Billerud Management

Management criteria checks 2/4

Billerud's CEO is Ivar Vatne, appointed in Jul 2023, has a tenure of 1.33 years. total yearly compensation is SEK4.64M, comprised of 67.9% salary and 32.1% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth SEK4.04M. The average tenure of the management team and the board of directors is 1.3 years and 3.3 years respectively.

Key information

Ivar Vatne

Chief executive officer

SEK 4.6m

Total compensation

CEO salary percentage	67.9%
CEO tenure	1.3yrs
CEO ownership	0.02%
Management average tenure	1.3yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt

Aug 31

Returns On Capital At Billerud (STO:BILL) Paint A Concerning Picture

May 21

Analysts Have Made A Financial Statement On Billerud AB (publ)'s (STO:BILL) First-Quarter Report

Apr 27

Billerud's (STO:BILL) Shareholders Have More To Worry About Than Only Soft Earnings

Feb 02

Earnings Miss: Billerud AB (publ) Missed EPS By 48% And Analysts Are Revising Their Forecasts

Jan 28

Billerud (STO:BILL) Has Some Way To Go To Become A Multi-Bagger

Jan 23

Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt

Dec 11

Is Billerud AB (publ) (STO:BILL) Worth kr98.2 Based On Its Intrinsic Value?

Nov 22

Returns On Capital At Billerud (STO:BILL) Have Hit The Brakes

Sep 10

We Think Billerud (STO:BILL) Is Taking Some Risk With Its Debt

Aug 14

Billerud AB (publ) (STO:BILL) Shares Could Be 20% Below Their Intrinsic Value Estimate

Jul 23

We Like These Underlying Return On Capital Trends At Billerud (STO:BILL)

Jun 07

These 4 Measures Indicate That Billerud (STO:BILL) Is Using Debt Reasonably Well

Apr 13

Calculating The Fair Value Of Billerud AB (publ) (STO:BILL)

Mar 17

Investors Will Want Billerud's (STO:BILL) Growth In ROCE To Persist

Mar 05

If EPS Growth Is Important To You, Billerud (STO:BILL) Presents An Opportunity

Jan 20

These 4 Measures Indicate That Billerud (STO:BILL) Is Using Debt Safely

Jan 08

Estimating The Intrinsic Value Of Billerud AB (publ) (STO:BILL)

Dec 03

We Ran A Stock Scan For Earnings Growth And BillerudKorsnäs (STO:BILL) Passed With Ease

Oct 13

Is BillerudKorsnäs (STO:BILL) A Risky Investment?

Aug 24

Slowing Rates Of Return At BillerudKorsnäs (STO:BILL) Leave Little Room For Excitement

Jul 26

CEO Compensation Analysis

How has Ivar Vatne's remuneration changed compared to Billerud's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	SEK 611m
Jun 30 2024	n/a	n/a	SEK 702m
Mar 31 2024	n/a	n/a	SEK 158m
Dec 31 2023	SEK 5m	SEK 3m	SEK 484m

Compensation vs Market: Ivar's total compensation ($USD419.80K) is below average for companies of similar size in the Swedish market ($USD933.93K).

Compensation vs Earnings: Insufficient data to compare Ivar's compensation with company performance.

CEO

Ivar Vatne (46 yo)

1.3yrs

Tenure

SEK 4,636,000

Compensation

Mr. Ivar Vatne was Executive Vice President at Billerud AB (publ) (Billerud Aktiebolag (formerly known as BillerudKorsns AB (publ))) since May 2019 until August 2023 and served as its Deputy Chief Executiv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ivar Vatne	President & CEO	1.3yrs	SEK 4.64m	0.016% SEK 4.0m
Andrei Kres	Chief Financial Officer	1.3yrs	no data	0.0016% SEK 410.0k
Lena Schattauer	Head of Investor Relations & Director Investor Relations	no data	no data	no data
Andreas Mattsson	Executive Vice President of Legal & Strategic Projects	no data	no data	0.0072% SEK 1.8m
Paulina Ekvall	Executive Vice President of Human Resources & Communications	7.8yrs	no data	0.0084% SEK 2.1m
Louise Bjarke	Head of Press	no data	no data	no data
Matthew Hirst	President of Europe	1.3yrs	no data	0.011% SEK 2.8m
Ulrika Wedberg	Executive Vice President of Sustainability & Public Affairs	1.3yrs	no data	0.0013% SEK 318.0k
Robert Pletzin	Head of Media Relations	less than a year	no data	no data
Doug Schwartz	President of Billerud North America	less than a year	no data	no data

1.3yrs

Average Tenure

47yo

Average Age

Experienced Management: BILL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Magnus Nicolin	Independent Director	2.5yrs	SEK 580.00k	0.0048% SEK 1.2m
Andreas Blaschke	Independent Director	less than a year	no data	no data
Jan Svensson	Independent Chairman of the Board	4.5yrs	SEK 1.75m	0.012% SEK 3.0m
Florian Heiserer	Director	2.5yrs	SEK 680.00k	0.00080% SEK 198.8k
Victoria Van Camp	Independent Director	7.5yrs	SEK 605.00k	0.0016% SEK 402.5k
Regi Aalstad	Independent Director	1.5yrs	SEK 680.00k	no data
Nicklas Johansson	Employee Representative Director	7.8yrs	no data	no data
Bo Knoos	Deputy Director	7.8yrs	no data	no data
Per Bertilsson	Employee Representative Director	3.8yrs	no data	no data
Magnus Axelsson	Deputy Director	2.8yrs	no data	0.000050% SEK 12.4k

3.3yrs

Average Tenure

60yo

Average Age

Experienced Board: BILL's board of directors are considered experienced (3.3 years average tenure).

