Fortnox AB (publ)

OTCPK:FNOX.F Stock Report

Market Cap: US$5.5b

Fortnox Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Roger Hartelius

Chief executive officer

SEK 7.8m

Total compensation

CEO salary percentage34.6%
CEO tenure4.3yrs
CEO ownership0.04%
Management average tenureno data
Board average tenure5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Roger Hartelius's remuneration changed compared to Fortnox's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024SEK 8mSEK 3m

SEK 710m

Sep 30 2024n/an/a

SEK 690m

Jun 30 2024n/an/a

SEK 650m

Mar 31 2024n/an/a

SEK 613m

Dec 31 2023SEK 5mSEK 2m

SEK 570m

Sep 30 2023n/an/a

SEK 476m

Jun 30 2023n/an/a

SEK 439m

Mar 31 2023n/an/a

SEK 386m

Dec 31 2022SEK 4mSEK 2m

SEK 347m

Sep 30 2022n/an/a

SEK 315m

Jun 30 2022n/an/a

SEK 282m

Mar 31 2022n/an/a

SEK 262m

Dec 31 2021SEK 3mSEK 2m

SEK 241m

Sep 30 2021n/an/a

SEK 232m

Jun 30 2021n/an/a

SEK 216m

Mar 31 2021n/an/a

SEK 210m

Dec 31 2020SEK 3mSEK 1m

SEK 205m

Compensation vs Market: Roger's total compensation ($USD817.21K) is below average for companies of similar size in the US market ($USD8.77M).

Compensation vs Earnings: Roger's compensation has increased by more than 20% in the past year.

CEO

Roger Hartelius (52 yo)

4.3yrs

Tenure

SEK 7,800,000

Compensation

Mr. Roger Hartelius serves as an Acting Chief Executive Officer at Fortnox AB. He served as Deputy Chief Executive Officer at Fortnox AB since 2020 and serves as its Chief Financial Officer since 2021. He...

Board Members

NamePositionTenureCompensationOwnership
Per Bertland
Independent Director4.3yrsSEK 300.00k0.0051%
$ 279.1k
Karl Hallrup
Chairman of the Board14.3yrsSEK 800.00k37.88%
$ 2.1b
Anna Frick
Independent Director9.3yrsSEK 400.00k0.00013%
$ 7.1k
Cecilia Ardstrom
Independent Directorless than a yearSEK 100.00k0.00082%
$ 45.1k
Magnus Gudehn
Independent Director6.3yrsSEK 300.00k0.0036%
$ 200.0k
Lena Glader
Independent Director4.3yrsSEK 400.00k0.00031%
$ 17.0k

5.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: FNOX.F's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/21 21:19
End of Day Share Price 2025/04/03 00:00
Earnings2024/12/31
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

Fortnox AB (publ) is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Simon GranathABG Sundal Collier Sponsored
Victor ChengBofA Global Research