Ladies and gentlemen, dear shareholders, along with the members of our Management Board and the Supervisory Board, I have the great honor and pleasure to bid you a warm welcome to our Annual General Meeting here for 2025 in the Solutions [Foreign language] Company. Alongside me, we'll have a scrutineer and a secretary. In this respect, I'd like to appoint Katarzyna Kuszewska, who is our Chief Legal Officer of the Group, if you agree, as Secretary, and Pierre-Alexandre Degehet, who is a Barrister, as being the scrutineer of our general meeting, if you agree, of course. I'd like to give the floor straight away to Pierre-Alexandre Degehet concerning the formalities for attendance at this AGM.
Thank you, sir. Thank you, Chairman. Ladies and gentlemen, dear shareholders, good afternoon. I'd like to recall that in line with the Luxembourg Act of the 10th of August 1915 concerning commercial companies as modified, this act was modified later on, we have to hold at least one share of Solutions [Foreign language] in order to attend this meeting. We must have come into line with the statutory provisions in order to attend and participate actively in this AGM. This Annual General Meeting shall be broadcast live by video conference for all shareholders who were not able to attend in person. As a general meeting is a private meeting, I would like to inform anybody attending this meeting that it is not possible to make any audio or video recording.
Concerning the voting process, Solutions [Foreign language] has enacted provisions so as to give shareholders the possibility of voting by correspondence, by proxy, and by vote access. The formalities corresponding to the poll arrangements will be detailed out later on in the meeting. As we detailed out in the convening notice, only shareholders attending in person will be able to ask questions live here. However, shareholders who could not attend physically in person were invited to raise their questions in advance as soon as possible or by sending them on in writing to the company at the latest on the 11th of June 2025. We did not receive any written questions, however, so we will have a Q&A session open to the shareholders present in the room that will be held later on in the course of this AGM.
I would like to recall that in line with the Luxembourg Act concerning commercial companies and the Articles of Association of Solutions [Foreign language], no quorum is required for an Annual General Meeting. Also, it's not required by law or by the Articles of Association of the Company that we should have an enhanced majority for the adoption of resolutions in the context of an Annual General Meeting, such that the resolutions provided for on our agenda here today at this AGM shall be passed on the basis of a simple majority of the votes validly cast. Each share gives entitlement to one vote.
Please note that the documents concerning the regularity of the convening of the shareholders have been filed here on the desk, and the document and the information provided for by law and the Articles of the Company were made available also to the shareholders in the conditions and lead times provided for by the Articles of the Company and by the regulations enforced. In this respect, the convening notice was published on the 16th of May 2025 in the Recueil Electronique des Sociétés et Associations, number RESET 2025-105.2, and in the Tageblatt, which is a Luxembourg newspaper, and also finally on the website of the company. That's www.solutions[Foreign language].com. Also, the convening notices and invitations were communicated to the shareholders who are registered with us by letter also on the 16th of May 2025.
The publications required by law and a copy of the letter sent to the shareholders on behalf of the company were filed with the committee of this meeting. The certifications concerning the status of shareholders on the record date and the proxies and the voting forms for correspondence voting were also made available here on the desk. The record date corresponding to the 14th day preceding the AGM in this case was set at the 3rd of June 2025 at midnight. Thank you, Mr. Chairman.
I think therefore we are duly convened and the shareholders of Solutions [Foreign language] have indeed been validly convened to this meeting and these invitations were published in compliance with all of the rules. So we are duly convened and we can deliberate validly. I'll give the floor back to Pierre-Alexandre Degehet to read out the items on the agenda of our meeting here today.
Thank you, Mr. Chairman. Here therefore is the agenda of our AGM here today for your group, Solutions [Foreign language] . Firstly, we'll have a presentation of the management report and the consolidated management report from the Management Board of the Company, also the report by the approved statutory auditor concerning the annual accounts and the consolidated financial statements of the company for the financial year ended on the 31st of December 2024 and observations from the Supervisory Board of the Company. Number two is the approval of the annual accounts of the company for the fiscal year that ended on the 31st of January 2024. Thirdly, approval of the consolidated accounts of the fiscal year that closed on the 31st of December 2024. Number four, the allocation of the income. Then fifthly, discharge to be granted to members of the Supervisory Board and the Management Board.
