Qt Group Oyj Management
Management criteria checks 3/4
Qt Group Oyj's CEO is Juha Varelius, appointed in May 2016, has a tenure of 8.58 years. total yearly compensation is €524.43K, comprised of 82.7% salary and 17.3% bonuses, including company stock and options. directly owns 1.58% of the company’s shares, worth $28.04M. The average tenure of the management team and the board of directors is 8.6 years and 1.8 years respectively.
Key information
Juha Varelius
Chief executive officer
€524.4k
Total compensation
| CEO salary percentage | 82.7% |
| CEO tenure | 8.6yrs |
| CEO ownership | 1.6% |
| Management average tenure | 8.6yrs |
| Board average tenure | 1.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | €46m |
| Jun 30 2024 | n/a | n/a | €44m |
| Mar 31 2024 | n/a | n/a | €39m |
| Dec 31 2023 | €524k | €433k | €35m |
| Sep 30 2023 | n/a | n/a | €31m |
| Jun 30 2023 | n/a | n/a | €33m |
| Mar 31 2023 | n/a | n/a | €35m |
| Dec 31 2022 | €16m | €382k | €34m |
| Sep 30 2022 | n/a | n/a | €27m |
| Jun 30 2022 | n/a | n/a | €24m |
| Mar 31 2022 | n/a | n/a | €22m |
| Dec 31 2021 | €27m | €354k | €22m |
| Sep 30 2021 | n/a | n/a | €21m |
| Jun 30 2021 | n/a | n/a | €21m |
| Mar 31 2021 | n/a | n/a | €15m |
| Dec 31 2020 | €7m | €321k | €13m |
| Sep 30 2020 | n/a | n/a | €8m |
| Jun 30 2020 | n/a | n/a | €4m |
| Mar 31 2020 | n/a | n/a | €2m |
| Dec 31 2019 | €327k | €306k | -€352k |
| Sep 30 2019 | n/a | n/a | -€2m |
| Jun 30 2019 | n/a | n/a | -€3m |
| Mar 31 2019 | n/a | n/a | -€2m |
| Dec 31 2018 | €444k | €305k | -€2m |
Compensation vs Market: Juha's total compensation ($USD545.77K) is below average for companies of similar size in the US market ($USD5.47M).
Compensation vs Earnings: Juha's compensation has been consistent with company performance over the past year.
CEO
Juha Varelius (61 yo)
8.6yrs
Tenure
€524,430
Compensation
Mr. Juha Pekka Varelius, M.Sc. (Econ.), M.B.A., has been President and Chief Executive Officer at Qt Group Oyj since May 01, 2016. Mr. Varelius served as the Chief Executive Officer and President at Digia...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 8.6yrs | €524.43k | 1.58% $ 28.0m | |
| Chief Financial Officer | 4.9yrs | no data | 0.0079% $ 139.9k | |
| IR Manager | no data | no data | no data | |
| General Counsel | 8.6yrs | no data | 0.0020% $ 35.9k | |
| Senior Vice President of Marketing | 8.6yrs | no data | 0.047% $ 839.2k | |
| Senior Vice President of People & Culture | less than a year | no data | no data | |
| Senior Vice President of QT Ventures | 8.6yrs | no data | 0.039% $ 699.3k | |
| Senior VP of Product Management | 8.6yrs | no data | 0.058% $ 1.0m | |
| Senior Vice President of Research & Development | 8.6yrs | no data | 0.51% $ 9.1m | |
| Senior Vice President of Sales | 1.5yrs | no data | 0.00039% $ 6.9k | |
| Senior VP of Software Quality Solutions | less than a year | no data | no data |
8.6yrs
Average Tenure
50.5yo
Average Age
Experienced Management: QTGP.F's management team is seasoned and experienced (8.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 1.8yrs | €34.00k | 0.0041% $ 73.3k | |
| Chairman of the Board of Directors | 8.9yrs | €79.50k | 0.098% $ 1.7m | |
| Independent Vice Chair | 6.8yrs | €45.50k | 0.0032% $ 55.9k | |
| Director | less than a year | no data | no data | |
| Independent Director | less than a year | €42.00k | no data | |
| Independent Director | 1.8yrs | €34.50k | no data |
1.8yrs
Average Tenure
54.5yo
Average Age
Experienced Board: QTGP.F's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 22:15 |
| End of Day Share Price | 2024/12/23 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 |
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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 here.
Analysis Model and Snowflake
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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
Qt Group Oyj is covered by 7 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 |
|---|---|
| Matti Riikonen | Carnegie Investment Bank AB |
| Veikkopekka Silvasti | Danske Bank |
| Waltteri Rossi | Danske Bank |