Invalda INVL Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Darius Šulnis

Chief executive officer

€348.4k

Total compensation

CEO salary percentage	21.1%
CEO tenure	11.5yrs
CEO ownership	n/a
Management average tenure	9.2yrs
Board average tenure	no data

Recent management updates

Recent updates

CEO Compensation Analysis

How has Darius Šulnis's remuneration changed compared to Invalda INVL's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€59m
Mar 31 2024	n/a	n/a	€52m
Dec 31 2023	€348k	€74k	€46m
Sep 30 2023	n/a	n/a	€37m
Jun 30 2023	n/a	n/a	€28m
Mar 31 2023	n/a	n/a	€22m
Dec 31 2022	€446k	€73k	€17m
Sep 30 2022	n/a	n/a	€14m
Jun 30 2022	n/a	n/a	€12m
Mar 31 2022	n/a	n/a	€25m
Dec 31 2021	€75k	€73k	€37m

Compensation vs Market: Darius's total compensation ($USD369.11K) is above average for companies of similar size in the LT market ($USD234.76K).

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

CEO

Darius Šulnis (53 yo)

11.5yrs

Tenure

€348,366

Compensation

Mr. Darius Šulnis serves as Chairman of the Board of INVL Asset Management UAB at INVL Technology UTIB. He has been Member of Board of Directors since January 19, 2015. He was previously the Chief Executiv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alvydas Banys	Chairman of the Board & Senior Advisor	11.5yrs	€73.53k	7.58% € 15.7m
Darius Šulnis	CEO & President	11.5yrs	€348.37k	no data
Raimondas Rajeckas	Chief Financial Officer	18yrs	€187.30k	no data
Indre Mišeikyte	Advisor & Director	12.5yrs	€73.53k	1.97% € 4.1m
Audrius Matikiunas	COO & Head of Legal of Private Equity Investments	6.8yrs	no data	no data
Raminta Jakuboniene	Chief Accountant	less than a year	no data	no data
Justas Bartašiunas	Head of Group Compliance	no data	no data	no data
Vytautas Plunksnis	Head of Private Equity Funds	15.8yrs	no data	no data
Nerijus Drobavicius	Private Equity Partner	6.3yrs	no data	no data
Vidas Venckus	Private Equity Partner	no data	no data	no data
Diana Uselyte	Senior Private Equity Analyst	no data	no data	no data
Arvydas Jacikevicius	Portfolio Manager	no data	no data	no data

9.2yrs

Average Tenure

50yo

Average Age

Experienced Management: IVL1L's management team is seasoned and experienced (9.2 years average tenure).

Invalda INVL Management

Management criteria checks 2/4

Key information

Recent management updates

Invalda INVL, AB, Annual General Meeting, Apr 30, 2024

Less than half of directors are independent

Invalda INVL, AB Elects Tomas Bubinas to the Board

No independent directors

Invalda INVL, AB, Annual General Meeting, Apr 30, 2022

Invalda INVL, AB, Annual General Meeting, Apr 08, 2021

Recent updates

First half 2024 earnings released: EPS: €0.97 (vs €0.12 loss in 1H 2023)

New minor risk - Shareholder dilution

Invalda INVL, AB Approves Dividends for the Year 2023

Full year 2023 earnings released: EPS: €3.85 (vs €1.41 in FY 2022)

Invalda INVL Proposes to Allocate Dividends for the Year 2023

Invalda INVL, AB, Annual General Meeting, Apr 30, 2024

New minor risk - Financial data availability

New major risk - Earnings quality

New major risk - Revenue and earnings growth

Invalda INVL, AB to Report Nine Months, 2024 Results on Nov 29, 2024

New minor risk - Share price stability

AB Siauliu Bankas (NSEL:SAB1L) completed the acquisition of Retail Businesses from Invalda INVL, AB (NSEL:IVL1L) for €41.8 million.

Invalda INVL, AB Obtains the Necessary Regulatory Approvals for the Transfer of Part of Group's Businesses to AB Šiauliu Bankas Group

Invalda INVL, AB Obtains the Necessary Regulatory Approvals for the Transfer of Part of Group's Businesses to AB Šiauliu Bankas Group

New minor risk - Financial data availability

New major risk - Revenue and earnings growth

Invalda INVL Launches EQT feeder fund

Invalda INVL, AB to Report Fiscal Year 2022 Results between Apr 07, 2023 and Apr 08, 2023

AB Siauliu Bankas (NSEL:SAB1L) agreed to acquire Retail Businesses Of Invalda from Invalda INVL, AB (NSEL:IVL1L) for €40.2 million.

Less than half of directors are independent

First half 2022 earnings released: €1.08 loss per share (vs €1.12 profit in 1H 2021)

Invalda INVL, AB (NSEL:IVL1L) completed the acquisition of Mandatum Life Insurance Baltic SE from Mandatum Henkivakuutusosakeyhtiö.

Invalda INVL Dividend Payment Procedure for the Year 2021, Payable from 27 May 2022

Civinity UAB completed the acquisition of UAB Inservis/Priemestis/Jurita/SIA Inservis from Invalda INVL, AB (NSEL:IVL1L) for €7 million.

Invalda INVL, AB Elects Tomas Bubinas to the Board

Invalda INVL Approves Profit Distribution

No independent directors

Invalda INVL, AB, Annual General Meeting, Apr 30, 2022

Now 21% undervalued after recent price drop

Civinity UAB signed an agreement to acquire UAB Inservis/Priemestis/Jurita/SIA Inservis from Invalda INVL, AB (NSEL:IVL1L) for €7 million.

Investor sentiment improved over the past week

First half 2021 earnings released: EPS €1.12 (vs €0.36 loss in 1H 2020)

Invalda INVL, AB (NSEL:IVL1L) agreed to acquire Mandatum Life Insurance Baltic SE from Mandatum Henkivakuutusosakeyhtiö.

A group of private investors acquired UAB Kelio Zenklai from Invalda INVL, AB (NSEL:IVL1L).

New 90-day high: €8.45

New 90-day high: €8.00

Invalda INVL, AB (NSEL:IVL1L) acquired Avimeda.Lt and Avimedika.Lt.

New 90-day high: €7.30