SPIE Management

Management criteria checks 4/4

SPIE's CEO is Gauthier Louette, appointed in Jan 2003, has a tenure of 21.25 years. total yearly compensation is €2.67M, comprised of 31.2% salary and 68.8% bonuses, including company stock and options. directly owns 1.8% of the company’s shares, worth €102.90M. The average tenure of the management team and the board of directors is 8.3 years and 3.4 years respectively.

Key information

Gauthier Louette

Chief executive officer

€2.7m

Total compensation

CEO salary percentage	31.2%
CEO tenure	21.3yrs
CEO ownership	1.8%
Management average tenure	8.3yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gauthier Louette's remuneration changed compared to SPIE's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€239m
Sep 30 2023	n/a	n/a	€195m
Jun 30 2023	n/a	n/a	€152m
Mar 31 2023	n/a	n/a	€152m
Dec 31 2022	€3m	€833k	€152m
Sep 30 2022	n/a	n/a	€168m
Jun 30 2022	n/a	n/a	€185m
Mar 31 2022	n/a	n/a	€177m
Dec 31 2021	€3m	€800k	€169m
Sep 30 2021	n/a	n/a	€161m
Jun 30 2021	n/a	n/a	€152m
Mar 31 2021	n/a	n/a	€103m
Dec 31 2020	€2m	€800k	€53m
Sep 30 2020	n/a	n/a	€61m
Jun 30 2020	n/a	n/a	€68m
Mar 31 2020	n/a	n/a	€114m
Dec 31 2019	€2m	€775k	€159m
Sep 30 2019	n/a	n/a	€176m
Jun 30 2019	n/a	n/a	€192m
Mar 31 2019	n/a	n/a	€177m
Dec 31 2018	€1m	€775k	€162m
Sep 30 2018	n/a	n/a	€124m
Jun 30 2018	n/a	n/a	€87m
Mar 31 2018	n/a	n/a	€100m
Dec 31 2017	€2m	€740k	€114m

Compensation vs Market: Gauthier's total compensation ($USD2.87M) is about average for companies of similar size in the UK market ($USD3.41M).

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

CEO

Gauthier Louette (59 yo)

21.3yrs

Tenure

€2,672,205

Compensation

Mr. Gauthier Louette has been the Chairman of the Board and Chief Executive Officer of SPIE SAS at SPIE Matthew Hall Limited since January 01, 2010 and 2003 respectively. He serves as the Chairman of the B...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gauthier Louette	Chairman of the Board of Directors & CEO	21.3yrs	€2.67m	1.8% € 102.9m
Jérôme Vanhove	Group Chief Financial Officer	no data	no data	no data
Pascal Colbatzky	Legal & Insurance Director	no data	no data	no data
Pascal Omnès	Head of Communications	no data	no data	no data
Elisabeth Rasmussen	Group Human Resources Director	6.5yrs	no data	no data
Arnaud Tirmarche	Chief Executive Officer of SPIE France	no data	no data	no data
Markus Holzke	Chief Executive Officer of Deutschland & Zentraleuropa	10yrs	no data	no data
Lieve C. Declercq	Chief Executive Officer of SPIE Nederland	no data	no data	no data
Pierre Savoy	Chief Executive Officer of SPIE Schweiz AG	no data	no data	no data
Hein Dirix	Chief Executive Officer of SPIE Belgium	4.9yrs	no data	no data
Christophe Bernhart	Chief Executive Officer of SPIE Oil & Gas Services	no data	no data	no data

8.3yrs

Average Tenure

57yo

Average Age

Experienced Management: 0R8M's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gauthier Louette	Chairman of the Board of Directors & CEO	12.7yrs	€2.67m	1.8% € 102.9m
Bertrand Finet	Independent Director	10.9yrs	€60.00k	no data
Regine Stachelhaus	Independent Director	9.8yrs	€70.00k	0.00090% € 51.4k
Christopher Delbrück	Independent Director	no data	€15.32k	0.00090% € 51.4k
Patrick Raymond Jeantet	Senior Independent Director	2.9yrs	€71.52k	0.00090% € 51.4k
Adeline Lemaire	Independent Director	no data	€19.89k	no data
Geertrui Schoolenberg	Independent Director	2.4yrs	€29.72k	0.00090% € 51.4k
Gabrielle van Klaveren-Hessel	Employee Representative Director	8.8yrs	no data	no data
Sandrine Téran	Independent Director	3.1yrs	€55.65k	0.00090% € 51.4k
Michael Kessler	Group Employee Representative Director	3.4yrs	no data	0.00066% € 37.7k
Jerome Nier	Employee Representative Director	3.3yrs	no data	no data

3.4yrs

Average Tenure

58yo

Average Age

Experienced Board: 0R8M's board of directors are considered experienced (3.4 years average tenure).

