Eolus Vind Management

Management criteria checks 3/4

Eolus Vind's CEO is Per Witalisson, appointed in Aug 2012, has a tenure of 11.67 years. total yearly compensation is SEK4.15M, comprised of 67.7% salary and 32.3% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth €437.52K. The average tenure of the management team and the board of directors is 1.6 years and 7.3 years respectively.

Key information

Per Witalisson

Chief executive officer

kr4.2m

Total compensation

CEO salary percentage	67.7%
CEO tenure	11.7yrs
CEO ownership	0.3%
Management average tenure	1.6yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Per Witalisson's remuneration changed compared to Eolus Vind's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr4m	kr3m	kr573m
Sep 30 2023	n/a	n/a	kr544m
Jun 30 2023	n/a	n/a	kr438m
Mar 31 2023	n/a	n/a	kr118m
Dec 31 2022	kr3m	kr3m	-kr5m
Sep 30 2022	n/a	n/a	-kr52m
Jun 30 2022	n/a	n/a	-kr37m
Mar 31 2022	n/a	n/a	-kr140m
Dec 31 2021	kr4m	kr3m	-kr19m
Sep 30 2021	n/a	n/a	kr137m
Jun 30 2021	n/a	n/a	kr171m
Mar 31 2021	n/a	n/a	kr195m
Dec 31 2020	kr3m	kr3m	kr149m
Aug 31 2020	n/a	n/a	kr168m
May 31 2020	n/a	n/a	kr216m
Feb 29 2020	n/a	n/a	kr211m
Nov 30 2019	n/a	n/a	kr174m
Aug 31 2019	kr3m	kr2m	kr133m
May 31 2019	n/a	n/a	kr208m
Feb 28 2019	n/a	n/a	kr191m
Nov 30 2018	n/a	n/a	kr188m
Aug 31 2018	kr2m	kr2m	kr194m
May 31 2018	n/a	n/a	kr52m
Feb 28 2018	n/a	n/a	kr51m
Nov 30 2017	n/a	n/a	kr37m
Aug 31 2017	kr2m	kr2m	kr25m

Compensation vs Market: Per's total compensation ($USD379.45K) is below average for companies of similar size in the German market ($USD691.02K).

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

CEO

Per Witalisson (52 yo)

11.7yrs

Tenure

kr4,150,000

Compensation

Mr. Per Witalisson has been the Chief Executive Officer at Eolus Vind AB since August 21, 2012. Mr. Witalisson served as Deputy Chief Executive Officer until August 20, 2012. He holds Master of Business Ad...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Per Witalisson	Chief Executive Officer	11.7yrs	kr4.15m	0.29% SEK 437.5k
Magnus Axelsson	COO & Deputy CEO	1.6yrs	kr2.58m	0.0031% SEK 4.6k
Catharina Persson	Chief Financial Officer	11.3yrs	no data	0.031% SEK 46.3k
Karl Olsson	General Counsel	no data	no data	0.044% SEK 64.6k
Helene Sebren	Head of HR	1.6yrs	no data	0.0051% SEK 7.6k
Johan Hammarqvist	Head of Communications	no data	no data	no data
Thomas Andersson	Head of Constructions & Operations	no data	no data	no data
Karin Heydl	Head of Communication	2.1yrs	no data	0.010% SEK 15.3k
Inga Abolina	Head of Baltics	1.5yrs	no data	no data
Christer Baden Hansen	Chief Commercial Officer	1.2yrs	no data	0.049% SEK 72.0k

1.6yrs

Average Tenure

50yo

Average Age

Experienced Management: 7EVB's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Sigrun Hjelmquist	Independent Director	13.3yrs	kr240.00k	0.0040% SEK 6.0k
Jan Johansson	Independent Director	5.3yrs	kr240.00k	0.0080% SEK 11.9k
Hans Linnarson	Independent Director	7.3yrs	kr290.00k	0.010% SEK 14.9k
Hans-Goran Stennert	Chairman of the Board	16.3yrs	kr470.00k	3.96% SEK 5.9m
Marie Gronborg	Director	less than a year	kr230.00k	no data
Hans Johansson	Independent Director	8.3yrs	kr230.00k	0.92% SEK 1.4m
Bodil Jonsson	Independent Director	7.3yrs	kr270.00k	0.016% SEK 23.8k

7.3yrs

Average Tenure

64yo

Average Age

Experienced Board: 7EVB's board of directors are considered experienced (7.3 years average tenure).

Eolus Vind Management

Management criteria checks 3/4

Key information

Recent management updates

Eolus Vind AB (Publ) Announces Appointment of Election Committee

Eolus Vind AB (Publ) Announces Resignation of Michiel Messing, Head of Construction and Member of the Group Management

Chief Commercial Officer recently bought €35k worth of stock

Chief Commercial Officer recently bought €54k worth of stock

Eolus Appoints Christer Baden Hansen as Chief Commercial Officer and Member of the Group Management, Effective from on 1 February 2023

Insufficient new directors

Recent updates

Eolus Vind AB (publ) to Report Fiscal Year 2023 Final Results on Mar 26, 2024

Dividend of kr2.25 announced

Full year 2023 earnings released: EPS: kr23.01 (vs kr0.20 loss in FY 2022)

Eolus Vind AB (publ) Submits Application for the Najaderna Offshore Wind Project Outside Tierp

Eolus Vind AB (publ) (OM : EOLU B) acquired YIT Energy Oy from YIT Oyj (HLSE:YIT).

