Recticel Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Jan Vergote

Chief executive officer

€870.8k

Total compensation

CEO salary percentage	24.9%
CEO tenure	1.2yrs
CEO ownership	n/a
Management average tenure	1.9yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

These 4 Measures Indicate That Recticel (EBR:RECT) Is Using Debt Reasonably Well

Jun 05

Is It Time To Consider Buying Recticel SA/NV (EBR:RECT)?

Apr 10

What You Can Learn From Recticel SA/NV's (EBR:RECT) P/S

Feb 01

Is Recticel (EBR:RECT) A Risky Investment?

Nov 05

Recticel SA/NV's (EBR:REC) Intrinsic Value Is Potentially 77% Above Its Share Price

Apr 08

Is Recticel's (EBR:REC) 147% Share Price Increase Well Justified?

Mar 19

Here's Why Recticel (EBR:REC) Has A Meaningful Debt Burden

Mar 03

Is Recticel SA/NV (EBR:REC) A Strong Dividend Stock?

Feb 17

How Much Of Recticel SA/NV (EBR:REC) Do Institutions Own?

Feb 01

Are Recticel's (EBR:REC) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Jan 18

Is Recticel (EBR:REC) Likely To Turn Things Around?

Jan 05

What Is Recticel SA/NV's (EBR:REC) Share Price Doing?

Dec 22

Is Recticel SA/NV's (EBR:REC) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Dec 09

Is Recticel SA/NV (EBR:REC) Trading At A 46% Discount?

Nov 24

Does Recticel's (EBR:REC) Statutory Profit Adequately Reflect Its Underlying Profit?

Aug 11

Are Recticel's (EBR:REC) Statutory Earnings A Good Guide To Its Underlying Profitability?

Aug 11

Should Recticel SA/NV (EBR:REC) Be Part Of Your Dividend Portfolio?

Jul 31

Do Its Financials Have Any Role To Play In Driving Recticel SA/NV's (EBR:REC) Stock Up Recently?

Jul 17

A Look At The Fair Value Of Recticel SA/NV (EBR:REC)

Jun 30

CEO Compensation Analysis

How has Jan Vergote's remuneration changed compared to Recticel's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€7m
Mar 31 2024	n/a	n/a	-€1m
Dec 31 2023	€871k	€217k	-€9m

Compensation vs Market: Jan's total compensation ($USD916.71K) is about average for companies of similar size in the Belgian market ($USD734.70K).

Compensation vs Earnings: Insufficient data to compare Jan's compensation with company performance.

CEO

Jan Vergote

1.2yrs

Tenure

€870,779

Compensation

Mr. Jan Vergote serves as the Chief Executive Officer of IVC BVBA. He serves as Chief Executive Officer at Recticel SA/NV since September 2023 and serves as its Director since 2024. He serves as General Ma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jan Vergote	CEO & GM of Insulation Boards and MD	1.2yrs	€870.78k	no data
Betty Bogaert	Chief Information & Digitalisation Officer	no data	no data	no data
Rob Nijskens	Chief Human Resource Officer	3.7yrs	no data	no data
Bozo Cernila	General Manager Insulated Panels	2.6yrs	no data	no data
Bart Van Eede	Chief Financial Officer	less than a year	no data	no data
Michel De Smedt	Communications & Investor Relations Officer	no data	no data	no data

1.9yrs

Average Tenure

Experienced Management: RECT's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jan Vergote	CEO & GM of Insulation Boards and MD	less than a year	€870.78k	no data
Luc Missorten	Independent Director	9.5yrs	€70.00k	no data
Filiep Balcaen	Non-Executive Director	2.7yrs	€45.00k	no data
Ingrid Merckx	Independent Director	12.5yrs	€45.00k	no data
Elisa Vlerick	Independent Non-Executive Director	5.5yrs	€42.50k	0.0089% € 57.6k
Wim Dejonghe	Independent Chairman	less than a year	no data	no data
Frank Coenen	Independent Director	less than a year	no data	no data

2.7yrs

Average Tenure

64yo

Average Age

Experienced Board: RECT's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Recticel Management

Management criteria checks 1/4

Key information

Recent management updates

Insufficient new directors

Insufficient new directors

Recent updates

We Like The Quality Of Recticel's (EBR:RECT) Earnings

First half 2024 earnings released: EPS: €0.082 (vs €0.19 loss in 1H 2023)

What Is Recticel SA/NV's (EBR:RECT) Share Price Doing?

