Nordic Iron Ore AB (publ)

OM:NIO Stock Report

Market Cap: SEK 297.5m

Nordic Iron Ore Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Ronne Hamerslag

Chief executive officer

SEK 2.1m

Total compensation

CEO salary percentage80.5%
CEO tenure2.4yrs
CEO ownershipn/a
Management average tenureless than a year
Board average tenure1.5yrs

Recent management updates

Recent updates

Is Nordic Iron Ore (STO:NIO) A Risky Investment?

Oct 15
Is Nordic Iron Ore (STO:NIO) A Risky Investment?

Is Nordic Iron Ore (STO:NIO) Using Too Much Debt?

Jun 19
Is Nordic Iron Ore (STO:NIO) Using Too Much Debt?

Nordic Iron Ore (STO:NIO) Is Making Moderate Use Of Debt

Feb 05
Nordic Iron Ore (STO:NIO) Is Making Moderate Use Of Debt

Is Nordic Iron Ore (STO:NIO) A Risky Investment?

Sep 14
Is Nordic Iron Ore (STO:NIO) A Risky Investment?

Is Nordic Iron Ore (STO:NIO) In A Good Position To Invest In Growth?

Jun 14
Is Nordic Iron Ore (STO:NIO) In A Good Position To Invest In Growth?

CEO Compensation Analysis

How has Ronne Hamerslag's remuneration changed compared to Nordic Iron Ore's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-SEK 12m

Jun 30 2024n/an/a

-SEK 14m

Mar 31 2024n/an/a

-SEK 13m

Dec 31 2023SEK 2mSEK 2m

-SEK 13m

Sep 30 2023n/an/a

-SEK 13m

Jun 30 2023n/an/a

-SEK 11m

Mar 31 2023n/an/a

-SEK 12m

Dec 31 2022SEK 2mSEK 732k

-SEK 10m

Compensation vs Market: Ronne's total compensation ($USD192.66K) is about average for companies of similar size in the Swedish market ($USD234.50K).

Compensation vs Earnings: Ronne's compensation has increased whilst the company is unprofitable.

CEO

Ronne Hamerslag (55 yo)

2.4yrs

Tenure

SEK 2,114,000

Compensation

Mr. Ronne Hamerslag is Director of Mahvie Minerals AB (publ). Mr. Hamerslag serves as Chief Executive Officer at Nordic Iron Ore AB since July 25, 2022. He serves as a Consultant.He served as Director of...

Leadership Team

NamePositionTenureCompensationOwnership
Ronne Hamerslag
Chief Executive Officer2.4yrsSEK 2.11mno data
Ulf Kasshag
Chief Financial Officerless than a yearno datano data
Karl-Owe Svensson
Head of Logisticsless than a yearno datano data
Malin Ekasen
Interim Head of Environmentless than a yearno datano data

0.8yrs

Average Tenure

60yo

Average Age

Experienced Management: NIO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Bengt Nilsson
Independent Chairman1.5yrsSEK 300.00kno data
Pierre Heeroma
Directorless than a yearno datano data
Anders Bengtsson
Directorless than a yearSEK 75.00kno data
Gösta Bergman
Independent Director6.3yrsSEK 100.00kno data
Tomas Olofsson
Director12.9yrsSEK 100.00k13.32%
SEK 39.6m
Tobias Hansson
Independent Director1.5yrsSEK 100.00kno data
Leon Davies
Directorless than a yearno datano data

1.5yrs

Average Tenure

62.5yo

Average Age

Experienced Board: NIO's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 11:43
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Nordic Iron Ore AB (publ) is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution