Hanza Management
Management criteria checks 3/4
Hanza's CEO is Erik Stenfors, appointed in Jan 2008, has a tenure of 18.42 years. total yearly compensation is SEK4.77M, comprised of 70.1% salary and 29.9% bonuses, including company stock and options. directly owns 1.04% of the company’s shares, worth SEK105.62M. The average tenure of the management team and the board of directors is 8.6 years and 1.1 years respectively.
Key information
Erik Stenfors
Chief executive officer
SEK 4.8m
Total compensation
| CEO salary percentage | 70.08% |
| CEO tenure | 18.4yrs |
| CEO ownership | 1.0% |
| Management average tenure | 8.6yrs |
| Board average tenure | 1.1yrs |
Recent management updates
Recent updates
Narrative Update • Jun 02
HANZA: Share Repurchases And 2028 Guidance Will Support Measured Progress
Analysts have adjusted their price target for Hanza to SEK189 from SEK172, citing updated assumptions around revenue growth, profit margins and future P/E expectations. These factors feed into a higher assessed fair value and a revised discount rate.
Narrative Update • May 15
HANZA: Repurchases And New Facility Will Support Measured Long Term Outlook
Analysts have lifted their price target on Hanza from SEK149 to SEK175.25, reflecting updated views on fair value, profitability assumptions and a slightly revised long term P/E multiple. What's in the News Hanza plans to start a share repurchase program on March 12, 2026, with a mandate to hold up to 5% of its own shares.Analysis Article • May 13
Additional Considerations Required While Assessing Hanza's (STO:HANZA) Strong Earnings
Hanza AB (publ)'s ( STO:HANZA ) stock was strong after they recently reported robust earnings. However, we think that...Analysis Article • May 08
Hanza AB (publ) Just Beat EPS By 11%: Here's What Analysts Think Will Happen Next
Hanza AB (publ) ( STO:HANZA ) just released its latest first-quarter results and things are looking bullish. Hanza beat...
Narrative Update • Apr 29
HANZA: 2028 Expansion And Capital Returns Will Likely Remain Finely Balanced
Analysts have raised their price target on Hanza from SEK 147 to SEK 149, citing updated assumptions regarding fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Hanza plans to commence a share repurchase program on March 12, 2026, with authority to hold up to 5% of its own shares.Narrative Update • Apr 15
HANZA: New Facility And Buybacks Will Support Measured Progress Toward 2028 Plan
Analysts have kept their Hanza price target steady at SEK 172, indicating only modest tweaks in their models around discount rate, revenue growth, profit margin and future P/E assumptions rather than any clear shift in outlook. What's in the News Hanza plans to start a share repurchase program on March 12, 2026, with authority to hold up to 5% of its shares and a specific market repurchase of up to 161,275 shares for a maximum of SEK 28m running until April 4, 2026, mainly to meet obligations under the LTIP 2023 share based program (Buyback Transaction Announcements).Narrative Update • Mar 31
HANZA: New Swedish Facility And Buybacks Will Support 2028 Upside Potential
Analysts now set a higher price target for Hanza at SEK 172, up from SEK 149, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and a re-rated future P/E multiple. What's in the News Hanza raised earnings guidance for the fiscal year ending December 31, 2028, with net sales now expected to be at least SEK 14b compared to the previous guidance of SEK 6.5b (Corporate guidance).Narrative Update • Mar 17
HANZA: Expanded 2028 Ambitions And Capital Returns Will Likely Prove Stretching
Analysts have raised their price target on Hanza from SEK118.50 to SEK147.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Hanza has started a share repurchase program running until April 4, 2026.Narrative Update • Mar 03
HANZA: New Arjang Facility And Dividend Policy Will Support Balanced Outlook
