ElringKlinger Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Thomas Jessulat

Chief executive officer

€1.2m

Total compensation

CEO salary percentage	36.9%
CEO tenure	8.8yrs
CEO ownership	n/a
Management average tenure	6.6yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Thomas Jessulat's remuneration changed compared to ElringKlinger's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-€10m
Jun 30 2024	n/a	n/a	€53m
Mar 31 2024	n/a	n/a	€46m
Dec 31 2023	€1m	€451k	€39m
Sep 30 2023	n/a	n/a	€14m
Jun 30 2023	n/a	n/a	€10m
Mar 31 2023	n/a	n/a	-€86m
Dec 31 2022	€1m	€401k	-€89m
Sep 30 2022	n/a	n/a	-€86m
Jun 30 2022	n/a	n/a	-€80m
Mar 31 2022	n/a	n/a	€22m
Dec 31 2021	€1m	€401k	€56m
Sep 30 2021	n/a	n/a	€44m
Jun 30 2021	n/a	n/a	€39m
Mar 31 2021	n/a	n/a	-€5m
Dec 31 2020	€910k	€317k	-€41m
Sep 30 2020	n/a	n/a	-€23m
Jun 30 2020	n/a	n/a	-€19m
Mar 31 2020	n/a	n/a	€8m
Dec 31 2019	€965k	€317k	€4m
Sep 30 2019	n/a	n/a	-€5m
Jun 30 2019	n/a	n/a	-€464k
Mar 31 2019	n/a	n/a	€17m
Dec 31 2018	€1m	€317k	€44m
Sep 30 2018	n/a	n/a	€55m
Jun 30 2018	n/a	n/a	€61m
Mar 31 2018	n/a	n/a	€71m
Dec 31 2017	€1m	€288k	€70m

Compensation vs Market: Thomas's total compensation ($USD1.28M) is above average for companies of similar size in the German market ($USD911.68K).

Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.

CEO

Thomas Jessulat (55 yo)

8.8yrs

Tenure

€1,222,000

Compensation

Mr. Thomas Jessulat has been Member of Management Board at ElringKlinger AG since January 1, 2016 and has been its Chairman of Management Board. He serves as Chief Executive Officer of ElringKlinger AG sin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thomas Jessulat	CEO & Chairman of Management Board	8.8yrs	€1.22m	no data
Reiner Drews	COO & Member of Management Board	6.6yrs	€1.10m	no data
Dirk Willers	Chief Sales Officer & Member of Management Board	1.1yrs	€412.00k	no data
Olcay Zeybek	Head of Accounting & Employee Representative Member of Supervisory Board	22.8yrs	€56.00k	no data
Manfred Straub	MD & Member of the Supervisory Board	no data	€66.00k	no data
Bernd Weckenmann	Employee Representative Member of Supervisory Board & VP of Procurement and Supply Chain Management	3.8yrs	€56.00k	no data
Jens Winter	Head Investor Relations & VP of Strategic Communications	no data	no data	no data
Carolin Junk	Head of Corporate Human Resources	no data	no data	no data
Olav Hahn	Head of Supplier Development & Central Quality Management	no data	no data	no data
Joe Liu	Head of Independent Aftermarket	no data	no data	no data
Reinhard Muller	Head of The Plastic Housing Modules & Elastomer Technology Division	no data	no data	no data
Jurgen Weingartner	Head of Technical Service	no data	no data	no data

6.6yrs

Average Tenure

55yo

Average Age

Experienced Management: ZIL2's management team is seasoned and experienced (6.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Olcay Zeybek	Head of Accounting & Employee Representative Member of Supervisory Board	4.3yrs	€56.00k	no data
Manfred Straub	MD & Member of the Supervisory Board	28.8yrs	€66.00k	no data
Bernd Weckenmann	Employee Representative Member of Supervisory Board & VP of Procurement and Supply Chain Management	3.6yrs	€56.00k	no data
Heinz-Ludger Heuberg	Member of Supervisory Board	less than a year	no data	no data
Markus Siegers	Employee Representative Deputy Chairman of the Supervisory Board	18.6yrs	€115.00k	no data
Helmut Merch	Chairman of the Supervisory Board	4.3yrs	€76.00k	no data
Andreas Kraut	Member of Supervisory Board	7.5yrs	€56.00k	no data
Paula Maria de Monteiro-Munz	Employee Representative Member of the Supervisory Board	14.5yrs	€56.00k	no data
Gabriele Sons	Member of Supervisory Board	10.5yrs	€62.00k	no data
Barbara Resch	Employee Representative Member of Supervisory Board	4.3yrs	€55.00k	no data
Gerald Muller	Employee Representative Member of Supervisory Board	7.3yrs	€56.00k	no data
Ingeborg Guggolz	Member of Supervisory Board	2.5yrs	€56.00k	no data

5.8yrs

Average Tenure

56yo

Average Age

Experienced Board: ZIL2's board of directors are considered experienced (5.8 years average tenure).