Now 21% overvalued after recent price rise

Recticel SA/NV (EBR:RECT) Could Be Riskier Than It Looks

These 4 Measures Indicate That Recticel (EBR:RECT) Is Using Debt Reasonably Well

Full year 2023 earnings: EPS misses analyst expectations

Is It Time To Consider Buying Recticel SA/NV (EBR:RECT)?

Now 20% overvalued after recent price rise

Full year 2023 earnings released: €0.16 loss per share (vs €0.19 profit in FY 2022)

Price target increased by 10% to €12.83

What You Can Learn From Recticel SA/NV's (EBR:RECT) P/S

Is Recticel (EBR:RECT) A Risky Investment?

Recticel SA/NV to Report Fiscal Year 2023 Results on Feb 29, 2024

Price target decreased by 11% to €12.25

Price target decreased by 8.4% to €13.78

First half 2023 earnings released: €0.19 loss per share (vs €0.22 profit in 1H 2022)

Price target decreased by 11% to €14.28

New major risk - Revenue and earnings growth

Consensus EPS estimates fall by 31%, revenue upgraded

Carpenter Co. completed the acquisition of Engineered Foams business of Recticel SA/NV (ENXTBR:REC) for an enterprise value of approximately €450 million.

Price target decreased by 7.7% to €18.00

Investor sentiment deteriorates as stock falls 20%

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to €19.83

Insufficient new directors

Price target decreased to €20.50

Now 21% undervalued after recent price drop

Consensus forecasts updated

Price target decreased to €21.83

Consensus revenue estimates fall by 14%

First half 2022 earnings released: EPS: €0.20 (vs €0.48 in 1H 2021)

Recticel SA/NV to Report First Half, 2023 Results on Aug 31, 2023

Investor sentiment deteriorated over the past week

Consensus revenue estimates fall by 13%

Insufficient new directors

Consensus EPS estimates increase by 23%

Consensus forecasts updated

Price target increased to €23.67

Price target increased to €23.00

Investor sentiment improved over the past week

Consensus revenue estimates fall by 14%

Price target increased to €22.00

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Greiner Reportedly to Exit Recticel After Failed Takeover

Investor sentiment improved over the past week

Price target increased to €19.67

First half 2021 earnings released: EPS €0.48 (vs €0.16 loss in 1H 2020)

Price target increased to €18.00

Price target increased to €16.33

Price target increased to €16.00

Recticel SA/NV's (EBR:REC) Intrinsic Value Is Potentially 77% Above Its Share Price

Recticel SA/NV (ENXTBR:REC) entered into an agreement to acquire Gor Stal Sp Z O O for €30 million.

Is Recticel's (EBR:REC) 147% Share Price Increase Well Justified?

Here's Why Recticel (EBR:REC) Has A Meaningful Debt Burden

Full year 2020 earnings released: €0.10 loss per share (vs €0.45 profit in FY 2019)

Revenue beats expectations, earnings disappoint

New 90-day high: €12.74

Price target raised to €14.17

Is Recticel SA/NV (EBR:REC) A Strong Dividend Stock?

New 90-day high: €12.52

How Much Of Recticel SA/NV (EBR:REC) Do Institutions Own?

Are Recticel's (EBR:REC) Statutory Earnings A Good Reflection Of Its Earnings Potential?

New 90-day high: €12.12

Is Recticel (EBR:REC) Likely To Turn Things Around?

What Is Recticel SA/NV's (EBR:REC) Share Price Doing?

Is Recticel SA/NV's (EBR:REC) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

New 90-day high: €9.92

Is Recticel SA/NV (EBR:REC) Trading At A 46% Discount?

Price target raised to €11.67

Recticel SA/NV (ENXTBR:REC) entered into final agreement to acquire Fritz Nauer AG from Conzzeta AG (SWX:CON) for an enterprise value of CHF 270 million.

New 90-day high: €9.40

Analysts update estimates