Midsummer Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Eric Jaremalm

Chief executive officer

kr2.4m

Total compensation

CEO salary percentage	79.9%
CEO tenure	less than a year
CEO ownership	0.4%
Management average tenure	no data
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eric Jaremalm's remuneration changed compared to Midsummer's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-kr204m
Dec 31 2023	n/a	n/a	-kr222m
Sep 30 2023	n/a	n/a	-kr192m
Jun 30 2023	n/a	n/a	-kr186m
Mar 31 2023	n/a	n/a	-kr175m
Dec 31 2022	kr2m	kr2m	-kr88m
Sep 30 2022	n/a	n/a	-kr94m
Jun 30 2022	n/a	n/a	-kr67m
Mar 31 2022	n/a	n/a	-kr52m
Dec 31 2021	kr2m	kr2m	-kr130m
Sep 30 2021	n/a	n/a	-kr122m
Jun 30 2021	n/a	n/a	-kr140m
Mar 31 2021	n/a	n/a	-kr120m
Dec 31 2020	kr2m	kr2m	-kr92m
Sep 30 2020	n/a	n/a	-kr75m
Jun 30 2020	n/a	n/a	-kr63m
Mar 31 2020	n/a	n/a	-kr47m
Dec 31 2019	kr2m	kr1m	-kr40m
Sep 30 2019	n/a	n/a	-kr15m
Jun 30 2019	n/a	n/a	kr22m
Mar 31 2019	n/a	n/a	kr34m
Dec 31 2018	kr1m	kr1m	kr37m
Dec 31 2017	kr1m	kr981k	kr23m

Compensation vs Market: Eric's total compensation ($USD225.52K) is about average for companies of similar size in the Swedish market ($USD247.85K).

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

CEO

Eric Jaremalm (49 yo)

less than a year

Tenure

kr2,444,000

Compensation

Mr. Eric Jaremalm serves as Chief Executive Officer of Midsummer AB (publ) since February 2024. He is Co-Founder of Midsummer AB (publ) and served as its Deputy Chief Executive Officer since September 2022...

Board Members

Name	Position	Tenure	Compensation	Ownership
Sven Lindström	Co-Founder	20.3yrs	kr3.05m	0.19% SEK 836.2k
Jan Lombach	Independent Director	18.3yrs	kr410.00k	4.07% SEK 17.7m
Lars-Ola Lundkvist	Independent Director	2.3yrs	kr125.00k	0.0073% SEK 32.0k
Robert Sjöström	Chairman of the Board	1.3yrs	no data	0.20% SEK 875.7k
Mikael Nicander	Director	1.3yrs	no data	no data
Philip Gao	Independent Director	9.3yrs	no data	3.01% SEK 13.1m
Christel Prinsen	Director	1.3yrs	no data	0.39% SEK 1.7m

2.3yrs

Average Tenure

55yo

Average Age

Experienced Board: MIDS's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Midsummer Management

Management criteria checks 1/4

Key information

Recent management updates

Midsummer AB (Publ) Appoints Eric Jaremalm as the New CEO

Co-Founder recently sold kr1.1m worth of stock

Less than half of directors are independent

Independent Director exercised options to buy kr9.9m worth of stock.

Midsummer Appoints Nominating Committee

Recent updates

First quarter 2024 earnings released: kr0.15 loss per share (vs kr0.54 loss in 1Q 2023)

New major risk - Financial position

Full year 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Midsummer AB (Publ) Appoints Eric Jaremalm as the New CEO

Co-Founder recently sold kr1.1m worth of stock

Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 65.993972 million.

New minor risk - Financial position

Third quarter 2023 earnings released: kr0.56 loss per share (vs kr0.68 loss in 3Q 2022)

New minor risk - Profitability

Second quarter 2023 earnings released: kr0.83 loss per share (vs kr0.77 loss in 2Q 2022)

Less than half of directors are independent

Price target decreased by 65% to kr5.80

New major risk - Shareholder dilution

Forecast to breakeven in 2024

Midsummer AB (publ) has completed a Composite Units Offering in the amount of SEK 277.59978 million.

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Midsummer AB (publ) announced that it has received SEK 20.399993 million in funding from Murel Investment Construction Co.

Third quarter 2022 earnings released: kr0.68 loss per share (vs kr0.32 loss in 3Q 2021)

Price target decreased to kr16.45

Midsummer AB (publ) to Report Q3, 2023 Results on Nov 01, 2023

Would Midsummer (STO:MIDS) Be Better Off With Less Debt?

Does Midsummer (STO:MIDS) Have A Healthy Balance Sheet?

Full year 2021 earnings released: kr2.18 loss per share (vs kr2.65 loss in FY 2020)

Price target decreased to kr16.40

Is Midsummer (STO:MIDS) A Risky Investment?

Independent Director exercised options to buy kr9.9m worth of stock.

Third quarter 2021 earnings released: kr0.32 loss per share (vs kr1.19 loss in 3Q 2020)

Second quarter 2021 earnings released: kr0.64 loss per share (vs kr0.57 loss in 2Q 2020)

First quarter 2021 earnings released: kr0.46 loss per share (vs kr0.021 profit in 1Q 2020)

Full year 2020 earnings released: kr2.65 loss per share (vs kr1.30 loss in FY 2019)

Is Midsummer (STO:MIDS) Using Debt In A Risky Way?

Full year 2020 earnings released: kr2.65 loss per share (vs kr1.30 loss in FY 2019)

Midsummer's(STO:MIDS) Share Price Is Down 51% Over The Past Year.

New 90-day low: kr9.88

Midsummer Appoints Nominating Committee

Midsummer AB (publ) sells UNO system to UNSW Sydney

Midsummer AB (publ) to Report Fiscal Year 2020 Final Results on Apr 15, 2021

New 90-day low: kr10.92

Third quarter 2020 earnings released: kr1.19 loss per share

Here's Why Midsummer (STO:MIDS) Can Afford Some Debt

New 90-day low: kr13.46

New 90-day low: kr16.20

Midsummer AB (publ) to Report Q3, 2020 Results on Nov 24, 2020

New 90-day low - kr18.72

Earnings released