Nordnet Management
Management criteria checks 3/4
Nordnet's CEO is Lars-Ake Norling, appointed in Sep 2019, has a tenure of 5.25 years. total yearly compensation is SEK10.60M, comprised of 73.6% salary and 26.4% bonuses, including company stock and options. directly owns 0.5% of the company’s shares, worth SEK295.26M. The average tenure of the management team and the board of directors is 4.6 years and 2.9 years respectively.
Key information
Lars-Ake Norling
Chief executive officer
SEK 10.6m
Total compensation
| CEO salary percentage | 73.6% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.5% |
| Management average tenure | 4.6yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
Nordnet AB (publ)'s (STO:SAVE) Shares May Have Run Too Fast Too Soon
Oct 01
Do Nordnet's (STO:SAVE) Earnings Warrant Your Attention?
Aug 21Earnings Not Telling The Story For Nordnet AB (publ) (STO:SAVE)
May 24Nordnet's (STO:SAVE) Dividend Will Be Increased To SEK7.20
Apr 24The CEO Of Nordnet AB (publ) (STO:SAVE) Might See A Pay Rise On The Horizon
Apr 23Here's Why Nordnet (STO:SAVE) Has Caught The Eye Of Investors
Apr 19Nordnet (STO:SAVE) Is Increasing Its Dividend To SEK7.20
Mar 23Nordnet's (STO:SAVE) Upcoming Dividend Will Be Larger Than Last Year's
Mar 07Nordnet (STO:SAVE) Is Paying Out A Larger Dividend Than Last Year
Feb 22CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | SEK 3b |
| Jun 30 2024 | n/a | n/a | SEK 3b |
| Mar 31 2024 | n/a | n/a | SEK 3b |
| Dec 31 2023 | SEK 11m | SEK 8m | SEK 2b |
| Sep 30 2023 | n/a | n/a | SEK 2b |
| Jun 30 2023 | n/a | n/a | SEK 2b |
| Mar 31 2023 | n/a | n/a | SEK 2b |
| Dec 31 2022 | SEK 10m | SEK 7m | SEK 2b |
| Sep 30 2022 | n/a | n/a | SEK 2b |
| Jun 30 2022 | n/a | n/a | SEK 2b |
| Mar 31 2022 | n/a | n/a | SEK 2b |
| Dec 31 2021 | SEK 10m | SEK 7m | SEK 2b |
Compensation vs Market: Lars-Ake's total compensation ($USD959.81K) is below average for companies of similar size in the Swedish market ($USD1.99M).
Compensation vs Earnings: Lars-Ake's compensation has been consistent with company performance over the past year.
CEO
Lars-Ake Norling (56 yo)
5.3yrs
Tenure
SEK 10,600,000
Compensation
Mr. Lars-Ake Valdemar Norling has been the CEO of Nordnet AB (publ) since September 1, 2019. Mr. Norling is the Chief Executive Officer of Nordnet Bank AB since September 1, 2019. He has been an Independen...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 5.3yrs | SEK 10.60m | 0.50% SEK 295.3m | |
| Deputy CEO & Chief Product Officer | 6.2yrs | SEK 4.60m | 0.072% SEK 41.9m | |
| Chief Financial Officer | 5.9yrs | no data | 0.0027% SEK 1.6m | |
| Chief Technology Officer | 3.9yrs | no data | no data | |
| Head of Investor Relations | 2.6yrs | no data | no data | |
| Chief Communications Officer | 12.9yrs | no data | 0.0032% SEK 1.9m | |
| Chief Human Resources Officer | 3.9yrs | no data | 0.0040% SEK 2.3m | |
| CEO Nordnet Pensionsforsakring | 1.9yrs | no data | no data |
4.6yrs
Average Tenure
52yo
Average Age
Experienced Management: SAVE's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 17.9yrs | SEK 700.00k | 1.92% SEK 1.1b | |
| Independent Director | 2.2yrs | SEK 500.00k | no data | |
| Independent Director | 3.7yrs | SEK 600.00k | no data | |
| Independent Director | 5.9yrs | SEK 600.00k | no data | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Independent Director | 4.7yrs | SEK 500.00k | 0.046% SEK 26.7m | |
| Independent Director | 2.2yrs | SEK 500.00k | 0.0013% SEK 755.1k |
2.9yrs
Average Tenure
53yo
Average Age
Experienced Board: SAVE's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 01:35 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| 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 here.
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 .
Analyst Sources
Nordnet AB (publ) is covered by 22 analysts. 9 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 |
|---|---|
| Michael Sanderson | Barclays |
| Alexander Medhurst | Barclays |
| Christoph Greulich | Berenberg |