AB Ignitis grupe Management

Management criteria checks 3/4

AB Ignitis grupe's CEO is Darius Maikštenas, appointed in Feb 2018, has a tenure of 6.25 years. total yearly compensation is €223.90K, comprised of 78.8% salary and 21.2% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth €55.14K. The average tenure of the management team and the board of directors is 6.3 years and 2.6 years respectively.

Key information

Darius Maikštenas

Chief executive officer

€223.9k

Total compensation

CEO salary percentage	78.8%
CEO tenure	6.3yrs
CEO ownership	0.004%
Management average tenure	6.3yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Darius Maikštenas's remuneration changed compared to AB Ignitis grupe's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€224k	€177k	€320m
Sep 30 2023	n/a	n/a	€321m
Jun 30 2023	n/a	n/a	€334m
Mar 31 2023	n/a	n/a	€374m
Dec 31 2022	€198k	€144k	€293m
Sep 30 2022	n/a	n/a	€233m
Jun 30 2022	n/a	n/a	€215m
Mar 31 2022	n/a	n/a	€165m
Dec 31 2021	€181k	€129k	€160m
Sep 30 2021	n/a	n/a	€174m
Jun 30 2021	n/a	n/a	€159m
Mar 31 2021	n/a	n/a	€193m
Dec 31 2020	€187k	€121k	€171m
Sep 30 2020	n/a	n/a	€124m
Jun 30 2020	n/a	n/a	€102m
Mar 31 2020	n/a	n/a	€61m
Dec 31 2019	€155k	€94k	€57m
Sep 30 2019	n/a	n/a	-€27m
Jun 30 2019	n/a	n/a	-€54m
Mar 31 2019	n/a	n/a	-€38m
Dec 31 2018	€85k	€63k	-€22m

Compensation vs Market: Darius's total compensation ($USD238.88K) is below average for companies of similar size in the LT market ($USD1.41M).

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

CEO

Darius Maikštenas (53 yo)

6.3yrs

Tenure

€223,904

Compensation

Mr. Darius Maikštenas has been Chairman of the Management Board of UAB Ignitis Grupe since February 1, 2018 and as its CEO since February 12, 2018. During his tenure, structural reforms were implemented by...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Darius Maikštenas	Chairman of the Management Board & CEO	6.3yrs	€223.90k	0.0041% € 55.1k
Jonas Rimavicius	Member of the Management Board & CFO	6.3yrs	€171.23k	0.00069% € 9.2k
Zivile Skibarkiene	Member of the Management Board & Group Head of Organisational Development	6.3yrs	€181.36k	0.00041% € 5.5k
Vidmantas Salietis	Member of the Management Board and Head of Group Commerce & Service	6.3yrs	€179.66k	0.00028% € 3.7k
Mantas Mikalajunas	Member of the Management Board & Group Head of Regulated Activities	2.3yrs	€171.39k	0.00030% € 4.0k
Arturas Ketlerius	Head of Public Relations	no data	no data	no data

6.3yrs

Average Tenure

45yo

Average Age

Experienced Management: IGN1L's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Judith Buss	Independent Member of Supervisory Board	3.5yrs	€37.68k	no data
Ausra Vickackiene	Member of Supervisory Board	6.8yrs	€18.84k	no data
Leda Turai-Petrauskiene	Member of Remuneration & Nomination Committee	6.2yrs	€4.13k	no data
Ingrida Muckute	Member to Supervisory Board	2.6yrs	€18.84k	no data
Sarunas Rameikis	Member of Risk Committee	no data	no data	no data
Lorraine Wrafter	Independent Member of Supervisory Board	2.6yrs	€37.68k	no data
Tim Brooks	Independent Member of Supervisory Board	2.6yrs	€37.68k	no data
Alfonso Faubel	Independent Chairman of the Supervisory Board	2.6yrs	€50.16k	no data

2.6yrs

Average Tenure

Experienced Board: IGN1L's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

AB Ignitis grupe Management

Management criteria checks 3/4

Key information

Recent management updates

AB Ignitis grupe Announces Resignation of Bent Christensen as an Independent Member of the Supervisory Board and the Nomination and Remuneration Committee, Effective January 4, 2024

AB Ignitis grupe Approves Jonas Rimavicius as CFO

AB Ignitis Grupe Announces Management Changes

Recent updates

Final dividend of €0.64 announced

AB Ignitis Grupe Approves Dividend for the Second Half of 2023, Payable on 23 April 2024

Consensus revenue estimates decrease by 12%

Full year 2023 earnings released: EPS: €4.42 (vs €4.04 in FY 2022)

AB Ignitis grupe Announces Resignation of Bent Christensen as an Independent Member of the Supervisory Board and the Nomination and Remuneration Committee, Effective January 4, 2024

AB Ignitis grupe to Report First Half, 2024 Results on Aug 14, 2024

Third quarter 2023 earnings released: EPS: €0.79 (vs €0.97 in 3Q 2022)

Consensus EPS estimates increase by 14%

Price target increased by 12% to €27.55

AB Ignitis Grupe Approves Dividend for the Six-Month Period Ended 30 June 2023, Payable on 17 October 2023

Consensus revenue estimates increase by 13%

AB Ignitis grupe Proposes Dividend for the Six months Ended June 30, 2023

Second quarter 2023 earnings released: EPS: €0.40 (vs €0.94 in 2Q 2022)

New minor risk - Financial position

AB Ignitis grupe (NSEL:IGN1L) acquired BRVE SIA for EUR 0.2 million.

First quarter 2023 earnings released: EPS: €1.76 (vs €0.64 in 1Q 2022)

Upcoming dividend of €0.62 per share at 6.1% yield

Full year 2022 earnings released: EPS: €4.04 (vs €2.07 in FY 2021)

Price target decreased by 18% to €20.00

Third quarter 2022 earnings released: EPS: €0.97 (vs €0.63 in 3Q 2021)

AB Ignitis grupe to Report Q3, 2022 Results on Nov 22, 2022

AB Ignitis grupe to Report Fiscal Year 2022 Results on Feb 28, 2023

Consensus forecasts updated

Upcoming dividend of €0.62 per share

AB Ignitis Grup Approves Dividend for the Six Months Ended 30 June 2022

Second quarter 2022 earnings released: EPS: €0.94 (vs €0.16 in 2Q 2021)

AB Ignitis grupe Proposes Dividend for First Half of 2022

Consensus forecasts updated

Price target increased to €24.45

Consensus revenue estimates increase by 14%

Price target decreased to €22.15

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

AB Ignitis grupe (NSEL:IGN1L) commences an Equity Buyback Plan for 958,167 shares, representing 1.29% for €14.66 million, under the authorization approved on March 29, 2022.

Upcoming dividend of €0.60 per share

Full year 2021 earnings: EPS and revenues exceed analyst expectations

AB Ignitis grupe Announces Dividend Guidance for the 2022–2025 Period

Consensus forecasts updated

AB Ignitis grupe Approves Jonas Rimavicius as CFO

Consensus forecasts updated

AB Ignitis grupe (NSEL:IGN1L) agreed to acquire 50-MW onshore wind project in Poland.

Third quarter 2021 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of €0.59 per share

Second quarter 2021 earnings released: EPS €0.16 (vs €0.96 in 2Q 2020)

First quarter 2021 earnings released: EPS €0.49 (vs €0.33 in 1Q 2020)

Full year 2020 earnings released: EPS €2.88 (vs €1.04 in FY 2019)

Revenue and earnings beat expectations

New 90-day high: €21.90

AB Ignitis grupe to Report 2 Months 2021 Results on Mar 30, 2021

AB Ignitis Grupe Announces Management Changes

AB Ignitis Grupe Approves Signing A New Office Lease Agreement

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure