Fortnox Management
Management criteria checks 3/4
Fortnox's CEO is Tommy Eklund, appointed in Jan 2020, has a tenure of 5.08 years. total yearly compensation is SEK11.10M, comprised of 30.6% salary and 69.4% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth SEK27.53M. The average tenure of the management team and the board of directors is 4.1 years and 5.1 years respectively.
Key information
Tommy Eklund
Chief executive officer
SEK 11.1m
Total compensation
CEO salary percentage | 30.6% |
CEO tenure | 5.1yrs |
CEO ownership | 0.06% |
Management average tenure | 4.1yrs |
Board average tenure | 5.1yrs |
Recent management updates
Recent updates
A Look At The Fair Value Of Fortnox AB (publ) (STO:FNOX)
Dec 30Fortnox AB (publ)'s (STO:FNOX) Shares May Have Run Too Fast Too Soon
Dec 16Is It Too Late To Consider Buying Fortnox AB (publ) (STO:FNOX)?
Nov 14Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report
Oct 27Fortnox AB (publ)'s (STO:FNOX) Earnings Haven't Escaped The Attention Of Investors
Jun 12Fortnox AB (publ) (STO:FNOX) Shares Could Be 27% Above Their Intrinsic Value Estimate
Apr 09Fortnox (STO:FNOX) Might Be Having Difficulty Using Its Capital Effectively
Mar 08Earnings Tell The Story For Fortnox AB (publ) (STO:FNOX) As Its Stock Soars 37%
Feb 19Fortnox AB (publ) Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next
Feb 18With Fortnox AB (publ) (STO:FNOX) It Looks Like You'll Get What You Pay For
Jan 05When Should You Buy Fortnox AB (publ) (STO:FNOX)?
Dec 21Is Fortnox (STO:FNOX) A Risky Investment?
Nov 23Is Now The Time To Put Fortnox (STO:FNOX) On Your Watchlist?
Nov 09Calculating The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)
Oct 27Is There Now An Opportunity In Fortnox AB (publ) (STO:FNOX)?
Sep 17These 4 Measures Indicate That Fortnox (STO:FNOX) Is Using Debt Safely
Aug 20If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity
Aug 08At kr65.50, Is It Time To Put Fortnox AB (publ) (STO:FNOX) On Your Watch List?
Jun 09Fortnox (STO:FNOX) Has A Rock Solid Balance Sheet
May 12Do Fortnox's (STO:FNOX) Earnings Warrant Your Attention?
Apr 06Is Fortnox (STO:FNOX) Using Too Much Debt?
Jan 18Here's Why We Think Fortnox (STO:FNOX) Might Deserve Your Attention Today
Dec 16A Look At The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)
Dec 01What Does Fortnox AB (publ)'s (STO:FNOX) Share Price Indicate?
Oct 31Fortnox (STO:FNOX) Seems To Use Debt Rather Sparingly
Oct 16If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity
Sep 12Fortnox AB (publ) (STO:FNOX) Shares Could Be 26% Below Their Intrinsic Value Estimate
Aug 25Is Fortnox AB (publ) (STO:FNOX) Potentially Undervalued?
Jul 20Fortnox (STO:FNOX) Could Easily Take On More Debt
Jul 02Is There An Opportunity With Fortnox AB (publ)'s (STO:FNOX) 20% Undervaluation?
May 26Here's Why I Think Fortnox (STO:FNOX) Is An Interesting Stock
May 04At kr58.79, Is Fortnox AB (publ) (STO:FNOX) Worth Looking At Closely?
Apr 16Estimating The Fair Value Of Fortnox AB (publ) (NGM:FNOX)
Jan 13Here's Why I Think Fortnox (NGM:FNOX) Might Deserve Your Attention Today
Dec 21I Ran A Stock Scan For Earnings Growth And Fortnox (NGM:FNOX) Passed With Ease
Sep 16When Should You Buy Fortnox AB (NGM:FNOX)?
Jul 22Is Fortnox AB (NGM:FNOX) Worth kr390 Based On Its Intrinsic Value?
Jun 10CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Sep 30 2024 | n/a | n/a | SEK 690m |
Jun 30 2024 | n/a | n/a | SEK 650m |
Mar 31 2024 | n/a | n/a | SEK 613m |
Dec 31 2023 | SEK 11m | SEK 3m | SEK 570m |
Sep 30 2023 | n/a | n/a | SEK 476m |
Jun 30 2023 | n/a | n/a | SEK 439m |
Mar 31 2023 | n/a | n/a | SEK 386m |
Dec 31 2022 | SEK 9m | SEK 3m | SEK 347m |
Sep 30 2022 | n/a | n/a | SEK 315m |
Jun 30 2022 | n/a | n/a | SEK 282m |
Mar 31 2022 | n/a | n/a | SEK 262m |
Dec 31 2021 | SEK 7m | SEK 3m | SEK 241m |
Sep 30 2021 | n/a | n/a | SEK 232m |
Jun 30 2021 | n/a | n/a | SEK 216m |
Mar 31 2021 | n/a | n/a | SEK 210m |
Dec 31 2020 | SEK 6m | SEK 3m | SEK 205m |
Compensation vs Market: Tommy's total compensation ($USD1.02M) is about average for companies of similar size in the Swedish market ($USD1.03M).
Compensation vs Earnings: Tommy's compensation has increased by more than 20% in the past year.
CEO
Tommy Eklund (48 yo)
5.1yrs
Tenure
SEK 11,100,000
Compensation
Mr. Tommy Eklund is the Chief Executive Officer and President at Fortnox AB since January 2020.
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & President | 5.1yrs | SEK 11.10m | 0.058% SEK 27.5m | |
Deputy CEO & CFO | 4.1yrs | SEK 4.90m | 0.034% SEK 16.1m | |
COO & Business Area Manager | 4.1yrs | no data | 0.0028% SEK 1.3m | |
Customer Experience & Brand Manager | no data | no data | no data | |
Business Area Manager | no data | no data | 0.00011% SEK 51.9k | |
Business Area Manager Entrepreneurship | no data | no data | 0.00082% SEK 386.7k | |
Business Area Manager Financial Services | no data | no data | 0.0016% SEK 773.5k | |
Business Area Manager of Accounting Firms | no data | no data | 0.00074% SEK 349.0k |
4.1yrs
Average Tenure
48yo
Average Age
Experienced Management: FNOX's management team is considered experienced (4.1 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Independent Director | 4.1yrs | SEK 300.00k | 0.0051% SEK 2.4m | |
Chairman of the Board | 14.1yrs | SEK 800.00k | 18.94% SEK 8.9b | |
Independent Director | 9.1yrs | SEK 400.00k | 0.00013% SEK 61.3k | |
Director | less than a year | no data | no data | |
Independent Director | 6.1yrs | SEK 300.00k | 0.0036% SEK 1.7m | |
Independent Director | 4.1yrs | SEK 400.00k | 0.00031% SEK 146.2k |
5.1yrs
Average Tenure
60.5yo
Average Age
Experienced Board: FNOX's board of directors are considered experienced (5.1 years average tenure).
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2025/02/12 18:52 |
End of Day Share Price | 2025/02/12 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 * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Fortnox AB (publ) is covered by 14 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 |
---|---|
null null | ABG Sundal Collier |
Simon Granath | ABG Sundal Collier Sponsored |
Victor Cheng | BofA Global Research |