Resurs Holding Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Magnus Fredin

Chief executive officer

kr6.0m

Total compensation

CEO salary percentage	11.9%
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	9.3yrs

Recent management updates

Recent updates

Resurs Holding's (STO:RESURS) Shareholders Will Receive A Smaller Dividend Than Last Year

Apr 05

Resurs Holding (STO:RESURS) Has Announced That Its Dividend Will Be Reduced To SEK1.07

Feb 10

CEO Compensation Analysis

How has Magnus Fredin's remuneration changed compared to Resurs Holding's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr72m
Dec 31 2023	kr6m	kr712k	kr229m
Sep 30 2023	n/a	n/a	kr743m
Jun 30 2023	n/a	n/a	kr769m
Mar 31 2023	n/a	n/a	kr745m
Dec 31 2022	kr362k	n/a	kr779m

Compensation vs Market: Magnus's total compensation ($USD550.90K) is about average for companies of similar size in the Swedish market ($USD579.16K).

Compensation vs Earnings: Magnus's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Magnus Fredin (42 yo)

less than a year

Tenure

kr5,961,000

Compensation

Mr. Magnus Fredin serves as CEO of Resurs Holding AB (publ) and Resurs Bank AB (publ) from November 13, 2023. He served as Director of Resurs Holding AB (publ) since April 28, 2022 until November 13, 2023....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Magnus Fredin	Chief Executive Officer	less than a year	kr5.96m	no data
Sofie Lindell	Deputy CEO	3yrs	kr1.05m	no data
Joseph Hajj	Deputy CEO & COO	less than a year	no data	no data
Pär Isaksson	Chief Technology Officer	less than a year	no data	no data
Ronny Persson	General Counsel	less than a year	no data	no data
Marcus Tillberg	MD of Solid Försäkringar	no data	no data	no data
Stefan Noderen	Chief Credit & NPL Officer	3.7yrs	no data	0.013% SEK 448.7k
Mattias Ekman	Chief Commercial Officer of Corporate	2.7yrs	no data	no data
Alexander Burman	Chief Commercial Officer of Consumer Loans	3.3yrs	no data	0.0070% SEK 232.7k
Johan Rönnerman	Chief Commercial Officer	less than a year	no data	no data
Lena Johansson	Board Secretary	no data	no data	no data

0.5yrs

Average Tenure

45yo

Average Age

Experienced Management: RESURS's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Kristina Patek	Independent Director	3.9yrs	kr489.00k	0.0041% SEK 135.6k
Lars Nordstrand	Independent Director	12.3yrs	kr776.00k	no data
Pia-Lena Olofsson	Independent Director	1.6yrs	kr600.00k	no data
Fredrik Carlsson	Independent Director	12.3yrs	kr576.00k	no data
Marita Engstrom	Independent Director	9.3yrs	kr610.00k	no data
Martin Bengtsson	Chairman	12.3yrs	kr137.00k	no data
Mikael Wintzell	Independent Director	6.1yrs	kr440.00k	0.26% SEK 8.6m

9.3yrs

Average Tenure

53yo

Average Age

Experienced Board: RESURS's board of directors are considered experienced (9.3 years average tenure).

Resurs Holding Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently sold kr245k worth of stock

Insufficient new directors

Resurs Holding AB (publ), Annual General Meeting, Apr 25, 2024

Resurs Holding Appoints Sofie Tarring Lindell as New Acting CEO , Effective 1 August 2023

Resurs Holding Announces Chief Executive Officer Changes

Independent Director recently bought kr10.0m worth of stock

Recent updates

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2023 earnings: EPS misses analyst expectations

Consensus EPS estimates increase by 29%

Price target decreased by 13% to kr17.50

Consensus EPS estimates fall by 26%

Full year 2023 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 26%

Resurs Holding AB (publ) Provides Earnings Guidance for the Fourth Quarter, Second Half and Full Year of 2023

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 34%

Consensus EPS estimates fall by 12%

Independent Director recently sold kr245k worth of stock

Insufficient new directors

Third quarter 2023 earnings: EPS misses analyst expectations

Resurs Holding AB (publ) to Report First Half, 2024 Results on Jul 18, 2024

Resurs Holding AB (publ), Annual General Meeting, Apr 25, 2024

Resurs Holding AB (Publ) Approves Dividend, Payable on 5 October 2023

Upcoming dividend of kr0.91 per share at 7.6% yield

Resurs Holding AB (publ) Proposes Dividend, Payable on 5 October 2023

Resurs Holding Appoints Sofie Tarring Lindell as New Acting CEO , Effective 1 August 2023

Price target increased by 7.7% to kr28.00

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Resurs Holding Announces Chief Executive Officer Changes

Independent Director recently bought kr10.0m worth of stock

Independent Director recently bought kr200k worth of stock

Chief Credit & NPL Officer recently bought kr101k worth of stock

Investor sentiment deteriorates as stock falls 19%

Upcoming dividend of kr1.07 per share at 7.7% yield

Resurs Holding's (STO:RESURS) Shareholders Will Receive A Smaller Dividend Than Last Year

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insider recently bought kr53k worth of stock

Resurs Holding (STO:RESURS) Has Announced That Its Dividend Will Be Reduced To SEK1.07

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Resurs Holding AB (publ) to Report Fiscal Year 2022 Final Results on Mar 21, 2023

Resurs Holding AB (publ), Annual General Meeting, Apr 26, 2023

Price target decreased to kr26.67

Upcoming dividend of kr0.92 per share

Resurs Holding AB (Publ) Proposes Distribution of Dividends, Estimated Payable on 20 October 2022

Price target decreased to kr30.33

Resurs Holding AB (publ) Proposes Half-Year Dividend

Resurs Holding AB (publ) (OM:RESURS) acquired Operations of Hemma i Sverige AB.

Price target decreased to kr34.33

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of kr1.31 per share

Consensus EPS estimates fall by 10%

Price target decreased to kr37.33

Investor sentiment deteriorated over the past week

Resurs Holding AB (Publ) Proposes Dividend

Consensus forecasts updated

Price target decreased to kr44.00

Price target decreased to kr45.67

Third quarter 2021 earnings released: EPS kr1.51 (vs kr1.26 in 3Q 2020)

Upcoming dividend of kr3.00 per share

Interim Chief Financial Officer has left the company

Resurs Holding AB (publ) Approves to Pay a Dividend

First quarter 2021 earnings released: EPS kr1.14 (vs kr1.02 in 1Q 2020)

Upcoming dividend of kr2.68 per share

Full year 2020 earnings released: EPS kr4.68 (vs kr6.07 in FY 2019)

New 90-day high: kr48.98

Independent Director recently bought kr201k worth of stock

Independent Director recently bought kr201k worth of stock

CFO, Deputy CEO & Head of Investor Relations Jonas Olin has left the company

Full year 2020 earnings released: EPS kr4.68 (vs kr6.07 in FY 2019)

Revenue and earnings miss expectations

Resurs Holding AB (publ) to Report Q1, 2021 Results on Apr 27, 2021

Resurs Holding AB (publ) to Report Nine Months, 2021 Results on Oct 26, 2021

New 90-day high: kr48.70

Resurs Holding AB (publ) to Report Fiscal Year 2020 Results on Feb 09, 2021