ADDvise Group Management

Management criteria checks 2/4

ADDvise Group's CEO is Rikard Akhtarzand, appointed in Jan 2010, has a tenure of 14.33 years. total yearly compensation is SEK5.99M, comprised of 59% salary and 41% bonuses, including company stock and options. directly owns 5.71% of the company’s shares, worth SEK92.40M. The average tenure of the management team and the board of directors is 2.9 years and 4.1 years respectively.

Key information

Rikard Akhtarzand

Chief executive officer

kr6.0m

Total compensation

CEO salary percentage	59.0%
CEO tenure	14.3yrs
CEO ownership	5.7%
Management average tenure	2.9yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

ADDvise Group AB (publ)'s (STO:ADDV A) 28% Cheaper Price Remains In Tune With Earnings

Feb 23

Need To Know: Analysts Are Much More Bullish On ADDvise Group AB (publ) (STO:ADDV A) Revenues

Nov 08

ADDvise Group (STO:ADDV A) Ticks All The Boxes When It Comes To Earnings Growth

Oct 21

Does ADDvise Group (STO:ADDV A) Have A Healthy Balance Sheet?

Sep 25

ADDvise Group AB (publ) Just Beat EPS By 69%: Here's What Analysts Think Will Happen Next

Jul 26

News Flash: Analysts Just Made A Meaningful Upgrade To Their ADDvise Group AB (publ) (STO:ADDV A) Forecasts

Mar 15

Is ADDvise Group (STO:ADDV A) A Risky Investment?

Jan 24

Is ADDvise Group (STO:ADDV A) A Risky Investment?

Sep 02

CEO Compensation Analysis

How has Rikard Akhtarzand's remuneration changed compared to ADDvise Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr111m
Dec 31 2023	n/a	n/a	kr104m
Sep 30 2023	n/a	n/a	kr102m
Jun 30 2023	n/a	n/a	kr101m
Mar 31 2023	n/a	n/a	kr117m
Dec 31 2022	kr6m	kr4m	kr81m
Sep 30 2022	n/a	n/a	kr55m
Jun 30 2022	n/a	n/a	kr19m
Mar 31 2022	n/a	n/a	kr389k
Dec 31 2021	kr5m	kr3m	kr3m
Sep 30 2021	n/a	n/a	kr7m
Jun 30 2021	n/a	n/a	kr11m
Mar 31 2021	n/a	n/a	kr20m
Dec 31 2020	kr4m	kr2m	kr15m
Sep 30 2020	n/a	n/a	kr17m
Jun 30 2020	n/a	n/a	kr12m
Mar 31 2020	n/a	n/a	kr2m
Dec 31 2019	kr4m	kr2m	kr4m
Sep 30 2019	n/a	n/a	-kr402k
Jun 30 2019	n/a	n/a	-kr2m
Mar 31 2019	n/a	n/a	-kr1m
Dec 31 2018	kr3m	kr2m	-kr1m
Sep 30 2018	n/a	n/a	-kr7m
Jun 30 2018	n/a	n/a	-kr7m
Mar 31 2018	n/a	n/a	-kr5m
Dec 31 2017	kr3m	kr2m	-kr6m

Compensation vs Market: Rikard's total compensation ($USD544.97K) is above average for companies of similar size in the Swedish market ($USD240.79K).

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

CEO

Rikard Akhtarzand (51 yo)

14.3yrs

Tenure

kr5,994,000

Compensation

Mr. Richard Akhtarzand, also known as Rikard, VD, serves as the Chief Executive Officer since 2010 and President of ADDvise Group AB (publ) and served as its Director until May 06, 2022. Mr. Akhtarzand ser...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Akhtarzand	CEO & President	14.3yrs	kr5.99m	5.71% SEK 92.4m
Oliver Humlen	Chief Financial Officer	less than a year	no data	no data
Fredrik Mella	Deputy CEO	2.3yrs	no data	0.12% SEK 2.0m
Hanna Myhrman	General Counsel	3.5yrs	no data	0.015% SEK 246.1k

2.9yrs

Average Tenure

51yo

Average Age

Experienced Management: ADDV A's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Staffan Torstensson	Independent Chairman	4.1yrs	kr233.00k	no data
Anna Ljung	Director	2yrs	kr83.00k	no data
Fredrik Celsing	Independent Director	8.3yrs	kr120.00k	0.019% SEK 306.0k
Erland Pontusson	Director	4.1yrs	kr120.00k	0.029% SEK 467.3k
Johanne Braendgaard	Independent Director	3.3yrs	kr120.00k	no data

4.1yrs

Average Tenure

51yo

Average Age

Experienced Board: ADDV A's board of directors are considered experienced (4.1 years average tenure).

ADDvise Group Management

Management criteria checks 2/4

Key information

Recent management updates

Addvise Group AB (Publ) Announces Erland Pontusson Decline Re-Election from the Board

ADDvise Group AB (publ) Announces Management Changes

Addvise Group AB (Publ) Appoints Oliver Humlen as Member of the Executive Management Team

ADDvise Group Appoints Fredrik Mella as Senior Vice President Alongside His Current Role as Chief Operating Officer

High number of new and inexperienced directors

ADDvise Group AB (publ), Annual General Meeting, May 05, 2023

Recent updates

Consensus EPS estimates fall by 30%

First quarter 2024 earnings released: EPS: kr0.22 (vs kr0.20 in 1Q 2023)

ADDvise Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 100 million.

