Thule Group Management
Management criteria checks 2/4
Thule Group's CEO is Mattias Ankarberg, appointed in Aug 2023, has a tenure of 1.25 years. total yearly compensation is SEK6.22M, comprised of 61% salary and 39% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth SEK3.44M. The average tenure of the management team and the board of directors is 2.4 years and 2.6 years respectively.
Key information
Mattias Ankarberg
Chief executive officer
SEK 6.2m
Total compensation
| CEO salary percentage | 61.0% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.009% |
| Management average tenure | 2.4yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
Analysts Are Betting On Thule Group AB (publ) (STO:THULE) With A Big Upgrade This Week
Nov 16
Thule Group (STO:THULE) Seems To Use Debt Quite Sensibly
Nov 07Results: Thule Group AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts
Oct 26Calculating The Fair Value Of Thule Group AB (publ) (STO:THULE)
Oct 17Investors Met With Slowing Returns on Capital At Thule Group (STO:THULE)
Sep 18Getting In Cheap On Thule Group AB (publ) (STO:THULE) Is Unlikely
Aug 31Thule Group (STO:THULE) Is Due To Pay A Dividend Of SEK4.75
Aug 19At kr290, Is It Time To Put Thule Group AB (publ) (STO:THULE) On Your Watch List?
Aug 16Is Thule Group (STO:THULE) Using Too Much Debt?
Aug 04Thule Group (STO:THULE) Has Announced A Dividend Of SEK4.75
Jul 22Analysts Are Updating Their Thule Group AB (publ) (STO:THULE) Estimates After Its Second-Quarter Results
Jul 20Calculating The Fair Value Of Thule Group AB (publ) (STO:THULE)
Jul 02Thule Group (STO:THULE) Will Pay A Dividend Of SEK4.75
Jun 20Thule Group (STO:THULE) Will Pay A Dividend Of SEK4.75
May 25The Returns At Thule Group (STO:THULE) Aren't Growing
May 21Thule Group's (STO:THULE) Dividend Will Be SEK4.75
May 09Thule Group AB (publ) (STO:THULE) Just Released Its First-Quarter Earnings: Here's What Analysts Think
May 01Thule Group's (STO:THULE) Upcoming Dividend Will Be Larger Than Last Year's
Apr 25Thule Group AB (publ)'s (STO:THULE) Price Is Out Of Tune With Earnings
Apr 20Is Now The Time To Look At Buying Thule Group AB (publ) (STO:THULE)?
Apr 07Thule Group (STO:THULE) Will Pay A Larger Dividend Than Last Year At SEK4.75
Mar 26Here's Why Thule Group (STO:THULE) Can Manage Its Debt Responsibly
Mar 17Calculating The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Mar 05Thule Group (STO:THULE) Is Increasing Its Dividend To SEK4.75
Feb 22Thule Group AB (publ)'s (STO:THULE) Share Price Could Signal Some Risk
Jan 07Thule Group (STO:THULE) Could Be Struggling To Allocate Capital
Dec 14Does Thule Group (STO:THULE) Have A Healthy Balance Sheet?
Nov 30A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Nov 17Should You Think About Buying Thule Group AB (publ) (STO:THULE) Now?