Sixthly, approval of the non-renewal of the terms of office of the members of the Supervisory Board, re-election of the members of the Supervisory Board, and also nomination of new members of the Supervisory Board. Number seven, approval of the renewal of the term of PKF Audit et Conseil SARL as the approved statutory auditor until the Annual General Meeting, making decisions concerning the approval of the annual accounts of the financial year that will have been closed out on the 31st of December 2025. Number eight is the appointment of an approved statutory auditor concerning the opinion concerning assurance on the sustainability report included in the management report for fiscal 2025, if necessary, and submission of the report on remuneration for consultative opinion and approval of the remuneration of the Supervisory Board. Thank you, Mr. Chairman. I'll give you back the floor.
Thank you, Pierre-Alexandre. We'll now look at the highlights of Solutions {Foreign language] in 2024, and then I'll leave the floor to Amaury Boilot, who is our General Secretary of the Group, so that he'll be able to comment more in detail on the financial results for 2024 and on the progress made in the group in terms of CSR. We, as you know, are a European leader in local multi-technical services for the sectors of telecommunications, energy, and digital. Over the years, we've managed to replicate our business model outside of France so as to become a group that's geographically diversified. In 2024, we generated 37% of our revenue figure in the Benelux area. This remains our main geographical area, followed by France with 36%. Germany has kept its promises.
It represented 7% of the revenues of the group in the first quarter of 2024, but 10% in the last quarter. It has now become one of the main growth drivers of our company. It will be a future third pillar alongside Benelux and France, given the potential for the market in that country. We also replicated our business model in different business areas as technological changes took place. Each time we provided to our customers an ability to achieve a large number of technical operations locally in a methodic, efficient way. That is for residential clients or companies over a large area, enabling us to rapidly deploy and efficiently deploy new technologies. Our 16,000 technicians who are experts have about 80,000 callouts per day. This model is underpinned by the pooling and sharing of skill sets and technical resources that can intervene quickly everywhere.
This has proven its worth in the sector of telecoms, which represented 74% of our revenue figure in 2024, but also in the energy sector, which represented 15% and now is indeed a great growth driver for the group. Finally, in the digital sector, which represented 11% of our revenue figure in 2024. It's this ability to replicate our business model in new technologies, in new business areas, in new markets, in new sectors that accounts for our strength over the last 20 years. Our business lines avail of sustainably buoyant megatrends. We have the digital transformation going on and the energy transition as well. Here are a few concrete examples of achievements we made in 2024 illustrating these trends. In France, we've seen an upswing of our activities in energy that continued.
We won a contract with Verso Energy to take part in the construction of the first large-scale floating solar plant, which is located in Bourgogne-Franche-Comté in France. We'll be in charge of the design, supply, and installation of the floating structures and the associated electric infrastructures. This is a new large-scale contract that shows how sound our positions are in the French market for photovoltaic, which is currently, of course, an up-and-coming market. In Spain, we undertook to divest of certain activities that were mature activities in telecoms, and we opted out of that part of the market, and we are now repositioning ourselves in parallel on energy services, which also avail of a very good outlook. With the Atlante company, we won a very interesting contract to deploy 50 quick charging stations for EVs in the south of Spain and in Catalonia.
That company is a specialist in infrastructures for recharging of EVs, of course. In Belgium, our activities for the deployment of fiber were temporarily just marking time in 2024, but the telecoms market remains nonetheless an active one in that country. Our subsidiary, which is Unity, concluded a strategic partnership with Wire, which is a subsidiary of Telenet, the second largest operator in the country for the maintenance of the hybrid fiber and coaxial network. The market potential in Belgium remains intact, and we are very well positioned there. In Belgium also, we diversified successfully our energy activities into services to power grids, which in Belgium, as elsewhere, are the focus of a lot of CapEx for modernization and expansion. As notably to make it possible for new uses to be made of the power grid as dictated by the energy transition requirements.