Billerud Management

Management criteria checks 2/4

Key information

Recent management updates

Billerud AB (publ), Annual General Meeting, May 20, 2025

Billerud Appoints Doug Schwartz as President Billerud North America and Member of the Group Management Team, Effective 30 September 2024

Insider recently sold kr333k worth of stock

Billerud Announces Executive Changes

High number of new directors

Jan Åström Declines Re-Election to Board of Billerud AB (publ)

Recent updates

Now 23% undervalued after recent price drop

Third quarter 2024 earnings: EPS exceeds analyst expectations

Billerud AB (publ), Annual General Meeting, May 20, 2025

Billerud Appoints Doug Schwartz as President Billerud North America and Member of the Group Management Team, Effective 30 September 2024

Price target increased by 10% to kr128

Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Insider recently sold kr333k worth of stock

Billerud AB (publ) to Report Q4, 2024 Results on Jan 30, 2025

Billerud Announces Executive Changes

High number of new directors

Billerud AB (Publ) Approves Dividend for 2023, Payable on 28 May 2024

Price target increased by 7.2% to kr112

Returns On Capital At Billerud (STO:BILL) Paint A Concerning Picture

Upcoming dividend of kr2.00 per share

Consensus EPS estimates increase by 12%

Analysts Have Made A Financial Statement On Billerud AB (publ)'s (STO:BILL) First-Quarter Report

Billerud (STO:BILL) Is Paying Out Less In Dividends Than Last Year

Jan Åström Declines Re-Election to Board of Billerud AB (publ)

Billerud (STO:BILL) Is Paying Out Less In Dividends Than Last Year

Is Billerud (STO:BILL) Using Too Much Debt?

Full year 2023 earnings: EPS and revenues miss analyst expectations

Investors Still Waiting For A Pull Back In Billerud AB (publ) (STO:BILL)

Billerud's (STO:BILL) Shareholders Have More To Worry About Than Only Soft Earnings

Consensus EPS estimates fall by 13%

Dividend of kr2.00 announced

Earnings Miss: Billerud AB (publ) Missed EPS By 48% And Analysts Are Revising Their Forecasts

Billerud AB Proposes Dividend for 2023

Billerud (STO:BILL) Has Some Way To Go To Become A Multi-Bagger

Billerud Aktiebolag Appoints Robert Pletzin as Head of Media Relations, Effective April 1, 2024

Billerud AB (publ) Appoints Andrei Krés as CFO

Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt

Billerud AB (Publ) Appoints Ivar Vatne as President

Is Billerud AB (publ) (STO:BILL) Worth kr98.2 Based On Its Intrinsic Value?

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 33%

Consensus EPS estimates upgraded to kr0.035 loss

Billerud Aktiebolag Announces Nomination Committee for cAnnual General Meeting 2024

Consensus EPS estimates upgraded to kr0.14 loss, revenue downgraded

Returns On Capital At Billerud (STO:BILL) Have Hit The Brakes

Billerud AB (publ) to Report Q3, 2024 Results on Oct 24, 2024

President of the North America recently bought kr282k worth of stock

Billerud AB (Publ) Announces Management Changes

We Think Billerud (STO:BILL) Is Taking Some Risk With Its Debt

Consensus EPS estimates upgraded to kr0.27 loss

Billerud AB Announces Retirement of Christoph Michalski as CEO

Price target decreased by 9.2% to kr91.57

Billerud AB (publ) (STO:BILL) Shares Could Be 20% Below Their Intrinsic Value Estimate

Now 20% undervalued after recent price drop

New minor risk - Dividend sustainability

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Mimir Invest AB signed an agreement to acquire Billerud Managed Packaging Ab from Billerud AB (publ) (OM:BILL).

Consensus EPS estimates fall by 14%

Price target decreased by 7.1% to kr101

Consensus EPS estimates fall by 12%

We Like These Underlying Return On Capital Trends At Billerud (STO:BILL)

High number of new directors

Billerud Aktiebolag (Publ) Resolves to Pay Dividend , Payable on 31 May 2023

Upcoming dividend of kr7.50 per share at 5.7% yield

Insider recently sold kr309k worth of stock

Price target decreased by 8.2% to kr114

President & CEO recently bought kr1.5m worth of stock

These 4 Measures Indicate That Billerud (STO:BILL) Is Using Debt Reasonably Well

Full year 2022 earnings: Revenues in line with analyst expectations

Calculating The Fair Value Of Billerud AB (publ) (STO:BILL)

Investors Will Want Billerud's (STO:BILL) Growth In ROCE To Persist

Independent Director recently bought kr78k worth of stock

Billerud AB (Publ) Declares Extraordinary Dividend for Fiscal Year 2022

Full year 2022 earnings: EPS misses analyst expectations