Analysts have lifted their price target on Hanza from SEK120.25 to SEK149.00, reflecting updated assumptions on fair value that come alongside adjusted views on discount rate, revenue growth, profit margin and future P/E. What's in the News Hanza AB (publ) has announced an annual dividend of SEK 1.5000 per share, with an ex-date on May 13, 2026, record date on May 15, 2026, and payment on May 20, 2026 (Key Developments).Narrative Update • Feb 16
HANZA: Higher Assumptions And HANZA 2028 Plan Will Likely Prove Overstretched
Analysts have raised their price target for Hanza from SEK 80.0 to SEK 118.5, citing updated assumptions on revenue growth, profit margins and a lower future P/E multiple as the key drivers of the change. What's in the News Hanza plans an Analyst and Investor Day focused on summarizing the implementation of HANZA 2025 and presenting the next phase, HANZA 2028, along with other company matters (Key Developments).Narrative Update • Feb 02
HANZA: Finnish Capacity Expansion And Share Structure Changes Will Shape Balanced Outlook
Analysts have reiterated their price target for Hanza at €149, citing updated assumptions around a slightly lower discount rate, adjusted revenue growth and profit margin expectations, and a modestly reduced future P/E multiple as the key drivers behind the unchanged view. What's in the News An Extraordinary General Meeting on November 21, 2025 approved changes to Hanza AB's articles of association to adjust the permitted range of share capital to a minimum of SEK 4,500,000 and a maximum of SEK 18,000,000, and the number of shares to a minimum of 45,000,000 and a maximum of 180,000,000 (Key Developments).Narrative Update • Jan 19
HANZA: Finnish Capacity Expansion And Article Changes Will Support Stronger Outlook
Analysts have raised their price target on Hanza to SEK149.00, citing slightly higher projected revenue growth of 37.73%, a modestly improved profit margin of 6.97%, a lower discount rate of 6.92% and an updated future P/E assumption of 8.16x. What's in the News Hanza AB plans to hold an extraordinary shareholders meeting on November 21, 2025, in Kista, Sweden, with an agenda focused on authorizing a share issue in kind linked to the acquisition of BMK and approving amendments to the articles of association (Key Developments).Narrative Update • Jan 05
HANZA: Defense Expansion And Finnish Capacity Move Will Support Stronger Outlook
Analysts have raised their price target for Hanza from €125.00 to €149.00, citing updated assumptions around revenue growth, profit margins, the discount rate and future P/E as the key drivers of this change. What's in the News An Extraordinary General Meeting on November 21, 2025, approved amendments to Hanza AB's articles of association, adjusting the share capital range to SEK 4,500,000 to SEK 18,000,000 and the share count range to 45,000,000 to 180,000,000 (Key Developments).Narrative Update • Dec 14
HANZA: Defense Manufacturing Expansion And Property Acquisition Will Shape Balanced Outlook
Analysts have raised their price target for Hanza to SEK 120.25 from SEK 120.00, reflecting slightly improved long term assumptions regarding the discount rate, revenue growth, profit margin, and forward P/E. What's in the News Extraordinary General Meeting on November 21, 2025 to decide on share issue authorization for the BMK acquisition and amendments to the articles of association, including confirmation of updated capital and share limits (company EGM notice and resolutions).Narrative Update • Nov 28
HANZA: Defense Expansion And Steady Financial Metrics Will Shape Outlook Ahead
Analysts have revised Hanza's price target, maintaining it at $120.25. Recent assessments indicate stable growth prospects and valuation metrics, despite minor adjustments in market assumptions.Narrative Update • Nov 14
HANZA: Upcoming Defense Industry Deals And Margins Shifts Signal Balanced Outlook
Analysts have revised Hanza's price target to $120.25, maintaining the previous estimate. They cite largely stable forecasts for fair value and revenue growth, along with a modest increase in the discount rate, offset by a narrower projected profit margin and a higher future price-to-earnings ratio.Analysis Article • Nov 05
