Lectra (LSS) AGM 2025 summary

Opening remarks and agenda

• Meeting held on April 25, 2025, at Lectra Headquarters in Paris, broadcast in French and English, with agenda covering 2024 results, climate strategy, Q&A, auditor's report, voting on resolutions, and closure.

• Chairman and CEO led the meeting, supported by CFO and other key executives; all formalities and documentation were completed on time.

• Quorum exceeded 90%, with no written questions or draft resolutions submitted in advance.

Financial performance review

• 2024 results aligned with guidance, with revenue up 10%, gross margin up 13%, and EBITDA up 15%.

• Launchmetrics acquisition integrated successfully, contributing €7M EBITDA; SaaS subscriptions up 26%.

• Total revenue reached €485M (or €526M including Launchmetrics), with recurring contracts making up 70% of revenues.

• Free cash flow hit a historic high of €72.1M, enabling acquisitions and maintaining low net debt (€20.6M).

• Asia-Pacific drove growth (+32%), while Europe and Americas saw improvements in H2, ending at -16% and -12% respectively.

Board and executive committee updates

• Two new executive committee members appointed: Antonella Capelli (Europe/EMEA) and Michael Jaïs (Launchmetrics CEO).

• Reappointment of Céline Abecassis-Moedas as Director and Chairwoman of the Compensation Committee.

• Emphasis on leadership continuity and expertise in SaaS and regional markets.