Addvise Group AB (Publ) Announces Erland Pontusson Decline Re-Election from the Board

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: kr0.56 (vs kr0.46 in FY 2022)

ADDvise Group AB (publ)'s (STO:ADDV A) 28% Cheaper Price Remains In Tune With Earnings

Investor sentiment deteriorates as stock falls 18%

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 20%

ADDvise Group AB (publ) (OM:ADDV A) acquired Axelerist, Inc. for $29.4 million.

With EPS Growth And More, ADDvise Group (STO:ADDV A) Makes An Interesting Case

Consensus EPS estimates fall by 19%, revenue upgraded

Third quarter 2023 earnings released

ADDvise Group AB (publ) to Report First Half, 2024 Results on Jul 18, 2024

New minor risk - Share price stability

Investor sentiment improves as stock rises 18%

ADDvise Group AB (publ) (OM : ADDV A) completed the acquisition of Diabetic Supply Inc.

ADDvise Group AB (publ) Announces Management Changes

Addvise Group AB (Publ) Appoints Oliver Humlen as Member of the Executive Management Team

ADDvise Group AB (publ) Provides Earnings Guidance for the Year 2023

New major risk - Financial position

Second quarter 2023 earnings released

Investor sentiment improves as stock rises 19%

ADDvise Group AB (publ) (OM:ADDV A) signed a Letter of Intent to acquire Innovative Endoscopy Components, L.L.C. for $11.75? million.

Here's Why ADDvise Group (STO:ADDV A) Has Caught The Eye Of Investors

Investor sentiment deteriorates as stock falls 26%

Now 32% undervalued

Investor sentiment improves as stock rises 20%

Here's Why ADDvise Group (STO:ADDV A) Can Manage Its Debt Responsibly

ADDvise Group AB (publ) (OM:ADDV A) has signed a Letter of Intent to acquire Kolplast CI S.A. for approximately BRL 210 million.

Investor sentiment improves as stock rises 17%

Is ADDvise Group AB (publ) (STO:ADDV A) Trading At A 43% Discount?

First quarter 2023 earnings released

Investor sentiment improves as stock rises 17%

Full year 2022 earnings released: EPS: kr0.45 (vs kr0.02 in FY 2021)

ADDvise Group AB (publ) (OM:ADDV A) signed a letter of intent to acquire X-Ray Cassette Repair Company, Inc. for approximately $15 million.

Investor sentiment improves as stock rises 18%

Is ADDvise Group (STO:ADDV A) A Risky Investment?

ADDvise Group Appoints Fredrik Mella as Senior Vice President Alongside His Current Role as Chief Operating Officer

High number of new and inexperienced directors

Need To Know: Analysts Are Much More Bullish On ADDvise Group AB (publ) (STO:ADDV A) Revenues

ADDvise Group AB (publ) to Report Fiscal Year 2022 Final Results on Apr 05, 2023

Second quarter 2022 earnings released: EPS: kr0.11 (vs kr0.001 in 2Q 2021)

Investor sentiment improved over the past week

ADDvise Group (STO:ADDV A) Ticks All The Boxes When It Comes To Earnings Growth

ADDvise Group AB (publ), Annual General Meeting, May 05, 2023

Does ADDvise Group (STO:ADDV A) Have A Healthy Balance Sheet?

ADDvise Group AB (publ) (OM:ADDV A) entered into a letter of intent to acquire Clinichain Holding B.V. for €33.80 million.

ADDvise Group AB (publ) Just Beat EPS By 69%: Here's What Analysts Think Will Happen Next

Second quarter 2022 earnings: Revenues exceed analyst expectations

Price target increased to kr9.25

High number of new and inexperienced directors

ADDvise Group AB (publ) (OM:ADDV A) completed the acquisition of Seebreath AB from the shareholders.

ADDvise Group AB (publ) Announces Executive Changes

First quarter 2022 earnings: EPS misses analyst expectations

First quarter 2022 earnings: Revenues in line with analyst expectations

ADDvise Group AB (publ) (OM:ADDV A) completed the acquisition of Surplus Diabetic, Inc for $19.5 million.

News Flash: Analysts Just Made A Meaningful Upgrade To Their ADDvise Group AB (publ) (STO:ADDV A) Forecasts

Consensus revenue estimates increase by 18%

Full year 2021 earnings: EPS misses analyst expectations

Addvise Group AB (Publ) Not to Propose Any Dividend for the Financial Year 2021

Is ADDvise Group (STO:ADDV A) A Risky Investment?

ADDvise Group AB (publ) (OM:ADDV A) signed a Letter of Intent to acquire Surplus Diabetic, Inc. for $19.5 million.

ADDvise Group AB (publ) (OM:ADDV A) signed a Letter of Intent to acquire Zevex Physical Evaluation for $7.3 million.

Chief Financial Officer Aaron Wong has left the company

ADDvise Group AB (publ) (OM:ADDV A) completed the acquisition of Southern Life Systems, Inc.

Third quarter 2021 earnings released

ADDvise Group AB (Publ) Provides Earnings Guidance for the Financial Year 2022