SPIE Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new directors

SPIE SA, Annual General Meeting, May 10, 2023

High number of new directors

High number of new directors

Recent updates

SPIE SA Provides Dividend Guidance for the Year 2024

SPIE SA (ENXTPA:SPIE) completed the acquisition of approximately 92% stake in ICG Group from H.I.G. Europe Realty Partners.

SPIE SA (ENXTPA:SPIE) completed the acquisition of approximately 92% stake in ICG Group from H.I.G. Europe Realty Partners.

New minor risk - Earnings quality

Final dividend increased to €0.61

SPIE SA (ENXTPA:SPIE) completed the acquisition of ROBUR Industry Service Group GmbH from InterAlpen Partners, LLC and GREENPEAK Partners Advisory GmbH.

SPIE SA (ENXTPA:SPIE) signed a definitive agreement to acquire Infratech/comcross Holding GmbH from H.I.G. Europe Realty Partners.

Full year 2023 earnings released

SPIE SA Recommends Dividend for the Fiscal Year 2023, Payable on May 16, 2024

New minor risk - Shareholder dilution

SPIE SA (ENXTPA:SPIE) agreed to acquire 99% stake in ROBUR Industry Service Group GmbH.

SPIE SA (ENXTPA:SPIE) agreed to acquire 99% stake in ROBUR Industry Service Group GmbH.

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire Grid Solutions Activities of Strukton Systems B.V.

SPIE SA to Report First Half, 2024 Results on Jul 26, 2024

SPIE SA (ENXTPA:SPIE) acquired a 85% stake in Reseaux Environnement from Philippe Durand and others.

Upcoming dividend of €0.22 per share at 2.8% yield

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire 75.1% stake in Bridgingit Gmbh.

First half 2023 earnings released

Now 21% undervalued

SPIE Enters Into Exclusive Negotiations For Acquisition Of AVM Up

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire Enterprise Communications & Services Gmbh.

Now 20% undervalued

Upcoming dividend of €0.55 per share at 2.5% yield

Now 20% undervalued

Full year 2022 earnings released: EPS: €0.93 (vs €1.06 in FY 2021)

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire General Property Sp. z o.o.

Imtech UK & Ireland completed the acquisition of SPIE UK Limited from SPIE SA (ENXTPA:SPIE).

High number of new directors

SPIE SA, Annual General Meeting, May 10, 2023

SPIE SA to Report Q3, 2023 Results on Nov 03, 2023

Imtech UK & Ireland entered into an agreement to acquire SPIE UK Limited for GBP 43 million.

Upcoming dividend of €0.18 per share

First half 2022 earnings released

Upcoming dividend of €0.47 per share

High number of new directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

LAC 1 SLP acquired 5% stake in SPIE SA (ENXTPA:SPIE).

SPIE SA (ENXTPA:SPIE) signs an agreement to acquire Nexotech S A.

High number of new directors

SPIE SA (ENXTPA:SPIE) entered into an agreement to acquire Dürr Aktiengesellschaft (XTRA:DUE).

First half 2021 earnings released: EPS €0.36 (vs €0.26 loss in 1H 2020)

SPIE SA (ENXTPA:SPIE) entered into an agreement to acquire Wiegel GebAudetechnik GmbH.

Upcoming dividend of €0.44 per share

SPIE SA Proposes Cash Dividend for 2020

Full year 2020 earnings released: EPS €0.34 (vs €1.02 in FY 2019)

Revenue misses expectations

New 90-day high: €19.62

SPIE SA (ENXTPA:SPIE) acquired ENERGOTEST sp. z o. o.

New 90-day high: €18.76

New 90-day high: €18.41

SPIE SA (ENXTPA:SPIE) acquired Planen Bauen.

New 90-day high: €17.70

Market bids up stock over the past week

New 90-day low: €13.16

SPIE SA to Report Q1, 2021 Results on Apr 29, 2021

New 90-day high: €16.28

New 90-day high - €15.21

SPIE SA (ENXTPA:SPIE) completed the acquisition of OSMO-Anlagenbau GmbH & Co. KG.

New 90-day high - €14.98

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age