We have a contract with Fluvius, which is the power distributor in Flanders, and which is already a client of Solutions 30, whom we're now supporting in the revamping of more than 1,000 km of medium and low voltage grid. With EUR 110 million of revenues in the technology activities, we remain an important player in the area of digital services. In 2024, we in particular were involved in the Paris Olympic Games in several Olympic sites so as to supply technical systems to IT systems and for payment systems. Given the demanding nature of our clients in the context of the games, this was indeed a great showcase for our know-how. Finally, we were active in terms of acquisitions too, quite particularly in order to bolster our footprint in the photovoltaic market in France with a stake we took out in the SOTEC company.
We already had a stake, but we opted to 60% at this point. In the Netherlands and in Germany, we made an acquisition of a company called Xperal, and in Germany, we also acquired the activities of Gartner, which is a German company specialized in the connecting up and maintenance of fiber networks. This acquisition bolsters our capabilities in the German fiber market, which is currently seeing a lot of growth. A very active year in terms of business development and external growth. Let's now go on to the operational and financial performance levels. Firstly, in the energy industry, we developed in the last few years a broad portfolio of services, which now enables us to fully grasp the opportunities offered by this market. Firstly, when it comes to smart meters, Solutions [Foreign language] is the European leader with more than 11 million meters installed at this point.
This position is underpinned by unique experience acquired with the deployment of Linky in France since 2015. The prospects here remain quite sound with deployments continuing in certain countries like Belgium and also their maintenance activities and renewal activities which are taking place. Finally, there will be strong potential as well, of course, ultimately in Germany. In photovoltaic, we're a leading player in France where we're installing solar power production facilities, but also energy storage facilities, and we're also offering services for connecting up to the grid. We've already pursued more than 500 projects representing installed capacity of more than 1,800 MW, and we also have strong ambitions for development in this regard on the European footing. In the area of EV charging stations, we have more than 150 active clients all over Europe.
We signed new contracts in the U.K., in Spain, and in Italy, and we're well positioned for the deployment of these essential infrastructures. They're essential if people are to adopt electric mobility on a large scale. Finally, in 2024, we continued to widen our service offering for the modernization of the French power grid with Enedis, and we won a contract with Fluvius, the Flemish power grid operator, for the modernization of more than 1,000 km of power lines that's medium and low voltage. This segment avails of massive CapEx dynamic throughout Europe, connected with the changes in the energy mix and changes in the usage patterns. Energy will remain a powerful growth driver for the group in the coming few years. If we project ourselves into the longer term, we could envision that these activities might even represent up to 40% of our revenue figures in the group.
Another major growth factor for Solutions 30 is Germany. The rollout of fiber optics in Germany has accelerated over the last few years. We deployed the adequate organization, replicated our operating model, and forged privileged relationships with the six main national operators. This has enabled us to capture market growth while delivering operating margins at a very satisfactory level above the group average. In energy, our presence in Germany is still very limited, but the market is particularly attractive, and we have a clear plan for tackling this market by, first of all, we're developing our photovoltaic business. Germany is Europe's biggest market in this field, and every year it installs the same capacity as the whole of the number two and number three European countries, which are Spain and Italy. We intend to move on to more integrated solutions, including energy storage and infrastructure for electric mobility.
Lastly, to diversify into other energy markets such as grid servicing and smart metering. Germany's vast infrastructure investment plan is particularly promising, a long-term growth driver for our markets. It reinforces our conviction that Germany will eventually become the group's third pillar alongside the Benelux countries and France, and one of its main growth drivers over the long term. We now turn to the results for fiscal 2024. Solutions 30 recorded sales of EUR 996 million, down a slight 5.8% compared to 2023. As already mentioned, in 2024, we had decided to give priority to margins rather than growth in sales and to reduce or discontinue certain activities that are not sufficiently profitable or loss-making in our more mature markets.
The strategy paid off as we were able to significantly improve our adjusted EBITDA margin again this year by 40 basis points after having improved it by 190 basis points in 2023. This will take us up to 7.5% of sales in 2024. We even recorded a slight 0.7% growth in adjusted EBITDA despite the drop in sales in line with our guidance. 2024 also saw continued strong momentum in the two main growth drivers I just mentioned. Germany, first of all, driven by an acceleration in the telecoms market, where our sales rose by almost 34%. In energy activities, which account for some 15% of our 2024 sales, grew by more than 28%. Our cash flow generation has improved significantly in 2024, with net free cash flow becoming positive in 2024, standing at EUR 5.9 million compared with - EUR 17 million in 2023.
