JCDecaux (DEC) AGM 2025 summary

Opening remarks and agenda

• Meeting opened by Gérard Degonse, President of the Supervisory Board, with a review of the agenda including financials, strategy, governance, and resolutions.

• Agenda covered 2024 activity, financial elements, auditor reports, strategy, share performance, Q&A, and voting on resolutions.

Financial performance review

• Double-digit growth in key financial indicators; revenue up 10.2% to €3,935.3M, operating margin up 15.3% to €764.5M, and net profit up 23.8% to €258.9M.

• Digital revenue grew 21.7% organically, now 39% of total revenue; programmatic revenue up 45.6%.

• Free cash flow reached €231.9M, net debt reduced by 25% to €756.3M.

• All business segments and geographies showed strong organic growth, with the UK and Asia-Pacific leading.

• Operating margins improved across all segments; group margin at 19.4%.

Board and executive committee updates

• Supervisory Board has 11 members, 55.5% independent, 44.4% women, average age 59, and 8.2 years tenure.

• Committees (Audit, Remuneration & Nominations, Ethics & CSR) all showed 100% attendance and high independence.

• Proposal to appoint Guillaume Pepy to the Supervisory Board, replacing Michel Bleitrach.

• Annual rotation of the Executive Board presidency between Jean-Charles and Jean-François Decaux.