of 2.5 years. total yearly compensation is SEK3.29M, comprised of 64.5% salary and 35.5% bonuses, including company stock and options. directly owns 2.12% of the company’s shares, worth SEK125.60M. The average tenure of the management team and the board of directors is 2.3 years and 4.2 years respectively.
Key information
Daniel Ljunggren
Chief executive officer
SEK 3.3m
Total compensation
| CEO salary percentage | 64.47% |
| CEO tenure | 2.5yrs |
| CEO ownership | 2.1% |
| Management average tenure | 2.3yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
MilDef Group AB (publ) (STO:MILDEF) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Nov 12
After Leaping 27% MilDef Group AB (publ) (STO:MILDEF) Shares Are Not Flying Under The Radar
Sep 19MilDef Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models
Jul 22Market Cool On MilDef Group AB (publ)'s (STO:MILDEF) Revenues Pushing Shares 30% Lower
Jul 02Investors Appear Satisfied With MilDef Group AB (publ)'s (STO:MILDEF) Prospects As Shares Rocket 27%
May 03MilDef Group AB (publ) (STO:MILDEF) Released Earnings Last Week And Analysts Lifted Their Price Target To kr184
Apr 13MilDef Group (STO:MILDEF) Seems To Use Debt Quite Sensibly
Apr 02MilDef Group AB (publ) (STO:MILDEF) Stocks Shoot Up 30% But Its P/S Still Looks Reasonable
Feb 18
Acquiring Roda Will Open Central European Markets In Defense Sector
Strategic shift to defense sector and acquisition expansion likely to improve revenue and margins amid growing defense spending.Analyst Forecasts For MilDef Group AB (publ) (STO:MILDEF) Are Surging Higher
Dec 04MilDef Group AB (publ) (STO:MILDEF) Stocks Shoot Up 25% But Its P/S Still Looks Reasonable
Nov 21This Just In: Analysts Are Boosting Their MilDef Group AB (publ) (STO:MILDEF) Outlook for Next Year
Nov 19MilDef Group AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Oct 30MilDef Group AB (publ) (STO:MILDEF) Looks Just Right With A 26% Price Jump
Aug 19MilDef Group AB (publ) Just Beat EPS By 147%: Here's What Analysts Think Will Happen Next
Jul 29MilDef Group AB (publ) Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
May 01Is Now The Time To Look At Buying MilDef Group AB (publ) (STO:MILDEF)?
Apr 19Is Now The Time To Look At Buying MilDef Group AB (publ) (STO:MILDEF)?
Nov 26MilDef Group AB (publ)'s (STO:MILDEF) P/S Still Appears To Be Reasonable
May 06We Think That There Are Issues Underlying MilDef Group's (STO:MILDEF) Earnings
Feb 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | -SEK 195m |
| Jun 30 2025 | n/a | n/a | -SEK 223m |
| Mar 31 2025 | n/a | n/a | -SEK 209m |
| Dec 31 2024 | SEK 3m | SEK 2m | -SEK 220m |
| Sep 30 2024 | n/a | n/a | SEK 55m |
| Jun 30 2024 | n/a | n/a | SEK 43m |
| Mar 31 2024 | n/a | n/a | SEK 41m |
| Dec 31 2023 | SEK 2m | SEK 1m | SEK 69m |
Compensation vs Market: Daniel's total compensation ($USD346.47K) is below average for companies of similar size in the Swedish market ($USD836.83K).
Compensation vs Earnings: Daniel's compensation has increased whilst the company is unprofitable.
CEO
Daniel Ljunggren (45 yo)
Mr. Daniel Ljunggren is President of MilDef Group AB (publ) from May 2023 and serves as its Chief Executive Officer since May 26, 2023. Mr. Ljunggren was Chief Financial Officer at MilDef Group AB (publ) s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 2.5yrs | SEK 3.29m | 2.12% SEK 125.6m | |
| Chief Financial Officer | 2.2yrs | no data | 0.0043% SEK 254.9k | |
| Deputy CEO & CTO | no data | no data | 0.53% SEK 31.3m | |
| Head of Investor Relations & Communication | no data | no data | 0.022% SEK 1.3m | |
| Chief Legal & Compliance Officer | 5.8yrs | no data | 0.037% SEK 2.2m | |
| Chief People Officer | 2.2yrs | no data | 0.0048% SEK 284.5k |
Experienced Management: MILDEF's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.5yrs | SEK 225.00k | 0.0055% SEK 326.5k | |
| Independent Director | 5.8yrs | SEK 325.00k | 0.0017% SEK 102.9k | |
| Independent Director | 5.8yrs | SEK 275.00k | 0.0020% SEK 115.9k | |
| Chair of the Board | 2.5yrs | SEK 505.00k | 1.89% SEK 111.9m | |
| Member of Advisory Board | no data | no data | no data | |
| Independent Director | 7.8yrs | SEK 246.00k | 1.06% SEK 62.8m | |
| Member of Advisory Board | no data | no data | no data | |
| Chairman of Advisory Board | no data | SEK 200.00k | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Director | less than a year | no data | no data |
Experienced Board: MILDEF's board of directors are considered experienced (4.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/19 18:26 |
| End of Day Share Price | 2025/11/19 00:00 |
| Earnings | 2025/09/30 |
| 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
MilDef Group AB (publ) is covered by 3 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 |
|---|---|
| Daniel Lindkvist | Danske Bank |
| Hugo Lisjo | DNB Carnegie Commissioned Research |
| Tom Guinchard | Pareto Securities |