Comparative representation of the annual change within the meaning of Section 162 (1) sentence 2 No. 2 AktG (so-called vertical comparison)
The provision of Section 162 (1) sentence 2 No. 2 AktG requires a comparative presentation of the annual change in the remuneration of the Management Board and the Supervisory Board, the development of earnings of the Company and the average remuneration of the employees on a full-time equivalent basis. The annual change was determined as follows:
•The earnings development of the Company was based on the annual result according to the profit and loss account. Since NORMA Group SE is the parent company of the Group and the variable remuneration of the Management Board is based, among other aspects, on Group earnings figures (e.g. adjusted Group EBIT), this figure was also included in the comparative presentation.
•The determination of the change in the average remuneration of employees on a full-time equivalent basis was based on the entire workforce in Germany (excluding the Management Board) on the one hand and on the collectively bargained employees in Germany on the other, since this data is comparable with the other remuneration due to the legal and social security framework.
•For the sake of completeness, it should be mentioned that the remuneration data for 2020 was influenced by both short-time work and executive pay cuts.
The annual changes for the years 2019 to 2023 are as follows:
Comparative presentation of the annual change (so-called vertical comparison) pursuant to Section 162 (1) sentence 2 No. 2 German Stock Corporation Act (AktG) | T060 | |||
|---|---|---|---|---|
Group of persons / yield variables | Change from 2023 to 2022 | Change from 2022 to 2021 | Change from 2021 to 2020 | Change from 2020 to 2019 |
Members of governing bodies in office as of Dec 31, 2023 | ||||
a) Management Board | ||||
Guido Grandi (since June 1, 2023) | n/a | n/a | n/a | n/a |
Dr. Daniel Heymann (since May 1,2023) | n/a | n/a | n/a | n/a |
Annette Stieve (since October 1, 2020) | 17.7% | -2.0% | 243.5% | n/a |
b) Supervisory Board | ||||
Mark Wilhelms | 48.0% | 20.2% | 29.6% | 11.4% |
Erika Schulte | -6.8% | 12.5% | 9.5% | 4.2% |
Dr. Markus Distelhoff (since May 12, 2023) | n/a | n/a | n/a | n/a |
Rita Forst | 11.1% | 4.9% | 27.0% | 6.3% |
Denise Koopmans (since May 12, 2023) | n/a | n/a | n/a | n/a |
Miguel Ángel López Borrego (since March 15, 2021)1 | -26.2% | 36.5% | n/a | n/a |
Former Board members | ||||
a) Management Board | ||||
Miguel Ángel López Borrego (January 1 until May 31, 2023)1 | n/a | n/a | n/a | n/a |
Dr. Friedrich Klein (until April 30, 2023) | -66.9% | 3.1% | -8.1% | -13.3% |
Dr. Michael Schneider (until December 31, 2022) | n/a | 2.0% | -20.6% | 21.2% |
b) Supervisory Board | ||||
Günter Hauptmann (until May 11, 2023) | -64.9% | 17.1% | 38.8% | 26.6% |
Dr. Knut J. Michelberger (until May 11, 2023) | -70.0% | 7.2% | 11.6% | — % |
Lars M. Berg (until August 31, 2020) | n/a | n/a | n/a | – 33.3% |
Earnings indicators | ||||
Annual result for NORMA Group SE | -41.5% | – 46.8% | 698.9 % | -69.7% |
Adjusted EBIT NORMA Group [Group] | -1.5% | – 13.0% | 151.3% | -66.7% |
Average remuneration of employees on a full-time equivalent basis | ||||
Total workforce in Germany (excluding the Management Board) | 5.3% | 5.6% | 8,4% | -2.4% |
Pay scale employees in Germany | 7.2% | 5.6% | 8,9% | -5.4% |
1_Interim CEO activity from January 1 to May 31, 2023; the office as a member of the Supervisory Board was suspended during this period. | ||||
Legend
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.