Chargeurs (CRI) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with confirmation of quorum, regulatory compliance, and the constitution of the bureau, including major shareholders and key representatives.

• Michaël Fribourg, Chairman and CEO, presented the agenda, including operational and financial reviews, CSR, auditor reports, Q&A, and voting on resolutions, including a proposed name change.

Financial performance review

• Revenue grew 11.9% to €729.6M in 2024, with all business lines and geographies contributing.

• EBITDA rose 42.2% to €65M, and operating profit increased 74%, with €40M ROPA.

• Cash flow from operations reached €64M, enabling significant debt reduction and €14M in industrial CAPEX.

• Museum Studio achieved over 33% organic growth, reaching €140M in revenue, and Personnel Goods grew by 18.5%.

• Net profit was €7.3M, with consolidated equity at €315.7M and net debt reduced to €236.4M.

Board and executive committee updates

• The board welcomed new members and censors, including the renewal of Colombus Holding SAS and appointments of Carine de Koenigswarter and Pierre Rambaldi.

• Approval of remuneration policies for the CEO and Board members for 2025.