Eolus Vind AB (publ) (OM : EOLU B) agreed to acquire YIT Energy Oy for €25 million.

Third quarter 2023 earnings released: EPS: kr3.77 (vs kr0.44 loss in 3Q 2022)

Eolus Vind AB (Publ) Announces Appointment of Election Committee

Eolus Vind AB (Publ) Provides Earnings Guidance for the Third Quarter

Eolus Vind AB (Publ) Provides Earnings Guidance for the Third Quarter

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: kr16.98 (vs kr4.14 in 2Q 2022)

Eolus Vind AB (publ) to Report Fiscal Year 2024 Results on Feb 13, 2025

Eolus Vind AB (publ) to Report Q2, 2023 Results on Aug 25, 2023

Eolus Vind AB (publ) to Report Q2, 2023 Results on Aug 25, 2023

Eolus Vind AB (Publ) Announces Resignation of Michiel Messing, Head of Construction and Member of the Group Management

Chief Commercial Officer recently bought €35k worth of stock

Eolus Vind AB (publ) Approves Dividend for the Financial Year 2022, Payable on May 16, 2023

First quarter 2023 earnings released

Upcoming dividend of kr1.50 per share at 1.8% yield

Eolus Vind AB (publ) to Report Q1, 2023 Results on May 11, 2023

Chief Commercial Officer recently bought €54k worth of stock

Full year 2022 earnings released: kr0.20 loss per share (vs kr0.76 loss in FY 2021)

Eolus Vind AB (Publ) Proposes Dividend for the Year 2022

Eolus Vind AB (publ) to Report Fiscal Year 2022 Results on Feb 16, 2023

Eolus Receives Research Permits for Two Offshore Wind Projects in Finland

Eolus Appoints Christer Baden Hansen as Chief Commercial Officer and Member of the Group Management, Effective from on 1 February 2023

Insufficient new directors

Eolus Vind AB (Publ) Appoints Election Committee

Eolus Vind AB (publ) to Report Q3, 2022 Results on Nov 17, 2022

Eolus Appoints Inga Abolina as Head of Baltics

Second quarter 2022 earnings released

Eolus Announces Executive Changes, Effective September 1, 2022

Eolus Vind AB (publ) to Report Q2, 2022 Results on Aug 30, 2022

First quarter 2022 earnings released: kr5.54 loss per share (vs kr0.68 loss in 1Q 2021)

Eolus Vind AB (publ) Approves Dividend for the Financial Year 2021

Upcoming dividend of kr1.50 per share

Eolus Vind AB (publ) to Report Q1, 2022 Results on May 18, 2022

Insufficient new directors

MEAG MUNICH ERGO Asset Management GmbH signed an agreement to acquire a 75% stake in 260 MW wind power project Stor-Skälsjön in Sweden from Eolus Vind AB (publ) (OM:EOLU B) and Hydro REIN.

Eolus Vind AB (publ) Announces Composition of Nomination Committee

Full year 2021 earnings released: kr0.76 loss per share (vs kr5.96 profit in FY 2020)

Chairman of the Board recently bought €80k worth of stock

Eolus Vind AB Appoints Karin Wittsell Heydl as Head of Communication, Sustainability and IT

Eolus Vind AB (Publ) Appoints Magnus Axelsson as Coo, Effective from September 1St, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Eolus Vind AB (publ) Proposes Dividend for the Financial Year Ended December 31, 2021

Eolus Vind AB (publ) to Report Fiscal Year 2021 Results on Feb 18, 2022

Eolus Vind AB Announces Resignation of Marcus Landelin Leaves as COO

Insufficient new directors

Third quarter 2021 earnings released

Investor sentiment improved over the past week

Second quarter 2021 earnings released

Eolus Vind AB (publ) (OM:EOLU B) and Hydro REIN signed an agreement to acquire Stor-Skälsjön Project from ENERCON GmbH on June 25, 2021.

Eolus Vind AB (publ) (OM:EOLU B) signed an agreement to acquire Two Fully Permitted Wind Power Projects in Sweden from RWE.

Cubico Sustainable Investments acquired 46.5-MW wind park in California from Eolus Vind AB (publ) (OM:EOLU B).

First quarter 2021 earnings released: kr0.67 loss per share (vs kr3.04 profit in 1Q 2020)

Eolus Vind AB (publ) Declares Dividend for the Prolonged Financial Year 2019/2020

Eolus Vind AB (Publ) Proposes Dividend

Upcoming dividend of kr2.00 per share

Chief Executive Officer recently bought €15k worth of stock

New 90-day low: €18.45

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Eolus signs PPA with a major global energy company for three wind farms in Sweden

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: €21.02

Market bids up stock over the past week