Capgemini (CAP) AGM 2025 summary

Opening remarks and agenda

• The meeting was held at Pavillon Gabriel, with live broadcast and remote Q&A access for shareholders.

• The Bureau of the Meeting was appointed, and legal formalities and quorum were confirmed, with nearly 80% of shares represented.

• The agenda included financial and strategic reviews, AI developments, governance, compensation, auditor reports, Q&A, and voting.

Financial performance review

• 2024 revenue was EUR 22,096 million, down 1.9% reported and 2% at constant currency; operating margin stable at 13.3%.

• Net profit group share reached EUR 1,671 million (+0.5% YoY); basic EPS up 1.2% to EUR 9.82.

• Organic free cash flow was EUR 1,961 million, in line with targets; net debt at EUR 2.1 billion.

• Sector performance: public sector grew 3.2%, financial services declined 3.1%, manufacturing down 3%.

• Regional performance: France down 3.5%, North America down 4.1%, UK/Ireland down 1%, APAC/LatAm down 0.3%.

Board and executive committee updates

• The board was highly engaged, adapting strategy amid economic/geopolitical volatility and supporting prudent guidance.

• Christophe du Vignaux joined the board, replacing Lucia Sinapi; board diversity and expertise were emphasized.

• AI was a key focus, with director training and strategic seminars dedicated to agentic AI developments.

• Succession planning and talent management were reviewed, with CEO Aiman Ezzat reappointed.