Akastor ASA

OTCPK:AKKV.F Stock Report

Market Cap: US$318.6m

Akastor Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Karl Kjelstad

Chief executive officer

NOK 11.4m

Total compensation

CEO salary percentage46.91%
CEO tenure8yrs
CEO ownership0.3%
Management average tenure4.5yrs
Board average tenure4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Karl Kjelstad's remuneration changed compared to Akastor's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-NOK 45m

Jun 30 2025n/an/a

-NOK 87m

Mar 31 2025n/an/a

NOK 832m

Dec 31 2024NOK 11mNOK 5m

NOK 2b

Sep 30 2024n/an/a

NOK 1b

Jun 30 2024n/an/a

NOK 1b

Mar 31 2024n/an/a

NOK 244m

Dec 31 2023NOK 11mNOK 5m

-NOK 386m

Sep 30 2023n/an/a

-NOK 548m

Jun 30 2023n/an/a

-NOK 366m

Mar 31 2023n/an/a

-NOK 219m

Dec 31 2022NOK 9mNOK 5m

-NOK 331m

Sep 30 2022n/an/a

-NOK 122m

Jun 30 2022n/an/a

-NOK 285m

Mar 31 2022n/an/a

-NOK 303m

Dec 31 2021NOK 9mNOK 5m

-NOK 221m

Sep 30 2021n/an/a

-NOK 212m

Jun 30 2021n/an/a

-NOK 176m

Mar 31 2021n/an/a

-NOK 174m

Dec 31 2020NOK 7mNOK 5m

-NOK 534m

Sep 30 2020n/an/a

-NOK 299m

Jun 30 2020n/an/a

-NOK 260m

Mar 31 2020n/an/a

-NOK 205m

Dec 31 2019NOK 7mNOK 5m

NOK 154m

Compensation vs Market: Karl's total compensation ($USD1.13M) is below average for companies of similar size in the US market ($USD2.29M).

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

CEO

Karl Kjelstad (59 yo)

8yrs
Tenure
NOK 11,430,000
Compensation

Mr. Karl Erik Kjelstad is Chairman of the Board of Eviny AS from January 2025. Mr. Kjelstad is Chairman of Aker Carbon Capture ASA from April 29, 2025. Mr. Kjelstad was Non-Independent Deputy Director of A...

Leadership Team

NamePositionTenureCompensationOwnership
Karl Kjelstad
Chief Executive Officer8yrsNOK 11.43m0.32%
$ 1.0m
Oyvind Paaske
Chief Financial Officer5.8yrsNOK 5.44m0.075%
$ 239.7k
Bruce Lethuillier
Investment Director2yrsno datano data
Eirik Thomassen
Executive VP & General Counselno datano datano data
Jing Taklo
Head of Financial Reporting6yrsno datano data
Kent Liane-Unsgaard
Head of Compliance4.9yrsno datano data
Christian Starberg
Senior Financial Controller4yrsno datano data
Kristin Sveen
Senior Group Controller3.7yrsno datano data
Eirik Bergsvik
Chief Executive Officer of HMH3yrsno datano data
Thomas McGee
Chief Financial Officer of HMHno datano datano data
David Bratton
Senior Vice President of Finance - HMHno datano datano data
4.5yrs
Average Tenure
59yo
Average Age

Experienced Management: AKKV.F's management team is considered experienced (4.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Merrill Miller
Chairman of HMH Holdingno datano datano data
Lone Fonss Schroder
Independent Deputy Chairman15yrsNOK 862.00k0.0016%
$ 5.1k
Frank Reite
Chairman3.8yrsNOK 704.00k0.073%
$ 233.8k
Luis Antonio Araujo
Independent Director4.8yrsNOK 464.00kno data
Svein Stoknes
Director5.8yrsNOK 394.00k0.00048%
$ 1.5k
Nanna Tollefsen
Deputy Director4.8yrsno datano data
Eva Sagemo
Directorno datano datano data
4.8yrs
Average Tenure
60yo
Average Age

Experienced Board: AKKV.F's board of directors are considered experienced (4.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/16 07:37
End of Day Share Price 2025/11/06 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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

Akastor ASA is covered by 19 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lucy HaskinsBarclays
Asad FaridBerenberg
Nicholas GreenBernstein