Solutions 30 (S30) AGM 2025 summary

Opening remarks and agenda

• AGM opened with formal appointments of secretary and scrutineer, confirming compliance with Luxembourg law and company statutes.

• Attendance requirements, voting procedures, and agenda items were outlined, including management and auditor reports, financial approvals, board elections, and remuneration.

• Shareholders could participate in person or via video; no written questions were received in advance.

• Agenda included review and approval of 2024 annual and consolidated accounts, allocation of results, discharge of board members, board renewals, auditor appointments, and remuneration approvals.

• Emphasis on the company's adaptability to technological changes and strategic rebalancing of activities, both geographically and sectorially.

Financial performance review

• 2024 sales reached EUR 996 million, down 5.8% from 2023, reflecting a strategic focus on margins over growth.

• Adjusted EBITDA margin improved to 7.5%, with adjusted EBITDA at EUR 75.1 million, up 0.7%.

• Net free cash flow turned positive at EUR 5.9 million, and net bank debt was nearly zero at EUR 0.8 million.

• Adjusted EBIT rose 25.6% to EUR 28.4 million; adjusted net income was EUR 6.0 million after restating amortization.

• Energy segment grew by 28.4%, now representing 20% of revenue; strong growth in Germany (+33.6%).

Board and executive committee updates

• Supervisory Board comprised seven independent members, with changes in chairmanship and committee leadership.

• Two new board members proposed: Olivier Domergue and Maria Zesch, both bringing significant industry expertise.

• Board diversity maintained at 43% women, in line with EU directives, with four nationalities represented.

• Internal audit department established and compliance structures strengthened across subsidiaries.

• Board and committees maintained 100% attendance; eight board meetings and 18 committee meetings held in 2024.