Incentive plans
Total remuneration to Board of Directors and Group Executive Management registered with Danish Business Authority increased compared to 2022.
Short term incentive programme (STIP)
The pay-out under the short-term incentive programme reflects that average performance for the financial KPIs (order intake, revenue contribution margin, EBITA margin and CFFO) were significantly above target and achievement on individual goals above target.
Long term incentive programme (LTIP)
In 2023, management received no pay-out for the long-term incentive programmes (LTIP) for the performance periods 2019-2022. The KPIs for the 2023 LTIP grant are: EBITA-margin, total shareholder return and a sustainability-linked KPI.