Saras Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Massimo Moratti

Chief executive officer

€138.0m

Total compensation

CEO salary percentage	1.1%
CEO tenure	1.2yrs
CEO ownership	n/a
Management average tenure	5.3yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Massimo Moratti's remuneration changed compared to Saras's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€138m	€2m	€314m
Sep 30 2023	n/a	n/a	€343m
Jun 30 2023	n/a	n/a	€247m
Mar 31 2023	n/a	n/a	€479m
Dec 31 2022	€2m	n/a	€417m
Sep 30 2022	n/a	n/a	€391m
Jun 30 2022	n/a	n/a	€301m
Mar 31 2022	n/a	n/a	€110m
Dec 31 2021	€45k	n/a	€9m
Sep 30 2021	n/a	n/a	-€136m
Jun 30 2021	n/a	n/a	-€94m
Mar 31 2021	n/a	n/a	-€186m
Dec 31 2020	€2m	n/a	-€276m
Sep 30 2020	n/a	n/a	-€215m
Jun 30 2020	n/a	n/a	-€178m
Mar 31 2020	n/a	n/a	-€83m
Dec 31 2019	€2m	n/a	€26m

Compensation vs Market: Massimo's total compensation ($USD149.61M) is above average for companies of similar size in the German market ($USD1.49M).

Compensation vs Earnings: Massimo's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Massimo Moratti (78 yo)

1.2yrs

Tenure

€138,045,000

Compensation

Mr. Massimo Moratti serves as the Chairman at Saras S.p.A., since May 03, 2018 and serves as its Chief Executive Officer since March 2023 and served as its Managing Director since April 28, 2009 until 2018...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Massimo Moratti	CEO & Chairman	1.2yrs	€138.05m	no data
Angelo Moratti	Founder & Director	no data	€45.00k	no data
Franco Balsamo	Deputy CEO	8.6yrs	€93.06m	no data
Simona Berri	General Counsel & Head of Corporate Affairs	7.7yrs	€93.75k	no data
Patrizia Radice	Chief Human Resources Officer	5.3yrs	€45.00k	0.0036% € 55.7k
Marco Schiavetti	Chief Commercial Officer	5.3yrs	no data	no data
Giordano Serafini	Chief Oil Supply Chain Officer	5.3yrs	no data	no data

5.3yrs

Average Tenure

58yo

Average Age

Experienced Management: S7A's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Massimo Moratti	CEO & Chairman	52.3yrs	€138.05m	no data
Angelo Moratti	Founder & Director	31.3yrs	€45.00k	no data
Franco Balsamo	Deputy CEO	less than a year	€93.06m	no data
Angelo Mario Moratti	Director	19.3yrs	€249.91k	no data
Giovanni Mancini	Independent Director	2.3yrs	€45.00k	no data
Gabriele Moratti	Director	14.3yrs	€135.72k	no data
Laura Fidanza	Independent Director	9.3yrs	€45.00k	no data
Adriana Cerretelli	Lead Independent Director	9.3yrs	€45.00k	no data
Giovanni Moratti	Director	6.9yrs	€125.54k	no data
Francesca Luchi	Independent Director	6.1yrs	€45.00k	no data
Valentina Canalini	Independent Director	no data	€45.00k	no data
Roberto Cassader	Chairman of Statutory Auditors	less than a year	no data	no data

9.3yrs

Average Tenure

50yo

Average Age

Experienced Board: S7A's board of directors are considered experienced (9.3 years average tenure).

Saras Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Insufficient new directors

Recent updates

Upcoming dividend of €0.15 per share

Dividend reduced to €0.15

Full year 2023 earnings released: EPS: €0.33 (vs €0.44 in FY 2022)

Investor sentiment improves as stock rises 19%

Now 25% undervalued

Now 26% undervalued after recent price drop

Second quarter 2023 earnings released: €0.018 loss per share (vs €0.23 profit in 2Q 2022)

First quarter 2023 earnings released: EPS: €0.15 (vs €0.081 in 1Q 2022)

Saras S.p.A. to Report Q1, 2023 Results on May 10, 2023

Investor sentiment improved over the past week

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: €0.058 (vs €0.039 loss in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: €0.23 (vs €0.025 in 2Q 2021)

Investor sentiment deteriorated over the past week

Now 22% undervalued

Investor sentiment improved over the past week

Now 20% undervalued

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Now 24% undervalued

First quarter 2022 earnings released: EPS: €0.081 (vs €0.025 loss in 1Q 2021)

Insufficient new directors

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

Third quarter 2021 earnings released: €0.039 loss per share (vs €0.007 profit in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.025 (vs €0.072 loss in 2Q 2020)

First quarter 2021 earnings released: €0.025 loss per share (vs €0.12 loss in 1Q 2020)

Saras S.p.A. (BIT:SRS) acquired Carbon Neutrally Produced Oil of Lundin Energy AB.

Full year 2020 earnings released: €0.29 loss per share (vs €0.028 profit in FY 2019)

New 90-day high: €0.71

New 90-day high: €0.64

New 90-day low: €0.39

Revenue beats expectations

New 90-day low - €0.55

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age