Oct 24Thule Group (STO:THULE) Is Paying Out Less In Dividends Than Last Year
Sep 26Be Wary Of Thule Group (STO:THULE) And Its Returns On Capital
Sep 11Thule Group's (STO:THULE) Dividend Will Be Reduced To SEK4.60
Aug 28Thule Group's (STO:THULE) Dividend Is Being Reduced To SEK4.60
Aug 10Thule Group (STO:THULE) Has A Somewhat Strained Balance Sheet
Aug 04A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Jul 18Thule Group (STO:THULE) Will Pay A Smaller Dividend Than Last Year
Jul 18Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.60
Jul 01Returns On Capital At Thule Group (STO:THULE) Have Stalled
May 31Thule Group's (STO:THULE) Dividend Is Being Reduced To SEK4.60
May 14Thule Group's (STO:THULE) Shareholders Will Receive A Smaller Dividend Than Last Year
Apr 30A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Apr 17Thule Group's (STO:THULE) Dividend Will Be Reduced To SEK4.60
Apr 05These 4 Measures Indicate That Thule Group (STO:THULE) Is Using Debt Extensively
Apr 03Returns At Thule Group (STO:THULE) Appear To Be Weighed Down
Feb 25Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.60
Feb 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | SEK 1b |
| Jun 30 2024 | n/a | n/a | SEK 1b |
| Mar 31 2024 | n/a | n/a | SEK 1b |
| Dec 31 2023 | SEK 6m | SEK 4m | SEK 1b |
| Sep 30 2023 | n/a | n/a | SEK 1b |
| Jun 30 2023 | n/a | n/a | SEK 935m |
| Mar 31 2023 | n/a | n/a | SEK 1b |
| Dec 31 2022 | SEK 445k | n/a | SEK 1b |
| Sep 30 2022 | n/a | n/a | SEK 1b |
| Jun 30 2022 | n/a | n/a | SEK 2b |
| Mar 31 2022 | n/a | n/a | SEK 2b |
| Dec 31 2021 | SEK 396k | n/a | SEK 2b |
| Sep 30 2021 | n/a | n/a | SEK 2b |
| Jun 30 2021 | n/a | n/a | SEK 2b |
| Mar 31 2021 | n/a | n/a | SEK 1b |
| Dec 31 2020 | SEK 385k | n/a | SEK 1b |
| Sep 30 2020 | n/a | n/a | SEK 1b |
| Jun 30 2020 | n/a | n/a | SEK 763m |
| Mar 31 2020 | n/a | n/a | SEK 871m |
| Dec 31 2019 | SEK 379k | n/a | SEK 883m |
| Sep 30 2019 | n/a | n/a | SEK 897m |
| Jun 30 2019 | n/a | n/a | SEK 905m |
| Mar 31 2019 | n/a | n/a | SEK 870m |
| Dec 31 2018 | SEK 270k | n/a | SEK 837m |
Compensation vs Market: Mattias's total compensation ($USD569.34K) is below average for companies of similar size in the Swedish market ($USD1.05M).
Compensation vs Earnings: Mattias's compensation has increased by more than 20% in the past year.
CEO
Mattias Ankarberg (48 yo)
1.3yrs
Tenure
SEK 6,218,000
Compensation
Mr. Mattias Ankarberg had been the Chief Executive Officer and President at Byggmax Group AB (publ) since November 14, 2016 until 2023. Mr. Ankarberg served as an Independent Director of Thule Group AB (pu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 1.3yrs | SEK 6.22m | 0.0095% SEK 3.4m | |
| Chief Financial Officer | less than a year | no data | 0.00071% SEK 257.9k | |
| Head of Group Accounting | no data | no data | no data | |
| President of Region Americas | 3.6yrs | no data | no data | |
| Senior Vice President of Product Development | 4.8yrs | no data | 0.0013% SEK 468.7k | |
| Secretary | no data | no data | no data |
2.4yrs
Average Tenure
51yo
Average Age
Experienced Management: THULE's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chair of the Board | 17.8yrs | SEK 1.49m | 0.033% SEK 12.0m | |
| Independent Director | 2.6yrs | SEK 521.00k | 0.0025% SEK 911.9k | |
| Independent Director | 2.6yrs | SEK 426.00k | 0.0031% SEK 1.1m | |
| Director | less than a year | no data | no data | |
| Independent Deputy Chairman | 8.5yrs | SEK 471.00k | 0.0016% SEK 599.4k | |
| Director | less than a year | no data | no data | |
| Independent Director | 5.6yrs | SEK 661.00k | 0.0017% SEK 617.6k | |
| Independent Director | 1.6yrs | SEK 322.00k | 0.014% SEK 5.2m |
2.6yrs
Average Tenure
57yo
Average Age
Experienced Board: THULE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.