VERBUND Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Michael Strugl

Chief executive officer

€1.6m

Total compensation

CEO salary percentage	47.6%
CEO tenure	5.8yrs
CEO ownership	n/a
Management average tenure	5.8yrs
Board average tenure	6.1yrs

Recent management updates

No updates

Recent updates

CEO Compensation Analysis

How has Michael Strugl's remuneration changed compared to VERBUND's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€2b
Jun 30 2024	n/a	n/a	€2b
Mar 31 2024	n/a	n/a	€2b
Dec 31 2023	€2m	€750k	€2b
Sep 30 2023	n/a	n/a	€3b
Jun 30 2023	n/a	n/a	€2b
Mar 31 2023	n/a	n/a	€2b
Dec 31 2022	€2m	€750k	€2b
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€1b
Mar 31 2022	n/a	n/a	€1b
Dec 31 2021	€1m	€750k	€874m
Sep 30 2021	n/a	n/a	€741m
Jun 30 2021	n/a	n/a	€646m
Mar 31 2021	n/a	n/a	€620m
Dec 31 2020	€1m	€685k	€631m
Sep 30 2020	n/a	n/a	€582m
Jun 30 2020	n/a	n/a	€527m
Mar 31 2020	n/a	n/a	€533m
Dec 31 2019	€685k	€685k	€555m

Compensation vs Market: Michael's total compensation ($USD1.67M) is below average for companies of similar size in the German market ($USD4.83M).

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

CEO

Michael Strugl (61 yo)

5.8yrs

Tenure

€1,576,750

Compensation

Dr. Michael Strugl has been Chief Executive Officer and Chairman of Executive Board at VERBUND AG since January 1, 2021. Dr. Strugl was the Vice Chairman of the Board at Verbund Ag from January 1, 2019 unt...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Strugl	CEO & Chairman of Executive Board	5.8yrs	€1.58m	no data
Peter Kollmann	CFO & Vice Chairman of the Executive Board	10.8yrs	€1.33m	no data
Achim Kaspar	Member of Executive Board	5.8yrs	€1.02m	no data
Susanna Zapreva-Hennerbichler	Chief Renewables Officer & Member of Executive Board	less than a year	no data	no data
Andreas Wollein	Head of Group Finance & Investor Relations	no data	no data	no data

5.8yrs

Average Tenure

60yo

Average Age

Experienced Management: OEWA's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edith Hlawati	First Deputy Chairwoman of the Supervisory Board	2.6yrs	no data	no data
Kurt Christof	Employee Representative Member of Supervisory Board	20.7yrs	€4.00k	no data
Martin Ohneberg	Independent Chairman of the Supervisory Board	5.6yrs	€22.50k	no data
Stefan Szyszkowitz	Member of Supervisory Board	6.6yrs	€12.50k	no data
Eva Eberhartinger	Second Deputy Chair of Supervisory Board	less than a year	no data	no data
Wolfgang Liebscher	Employee Representative Member of Supervisory Board	11yrs	€3.50k	no data
Jürgen Roth	Independent Member of Supervisory Board	9.6yrs	€20.17k	no data
Peter Weinelt	Member of Supervisory Board	7.6yrs	€12.50k	no data
Isabella Hönlinger	Employee Representative Member of Supervisory Board	8.2yrs	€2.50k	no data
Veronika Neugeboren	Employee Representative Member of Supervisory Board	5.6yrs	€2.00k	no data
Eckhardt Rummler	Supervisory Board Member	4.4yrs	no data	no data
Christa Schlager	Member of Supervisory Board	4.4yrs	no data	no data

6.1yrs

Average Tenure

57.5yo

Average Age

Experienced Board: OEWA's board of directors are considered experienced (6.1 years average tenure).

VERBUND Management

Management criteria checks 4/4

Key information

Recent management updates

Recent updates

Third quarter 2024 earnings released: EPS: €1.37 (vs €2.00 in 3Q 2023)

VERBUND AG to Report Q1, 2025 Results on May 14, 2025

VERBUND AG to Report Fiscal Year 2024 Results on Mar 20, 2025

VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH.

Second quarter 2024 earnings released: EPS: €1.16 (vs €2.18 in 2Q 2023)

First quarter 2024 earnings released: EPS: €1.46 (vs €1.52 in 1Q 2023)

Full year 2023 earnings released

Dividend of €4.15 announced

Now 20% undervalued after recent price drop

New major risk - Revenue and earnings growth

VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX).

VERBUND AG to Report Fiscal Year 2023 Results on Mar 14, 2024

VERBUND AG to Report Fiscal Year 2023 Results on Mar 14, 2024

Second quarter 2023 earnings released: EPS: €2.18 (vs €0.87 in 2Q 2022)

VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L.

New major risk - Revenue and earnings growth

Upcoming dividend of €3.60 per share at 3.0% yield

Verbund AG signed a cooperation agreement to acquire 250 MWp Solar PV Project from PV - Invest GmbH.

Third quarter 2022 earnings released: EPS: €0.71 (vs €0.76 in 3Q 2021)

VERBUND AG to Report First Half, 2023 Results on Jul 27, 2023

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: €0.87 (vs €0.52 in 2Q 2021)

Verbund Ag Proposes Special Dividend

First quarter 2022 earnings released: EPS: €1.48 (vs €0.42 in 1Q 2021)

VERBUND AG Proposes Special Dividend for Financial Year 2022

Investor sentiment deteriorated over the past week

VERBUND AG (WBAG:VER) agreed to acquire 100% stake in 82 MWp of operating solar parks in Spain from Funds managed by Q-Energy Private Equity, S.G.E.I.C., S.A.

Upcoming dividend of €1.05 per share

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS €0.76 (vs €0.48 in 3Q 2020)

VERBUND AG (WBAG:VER) agreed to acquire additional 40% stake in SMATRICS GmbH & Co KG from OMV Aktiengesellschaft (WBAG:OMV).

Second quarter 2021 earnings released: EPS €0.52 (vs €0.44 in 2Q 2020)

Verbund, Italy's ERG Reportedly Vie for Spanish Solar Assets

Chairman of Supervisory Board Thomas Schmid has left the company

VERBUND AG (WBAG:VER) completed the acquisition of 51% stake in Gas Connect Austria GmbH from OMV Aktiengesellschaft (WBAG:OMV).

First quarter 2021 earnings released: EPS €0.42 (vs €0.45 in 1Q 2020)

Upcoming dividend of €0.75 per share

Full year 2020 earnings released: EPS €1.82 (vs €1.60 in FY 2019)

VERBUND AG Proposes Dividend for Financial Year 2020

New 90-day high: €81.45

New 90-day high: €78.95

New 90-day high: €71.35

New 90-day high: €60.50

New 90-day high: €55.10

Third quarter 2020 earnings released: EPS €0.48

New 90-day high: €52.75

VERBUND AG to Report Q3, 2021 Results on Nov 04, 2021

VERBUND AG (WBAG:VER) made a binding offer to acquire 51% stake in Gas Connect Austria GmbH from OMV Aktiengesellschaft (WBAG:OMV) for approximately €440 million.

Verbund Reportedly to Decide for Submitting Binding Offer to OMV

New 90-day high: €46.88

New 90-day high - €45.26

New 90-day high - €44.48

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age