Capgemini (CAP) AGM 2026 summary

Opening remarks and agenda

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

• The agenda included reviews by the CEO and CFO, updates on climate strategy, governance, compensation, and statutory auditors' reports.

• Shareholders were informed about the opportunity to ask questions both in person and online.

Financial performance review

• 2025 revenue reached EUR 22,465 million, up 1.7% reported and 3.4% at constant currency, exceeding upgraded outlook.

• Operating margin held steady at 13.3%; net profit group share was EUR 1,601 million; normalized EPS rose 5.8% to EUR 12.95.

• Organic free cash flow was EUR 1,949 million, conversion ratio of net profit to free cash flow at 1.2.

• Major acquisitions (WNS, Cloud4C) drove Q4 growth, especially in North America, UK, and Asia-Pacific.

• Dividend maintained at EUR 3.40 per share despite lower net income.

Board and executive committee updates

• Board addressed share price volatility, AI disruption, and divestment of Government Solutions subsidiary.

• Directors received AI training and were closely involved in financial communications.

• Board succession planning included renewal and appointment of several directors, maintaining diversity and expertise.

• Paul Hermelin's term as Chairman was renewed; new directors introduced themselves to shareholders.