ElringKlinger Management

Management criteria checks 3/4

Key information

Recent management updates

Elringklinger AG Appoints Thomas Jessulat as Chief Executive Officer, Effective October 1, 2023

ElringKlinger AG, Annual General Meeting, May 16, 2024

ElringKlinger AG, Annual General Meeting, May 16, 2022

Recent updates

Price target decreased by 9.0% to €5.84

Third quarter 2024 earnings released: €0.89 loss per share (vs €0.12 profit in 3Q 2023)

Price target decreased by 7.8% to €6.30

Second quarter 2024 earnings released: EPS: €0.15 (vs €0.04 in 2Q 2023)

Upcoming dividend of €0.15 per share

First quarter 2024 earnings released: EPS: €0.21 (vs €0.10 in 1Q 2023)

Price target increased by 8.2% to €7.90

Price target increased by 8.2% to €7.90

New minor risk - Share price stability

Full year 2023 earnings: EPS exceeds analyst expectations

Dividend of €0.15 announced

Investor sentiment improves as stock rises 19%

ElringKlinger AG to Report Fiscal Year 2023 Results on Mar 27, 2024

ElringKlinger AG to Report Q2, 2024 Results on Aug 07, 2024

Investor sentiment improves as stock rises 18%

Price target decreased by 8.2% to €7.47

New minor risk - Financial position

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 7.6% to €8.13

Elringklinger AG Appoints Thomas Jessulat as Chief Executive Officer, Effective October 1, 2023

New minor risk - Financial position

Second quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 7.7% to €10.85

ElringKlinger AG, Annual General Meeting, May 16, 2024

Full year 2022 earnings released: €1.41 loss per share (vs €0.88 profit in FY 2021)

Now 26% undervalued

Upcoming dividend of €0.15 per share at 1.6% yield

Price target increased by 12% to €10.50

Price target increased by 17% to €10.50

Price target increased by 11% to €10.00

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued

Price target decreased by 9.7% to €8.50

Now 21% undervalued

Third quarter 2022 earnings released: EPS: €0.05 (vs €0.14 in 3Q 2021)

Second quarter 2022 earnings released: €1.49 loss per share (vs €0.13 profit in 2Q 2021)

ElringKlinger AG Provides Earnings Guidance for the Full Year of 2022

Price target decreased to €9.42

Elringklinger AG Approves Dividend for the Financial Year 2022

ElringKlinger AG, Annual General Meeting, May 16, 2022

ElringKlinger AG to Report Q1, 2022 Results on May 05, 2022

Investor sentiment deteriorated over the past week

ElringKlinger AG to Report Fiscal Year 2021 Results on Mar 29, 2022

Now 23% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Now 23% undervalued after recent price drop

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS €0.14 (vs €0.054 in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.13 (vs €0.56 loss in 2Q 2020)

Price target increased to €14.12

First quarter 2021 earnings released: EPS €0.60 (vs €0.031 in 1Q 2020)

ElringKlinger AG Provides Financial Guidance for 2021

Full year 2020 earnings released: €0.64 loss per share (vs €0.064 profit in FY 2019)

Price target increased to €11.44

ElringKlinger Secures Major Contract for Supply of Battery Components

ElringKlinger AG to Report Fiscal Year 2020 Results on Mar 30, 2021

Price target raised to €10.35

New 90-day high: €16.18

Price target raised to €8.36

New 90-day high: €16.16

New 90-day high: €15.18

Keysight Technologies, Inc. and ElringKlinger AG Collaborate to Advance E-Mobility

Third quarter 2020 earnings released: EPS €0.054

Revenue and earnings miss expectations

ElringKlinger and VDL Conclude Fuel Cell Partnership

New 90-day high: €10.52

Price target raised to €5.49

Compagnie Plastic Omnium SA (ENXTPA:POM) signed an agreement to acquire ElringKlinger Fuelcell Systems Austria GmbH from ElringKlinger AG (XTRA:ZIL2) for €15 million.

Elringklinger Ag and Airbus Have Entered into an Agreement for A Long-Term Partnership Within the Area of Fuel Cell Technology

New 90-day high: €8.00

New 90-day high: €6.31

Earnings released