Hanza (STO:HANZA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Despite posting some strong earnings, the market for Hanza AB (publ)'s ( STO:HANZA ) stock hasn't moved much. We did...Narrative Update • Oct 31
HANZA: Defense Manufacturing Expansion And New Orders Will Support Steady Gains
Analysts have raised their price target for Hanza from $111 to $120.25, citing stronger expectations for revenue growth, improved profit margins, and a lower projected price-to-earnings ratio. What's in the News Hanza has received an initial order worth approximately SEK 40 million from a high-tech company specializing in drones for civilian and defense applications.Analysis Article • Oct 29
After Leaping 30% Hanza AB (publ) (STO:HANZA) Shares Are Not Flying Under The Radar
Hanza AB (publ) ( STO:HANZA ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...Narrative Update • Oct 16
Integration And Automation Will Strengthen Manufacturing Capacity In 3 Years
Analysts have raised their price target for Hanza from $104.88 to $111.00. They cite expectations of stronger revenue growth despite a modestly higher discount rate and slightly lower profit margin projections.Analysis Article • Jul 18
Earnings Tell The Story For Hanza AB (publ) (STO:HANZA) As Its Stock Soars 27%
Despite an already strong run, Hanza AB (publ) ( STO:HANZA ) shares have been powering on, with a gain of 27% in the...Analysis Article • May 09
Earnings Miss: Hanza AB (publ) Missed EPS By 33% And Analysts Are Revising Their Forecasts
As you might know, Hanza AB (publ) ( STO:HANZA ) last week released its latest quarterly, and things did not turn out...Analysis Article • May 08
Hanza's (STO:HANZA) Dividend Is Being Reduced To SEK0.80
Hanza AB (publ) ( STO:HANZA ) is reducing its dividend from last year's comparable payment to SEK0.80 on the 20th of...Analysis Article • Apr 13
Why We're Not Concerned Yet About Hanza AB (publ)'s (STO:HANZA) 28% Share Price Plunge
Hanza AB (publ) ( STO:HANZA ) shareholders won't be pleased to see that the share price has had a very rough month...Analysis Article • Apr 11
Hanza's (STO:HANZA) Dividend Will Be Reduced To SEK0.80
Hanza AB (publ)'s ( STO:HANZA ) dividend is being reduced from last year's payment covering the same period to SEK0.80...Analysis Article • Mar 16
Hanza (STO:HANZA) Will Pay A Smaller Dividend Than Last Year
Hanza AB (publ)'s ( STO:HANZA ) dividend is being reduced from last year's payment covering the same period to SEK0.80...Analysis Article • Feb 27
Hanza (STO:HANZA) Has Announced That Its Dividend Will Be Reduced To SEK0.80
Hanza AB (publ) ( STO:HANZA ) is reducing its dividend from last year's comparable payment to SEK0.80 on the 20th of...Analysis Article • Feb 19
Some May Be Optimistic About Hanza's (STO:HANZA) Earnings
The market for Hanza AB (publ)'s ( STO:HANZA ) shares didn't move much after it posted weak earnings recently. We think...Analysis Article • Feb 14
Hanza AB (publ) Just Missed EPS By 14%: Here's What Analysts Think Will Happen Next
Hanza AB (publ) ( STO:HANZA ) shareholders are probably feeling a little disappointed, since its shares fell 5.7% to...
New Narrative • Feb 07
Successful Integration Of Orbit One Will Improve Operational Efficiency
Strategic restructuring and focus on growing sectors like defense boosts resilience to economic downturns and stabilizes revenue.Analysis Article • Jan 17
News Flash: Analysts Just Made A Substantial Upgrade To Their Hanza AB (publ) (STO:HANZA) Forecasts
Hanza AB (publ) ( STO:HANZA ) shareholders will have a reason to smile today, with the analysts making substantial...Analysis Article • Jul 26
Earnings Miss: Hanza AB (publ) Missed EPS By 76% And Analysts Are Revising Their Forecasts
The analysts might have been a bit too bullish on Hanza AB (publ) ( STO:HANZA ), given that the company fell short of...Analysis Article • Jul 20
Is Now The Time To Look At Buying Hanza AB (publ) (STO:HANZA)?
