Thule Group Management
Management criteria checks 1/4
Thule Group's CEO is Mattias Ankarberg, appointed in Aug 2023, has a tenure of 1.33 years. total yearly compensation is SEK6.22M, comprised of 61% salary and 39% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth $314.04K. The average tenure of the management team and the board of directors is 1.3 years and 2.7 years respectively.
Key information
Mattias Ankarberg
Chief executive officer
SEK 6.2m
Total compensation
| CEO salary percentage | 61.0% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.009% |
| Management average tenure | 1.3yrs |
| Board average tenure | 2.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | SEK 1b |
| Jun 30 2024 | n/a | n/a | SEK 1b |
| Mar 31 2024 | n/a | n/a | SEK 1b |
| Dec 31 2023 | SEK 6m | SEK 4m | SEK 1b |
| Sep 30 2023 | n/a | n/a | SEK 1b |
| Jun 30 2023 | n/a | n/a | SEK 935m |
| Mar 31 2023 | n/a | n/a | SEK 1b |
| Dec 31 2022 | SEK 445k | n/a | SEK 1b |
| Sep 30 2022 | n/a | n/a | SEK 1b |
| Jun 30 2022 | n/a | n/a | SEK 2b |
| Mar 31 2022 | n/a | n/a | SEK 2b |
| Dec 31 2021 | SEK 396k | n/a | SEK 2b |
| Sep 30 2021 | n/a | n/a | SEK 2b |
| Jun 30 2021 | n/a | n/a | SEK 2b |
| Mar 31 2021 | n/a | n/a | SEK 1b |
| Dec 31 2020 | SEK 385k | n/a | SEK 1b |
| Sep 30 2020 | n/a | n/a | SEK 1b |
| Jun 30 2020 | n/a | n/a | SEK 763m |
| Mar 31 2020 | n/a | n/a | SEK 871m |
| Dec 31 2019 | SEK 379k | n/a | SEK 883m |
| Sep 30 2019 | n/a | n/a | SEK 897m |
| Jun 30 2019 | n/a | n/a | SEK 905m |
| Mar 31 2019 | n/a | n/a | SEK 870m |
| Dec 31 2018 | SEK 270k | n/a | SEK 837m |
Compensation vs Market: Mattias's total compensation ($USD563.90K) is below average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Mattias's compensation has increased by more than 20% in the past year.
CEO
Mattias Ankarberg (48 yo)
1.3yrs
Tenure
SEK 6,218,000
Compensation
Mr. Mattias Ankarberg had been the Chief Executive Officer and President at Byggmax Group AB (publ) since November 14, 2016 until 2023. Mr. Ankarberg served as an Independent Director of Thule Group AB (pu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 1.3yrs | SEK 6.22m | 0.0095% $ 314.0k | |
| Chief Financial Officer | less than a year | no data | 0.00071% $ 23.6k | |
| Head of Group Accounting | no data | no data | no data | |
| Senior Vice President Corporate Communications & Investor Relations | less than a year | no data | no data | |
| President of Region Americas | 3.7yrs | no data | no data | |
| Senior Vice President of Product Development | 4.9yrs | no data | 0.0013% $ 42.8k | |
| Secretary | no data | no data | no data |
1.3yrs
Average Tenure
51yo
Average Age
Experienced Management: THUP.Y's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chair of the Board | 17.9yrs | SEK 1.49m | 0.033% $ 1.1m | |
| Independent Director | 2.7yrs | SEK 521.00k | 0.0025% $ 83.3k | |
| Independent Director | 2.7yrs | SEK 426.00k | 0.0031% $ 104.2k | |
| Director | less than a year | no data | no data | |
| Independent Deputy Chairman | 8.6yrs | SEK 471.00k | 0.0016% $ 54.8k | |
| Director | less than a year | no data | no data | |
| Independent Director | 5.7yrs | SEK 661.00k | 0.0017% $ 56.4k | |
| Independent Director | 1.7yrs | SEK 322.00k | 0.014% $ 476.0k |
2.7yrs
Average Tenure
57yo
Average Age
Experienced Board: THUP.Y's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:54 |
| End of Day Share Price | 2024/12/20 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 * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
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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 .
Analyst Sources
Thule Group AB (publ) is covered by 12 analysts. 5 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 |
|---|---|
| Lars Topholm | Carnegie Investment Bank AB |
| Daniel Schmidt | Danske Bank |
| Ebba Marie Bjorklid | DNB Markets |