Eastnine Management

Management criteria checks 3/4

Eastnine's CEO is Kestutis Sasnauskas, appointed in Jul 2017, has a tenure of 7.25 years. total yearly compensation is €546.00K, comprised of 43.2% salary and 56.8% bonuses, including company stock and options. directly owns 4.5% of the company’s shares, worth €16.65M. The average tenure of the management team and the board of directors is 6.3 years and 4.4 years respectively.

Key information

Kestutis Sasnauskas

Chief executive officer

€546.0k

Total compensation

CEO salary percentage	43.2%
CEO tenure	7.3yrs
CEO ownership	4.5%
Management average tenure	6.3yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kestutis Sasnauskas's remuneration changed compared to Eastnine's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-€20m
Mar 31 2024	n/a	n/a	-€55m
Dec 31 2023	€546k	€236k	-€72m
Sep 30 2023	n/a	n/a	-€72m
Jun 30 2023	n/a	n/a	€19m
Mar 31 2023	n/a	n/a	€130m
Dec 31 2022	€504k	€247k	€109m
Sep 30 2022	n/a	n/a	€156m
Jun 30 2022	n/a	n/a	€104m
Mar 31 2022	n/a	n/a	€33m
Dec 31 2021	€515k	€246k	€72m
Sep 30 2021	n/a	n/a	€63m
Jun 30 2021	n/a	n/a	€60m
Mar 31 2021	n/a	n/a	€64m
Dec 31 2020	€475k	€238k	€36m
Sep 30 2020	n/a	n/a	€18m
Jun 30 2020	n/a	n/a	€12m
Mar 31 2020	n/a	n/a	€8m
Dec 31 2019	€431k	€225k	€35m
Sep 30 2019	n/a	n/a	€27m
Jun 30 2019	n/a	n/a	€25m
Mar 31 2019	n/a	n/a	€20m
Dec 31 2018	€390k	€233k	€16m
Sep 30 2018	n/a	n/a	€21m
Jun 30 2018	n/a	n/a	€21m
Mar 31 2018	n/a	n/a	€15m
Dec 31 2017	€398k	€260k	€17m

Compensation vs Market: Kestutis's total compensation ($USD599.28K) is below average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Kestutis's compensation has increased whilst the company is unprofitable.

CEO

Kestutis Sasnauskas (51 yo)

7.3yrs

Tenure

€546,000

Compensation

Mr. Kestutis Sasnauskas has been Chief Executive Officer of Eastnine AB (publ) since July 3, 2017. Mr. Sasnauskas was a Co-Founder and Partner at East Capital Private Equity AB and has been its Chief Inves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kestutis Sasnauskas	Chief Executive Officer	7.3yrs	€546.00k	4.5% € 16.6m
Britt-Marie Nyman	CFO & Deputy CEO	5.4yrs	€292.00k	0.12% € 448.8k
Emil Holmström	Head of Investments	no data	no data	no data
Gerry Sommensjö	Head of Accounting	5.8yrs	no data	no data
Lilia Kouzmina	Head of Sustainability	5.9yrs	no data	no data
Farzad Bahador	Head of Group Controlling	10.8yrs	no data	no data
Eric Strandberg Stadler	Structuring & Treasury Manager	6.8yrs	no data	no data

6.3yrs

Average Tenure

51yo

Average Age

Experienced Management: O060's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Liselotte Hjorth	Independent Chairman	10.2yrs	€70.00k	0.063% € 233.0k
Christian Hermelin	Independent Director	4.4yrs	€35.00k	0.085% € 313.4k
Hanna-Leena Loikkanen	Independent Non-Executive Director	1.4yrs	€23.00k	no data
Ylva Westman	Independent Director	4.4yrs	€35.00k	0.012% € 43.9k
Peter Hakansson	Independent Director	no data	no data	no data
Louise Richnau	Independent Director	less than a year	no data	no data

4.4yrs

Average Tenure

59yo

Average Age

Experienced Board: O060's board of directors are considered experienced (4.4 years average tenure).

