AS Harju Elekter Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Tiit Atso

Chief executive officer

€159.0k

Total compensation

CEO salary percentage	94.3%
CEO tenure	8yrs
CEO ownership	0.2%
Management average tenure	2.8yrs
Board average tenure	10.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tiit Atso's remuneration changed compared to AS Harju Elekter's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€6m
Jun 30 2024	n/a	n/a	€7m
Mar 31 2024	n/a	n/a	€5m
Dec 31 2023	€159k	€150k	€5m
Sep 30 2023	n/a	n/a	€3m
Jun 30 2023	n/a	n/a	€736k
Mar 31 2023	n/a	n/a	-€3m
Dec 31 2022	€174k	€142k	-€6m

Compensation vs Market: Tiit's total compensation ($USD166.88K) is below average for companies of similar size in the German market ($USD471.55K).

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

CEO

Tiit Atso (46 yo)

8yrs

Tenure

€159,000

Compensation

Mr. Tiit Atso serves as Director of Harju Elekter Oy. He has been the Chairman of Management Board and Chief Executive Officer of AS Harju Elekter since May 4, 2020 and its Member of Management Board since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tiit Atso	CEO & Chairman of Management Board	8yrs	€159.00k	0.16% € 135.6k
Priit Treial	CFO & Member of the Management Board	2yrs	€120.00k	0.0022% € 1.8k
Aron Kuhi-Thalfeldt	Chief of Real Estate & Member of Management Board	8yrs	€114.00k	0.14% € 117.3k
Erko Lepa	Chief Operating Officer	2.8yrs	no data	no data
Tiit Luman	Chief Commercial Officer	no data	no data	no data
Kaia-Kristiina Kirikal	Corporate Sustainability & Quality Manager	2.8yrs	no data	no data
Martin Frank	Managing Director at Harju Elekter AB	1.1yrs	no data	no data
Jari Jylli	Managing Director at Harju Elekter Oy	no data	no data	no data
Joonas Puustelli	Managing Director at Telesilta Oy	no data	no data	no data
Tomas Prusas	Managing Director at Harju Elekter UAB	no data	no data	no data
Alvar Sass	Managing Director	no data	no data	no data

2.8yrs

Average Tenure

Experienced Management: HD8's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Triinu Tombak	Independent Chairman of the Supervisory Board	12.8yrs	€30.00k	0.16% € 137.8k
Andres Toome	Member of Supervisory Board	17.8yrs	€24.00k	0.27% € 229.8k
Aare Kirsme	Member of Supervisory Board	10.5yrs	€24.00k	1.27% € 1.1m
Arvi Hamburg	Independent Member of Supervisory Board	no data	€24.00k	0.14% € 117.2k
Mart Luuk	Supervisory Board Member	2.5yrs	€24.00k	0.44% € 369.9k
Risto Vahimets	Supervisory Board Member	2.5yrs	€24.00k	no data

10.5yrs

Average Tenure

52yo

Average Age

Experienced Board: HD8's board of directors are seasoned and experienced ( 10.5 years average tenure).

AS Harju Elekter Management

Management criteria checks 4/4

Key information

Recent management updates

AS Harju Elekter, Annual General Meeting, Apr 26, 2024

AS Harju Elekter Decides to Move Martin Frank to the Managing Director Position, Starting from 2 October 2023

AS Harju Elekter Announces Change in the Management Board

AS Harju Elekter Announces Management Changes, Effective 28 February 2023

AS Harju Elekter Appoints Mr. Priit Treial, as Chief Financial Officer, Effective November 14, 2022

AS Harju Elekter Elects Priit Treial as Chief Financial Officer, Effective 14 November 2022

Recent updates

Third quarter 2024 earnings released: EPS: €0.089 (vs €0.18 in 3Q 2023)

Second quarter 2024 earnings released: EPS: €0.19 (vs €0.054 in 2Q 2023)

Investor sentiment improves as stock rises 15%

Upcoming dividend of €0.13 per share

AS Harju Elekter Approves Dividend for the Year 2023, Payable on 28 May 2024

Dividend increased to €0.13

AS Harju Elekter Proposes Dividend, to Be Paid on 28 May 2024

Full year 2023 earnings released: EPS: €0.28 (vs €0.31 loss in FY 2022)

Full year 2023 earnings released: EPS: €0.28 (vs €0.31 loss in FY 2022)

Harju Elekter Group Proposes Dividend for 2023

New minor risk - Market cap size

AS Harju Elekter, Annual General Meeting, Apr 26, 2024

Third quarter 2023 earnings released: EPS: €0.18 (vs €0.082 in 3Q 2022)

AS Harju Elekter (TLSE:HAE1T) acquired remaining 19.48% stake in Energo Veritas OÜ from Reinvent OÜ.

AS Harju Elekter Decides to Move Martin Frank to the Managing Director Position, Starting from 2 October 2023

New major risk - Financial position

Second quarter 2023 earnings released: EPS: €0.05 (vs €0.18 loss in 2Q 2022)

AS Harju Elekter Announces Change in the Management Board

Upcoming dividend of €0.05 per share at 1.0% yield

First quarter 2023 earnings released: EPS: €0.04 (vs €0.073 loss in 1Q 2022)

Full year 2022 earnings released: €0.31 loss per share (vs €0.15 profit in FY 2021)

AS Harju Elekter Announces Management Changes, Effective 28 February 2023

AS Harju Elekter to Report Q3, 2023 Results on Oct 25, 2023

Third quarter 2022 earnings released: EPS: €0.08 (vs €0.051 in 3Q 2021)

AS Harju Elekter Appoints Mr. Priit Treial, as Chief Financial Officer, Effective November 14, 2022

AS Harju Elekter Elects Priit Treial as Chief Financial Officer, Effective 14 November 2022

AS Harju Elekter Announces Board Appointments

AS Harju Elekter Announces Restructuring of Subsidiary

Upcoming dividend of €0.14 per share

The Supervisory Board of AS Harju Elekter Elects Triinu Tombak as the New Chairman of the Supervisory Board

First quarter 2022 earnings released: €0.07 loss per share (vs €0.017 profit in 1Q 2021)

Kristaps Bleija signed an agreement to acquire a 14% stake in Energokomplekss SIA from AS Harju Elekter (TLSE:HAE1T).

AS Harju Elekter Announces Resignation of Andres Allikmäe as Member of the Management Board

Full year 2021 earnings released: EPS: €0.15 (vs €0.31 in FY 2020)

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

AS Harju Elekter Propose to Pay Dividends

Third quarter 2021 earnings released: EPS €0.05 (vs €0.095 in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.03 (vs €0.11 in 2Q 2020)

Upcoming dividend of €0.16 per share

AS Harju Elekter Approves Final Dividend, Payable on 25 May 2021

First quarter 2021 earnings released: EPS €0.02 (vs €0.041 in 1Q 2020)

Full year 2020 earnings released: EPS €0.31 (vs €0.14 in FY 2019)

Revenue beats expectations

Full year 2020 earnings released: EPS €0.31 (vs €0.14 in FY 2019)

Investor sentiment improved over the past week

New 90-day high: €5.60

New 90-day high: €5.12

AS Harju Elekter to Report Q3, 2020 Results on Oct 27, 2021

New 90-day high: €4.88

New 90-day high: €4.71

Third quarter earnings released

New 90-day high: €4.51

Harju Elekter Group Concluds an Agreement with Elenia Oy

New 90-day high - €4.49

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age