Hanza AB (publ) ( STO:HANZA ), might not be a large cap stock, but it saw a decent share price growth of 11% on the OM...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | SEK 334m |
| Dec 31 2025 | n/a | n/a | SEK 246m |
| Sep 30 2025 | n/a | n/a | SEK 201m |
| Jun 30 2025 | n/a | n/a | SEK 163m |
| Mar 31 2025 | n/a | n/a | SEK 117m |
| Dec 31 2024 | SEK 5m | SEK 3m | SEK 111m |
| Sep 30 2024 | n/a | n/a | SEK 127m |
| Jun 30 2024 | n/a | n/a | SEK 136m |
| Mar 31 2024 | n/a | n/a | SEK 189m |
| Dec 31 2023 | SEK 5m | SEK 3m | SEK 214m |
| Sep 30 2023 | n/a | n/a | SEK 207m |
| Jun 30 2023 | n/a | n/a | SEK 184m |
| Mar 31 2023 | n/a | n/a | SEK 161m |
| Dec 31 2022 | SEK 5m | SEK 3m | SEK 121m |
| Sep 30 2022 | n/a | n/a | SEK 106m |
| Jun 30 2022 | n/a | n/a | SEK 100m |
| Mar 31 2022 | n/a | n/a | SEK 90m |
| Dec 31 2021 | SEK 4m | SEK 3m | SEK 80m |
| Sep 30 2021 | n/a | n/a | SEK 60m |
| Jun 30 2021 | n/a | n/a | SEK 47m |
| Mar 31 2021 | n/a | n/a | SEK 1m |
| Dec 31 2020 | SEK 3m | SEK 3m | -SEK 1m |
| Sep 30 2020 | n/a | n/a | -SEK 1m |
| Jun 30 2020 | n/a | n/a | -SEK 7m |
| Mar 31 2020 | n/a | n/a | SEK 21m |
| Dec 31 2019 | SEK 3m | SEK 2m | SEK 24m |
Compensation vs Market: Erik's total compensation ($USD505.84K) is below average for companies of similar size in the Swedish market ($USD792.09K).
Compensation vs Earnings: Erik's compensation has been consistent with company performance over the past year.
CEO
Erik Stenfors (60 yo)
18.4yrs
Tenure
SEK 4,766,000
Compensation
Mr. Erik Stenfors is Founder of Hanza AB (publ) (formerly known as Hanza Holding AB (publ)) and has been the Chief Executive Officer and President since 2008. Mr. Stenfors served as Chief Executive Officer...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 18.4yrs | SEK 4.77m | 1.04% SEK 105.6m | |
| Executive VP & CFO | 16.4yrs | no data | no data | |
| Senior VP & COO | 8.6yrs | no data | 0.10% SEK 10.5m | |
| Head of Sales | 1.4yrs | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Head of Sourcing and Logistics & Senior VP | 13.4yrs | no data | no data | |
| Senior VP & Head of Strategic Projects | 6.2yrs | no data | no data | |
| Chief Strategy Officer | 2.4yrs | no data | no data | |
| Head of Sustainability | no data | no data | no data |
8.6yrs
Average Tenure
60yo
Average Age
Experienced Management: HANZA's management team is seasoned and experienced (8.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 1.1yrs | no data | no data | |
| Independent Director | 9.4yrs | SEK 262.00k | no data | |
| Independent Chairman | 11.4yrs | SEK 564.00k | 5.58% SEK 567.8m | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data |
1.1yrs
Average Tenure
65yo
Average Age
Experienced Board: HANZA's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/14 04:41 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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
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 Github.
Analyst Sources
Hanza AB (publ) is covered by 8 analysts. 4 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 |
|---|---|
| Adrian Gilani Göransson | ABG Sundal Collier Sponsored |
| Johan Wettergren | DNB Carnegie Commissioned Research |
| Anders Akerblom | Nordea Markets |