Eastnine Management

Management criteria checks 3/4

Key information

Recent management updates

Eastnine AB (Publ) Announces Composition of Nomination Committee

Eastnine AB (Publ) Announces Board Changes

Chief Executive Officer recently bought €429k worth of stock

Insider recently bought €290k worth of stock

Eastnine AB (publ), Annual General Meeting, Apr 25, 2024

Insider recently bought €69k worth of stock

Recent updates

Eastnine AB (Publ) Announces Composition of Nomination Committee

Dividend of kr0.29 announced

Upcoming dividend of kr0.29 per share

Second quarter 2024 earnings released: EPS: €0.004 (vs €0.39 loss in 2Q 2023)

Eastnine AB (publ) (OM:EAST) acquired Nowy Rynek E from Skanska AB (publ) (OM:SKA B) for €79.3 million.

Dividend of kr1.16 announced

Eastnine AB (Publ) Approves Dividend, Payable on 3 May 2024, 30 August 2024, 15 November 2024 and 24 January 2025

First quarter 2024 earnings released: EPS: €0.23 (vs €0.53 loss in 1Q 2023)

Upcoming dividend of kr1.16 per share

Fourth quarter dividend of kr1.16 announced

Eastnine AB (publ) Proposes Dividend, Payable on 3 May 2024, 30 August 2024, 15 November 2024 and 24 January 2025

Eastnine AB (Publ) Announces Board Changes

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

Full year 2023 earnings released: €3.24 loss per share (vs €4.89 profit in FY 2022)

Upcoming dividend of kr0.85 per share at 1.9% yield

Eastnine AB (publ) to Report Fiscal Year 2024 Results on Feb 05, 2025

Chief Executive Officer recently bought €429k worth of stock

Insider recently bought €290k worth of stock

Upcoming dividend of kr0.85 per share at 2.1% yield

Third quarter 2023 earnings released: €1.15 loss per share (vs €2.95 profit in 3Q 2022)

Eastnine AB (publ), Annual General Meeting, Apr 25, 2024

Insider recently bought €69k worth of stock

Insider recently bought €51k worth of stock

Upcoming dividend of kr0.85 per share at 2.4% yield

New minor risk - Share price stability

LLC GEM Invest completed the acquisition of unknown minority stake in Public Joint Stock Company Melon Fashion Group from Eastnine AB (publ) (OM:EAST) and other shareholders.

Investor sentiment improves as stock rises 15%

LLC GEM Invest entered into an agreement to acquire unknown minority stake in Public Joint Stock Company Melon Fashion Group from Eastnine AB (publ) (OM:EAST) and other shareholders.

New minor risk - Profit margin trend

Second quarter 2023 earnings released: €1.57 loss per share (vs €3.45 profit in 2Q 2022)

First quarter 2023 earnings released: €0.53 loss per share (vs €1.50 loss in 1Q 2022)

Eastnine AB (Publ) Approves Dividend, Payable on 10 May 2023, 25 August 2023, 17 November 2023 and 26 January 2024

Upcoming dividend of kr0.85 per share at 3.5% yield

Eastnine AB (publ) to Report Fiscal Year 2022 Results on Mar 29, 2023

Full year 2022 earnings released: EPS: €4.89 (vs €3.27 in FY 2021)

Eastnine AB (Publ) Proposes Dividend

Upcoming dividend of kr0.75 per share

Eastnine AB (publ) to Report Q1, 2023 Results on May 03, 2023

Upcoming dividend of kr0.75 per share

Investor sentiment improved over the past week

Sistema Public Joint Stock Financial Corporation (MISX:AFKS) entered into an agreement to acquire 36% stake in Public Joint Stock Company Melon Fashion Group from Eastnine AB (publ) (OM:EAST) for approximately €193 million .

Eastnine AB (publ) Announces Nomination Committee

Upcoming dividend of kr0.75 per share

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: €3.45 (vs €0.28 in 2Q 2021)

Director recently bought €104k worth of stock

Eastnine AB (publ) (OM:EAST) acquired office property in Poznan from Skanska AB (publ) (OM:SKA B) for 120.6 million,

First quarter 2022 earnings released: €1.50 loss per share (vs €0.26 profit in 1Q 2021)

Eastnine AB (publ) Announces Dividend, Payable on 3 May 2022, 19 August 2022, 18 November 2022 and 27 January 2023 Respectively

Full year 2021 earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age