We maintain an extremely solid financial structure with a virtually zero net bank debt at EUR 0.8 million at the end of 2024, and financing requirements fully covered by the refinancing of our bank debt, which we successfully completed in November for EUR 120 million. Amaury will get back to these points in more detail. A closer look at the group's sales trends in 2024 reveals the continuation of two-fold rebalancing currently underway. First, a geographical rebalancing. As I mentioned in my introduction, France, which has long been our main geographic zone, will account for just 36% of sales in 2024. This is an area where two contrasting trends currently coexist. The decline in telecoms business in a mature fiber deployment market, we significantly reduced our exposure to less certain profitable contracts in 2024.
The other trend is a growth in the energy business, particularly with the boom in photovoltaics, a market where we are extremely well positioned. As a result, telecom shares of our sales in France are declining rapidly. Nevertheless, it was still 58% in 2024 compared with 22% for energy and 20% for technology. This explains the 10.5% decline recorded in France in 2024. In Benelux, the group's leading geographical region with 37% of 2024 sales, we are a major player in the rollout of fiber optics, particularly in Belgium, where much remains to be done. Nevertheless, the growth slowed temporarily in 2024 for reasons internal to local telecom operators, which we explain in our 2024 financial communications. These are one-off factors that in no way call into question the market's potential, and we expect to return to growth in Benelux in 2025 this year in the second half year.
Lastly, in the other countries, sales contracted slightly in 2024 to -3.1% due to strategic choices in favor of margins in Spain and in the United Kingdom, which led to sharp falls in sales in these countries, masking the strong growth in Germany, which, I would remind you, amounted to 34%. I would like to take this opportunity to point out that as of Q1 2025, we are now reporting Germany as a separate zone in our publications. Secondly, we have logged a gradual rebalancing in favor of energy activities. In 2024, they posted a very strong growth of over 28%, driven by the very favorable market trends I mentioned earlier. They accounted for 15% of our 2024 sales and even nearly 20% in Q4 compared with 11% in 2023.
At the same time, our connectivity sales fell by 12.1%, largely as a result of our strategy to focus on profitability, particularly in France. However, this decline was mitigated by the strong momentum of our fiber activities in Germany and Poland, which recorded remarkable performance. The technology business grew by 5.9%, driven by solid trends in France and the Benelux countries. Let's turn now to operating margins, the recovery of which is now our top priority. The strong active strategy implemented in 2024 has clearly paid off with our adjusted EBITDA margin, the main indicator of operating profitability used throughout the group, reached 7.5%. I would like to remind you that it had fallen to 5.2% in 2022, so we have gained 230 basis points in two years, including 40 in only 2024.
Our adjusted EBITDA amounted to EUR 75.1 million, up 7.7% in 2023, despite the drop in sales, which is a sign of the relevance of our strategy of increased selectivity. By geographical region, you can see on this slide that the group's margin growth was driven by France and other countries. In France, our margins rose to 9.5% compared to 8.8% in 2023, thanks to greater selectivity and rigorous management of overheads. In other countries, we made significant progress with our margin rising from 2% to 6.2% in the space of a year, thanks to a very good performance in Germany and substantial improvements in Italy, Spain, and the U.K. In Benelux, we succeeded in maintaining a double-digit EBITDA margin at 10% versus 11.4% in 2023, despite the temporary slowdown in business. We have demonstrated our agility by adapting our organization and processes quickly and effectively.
A word about our first quarter 2025, for which we published sales figures on April 29. We have remained true to our strategic course, continuing to give priority to margins over sales growth. Our sales totaled EUR 232.4 million in Q1, down 12.3% due to continued selectivity, particularly in telecoms in France and Spain. I would point out that the basis for comparison was particularly high in Q1, since we were up 3.8% in Q1 last year and that sales began to decline from Q2 onwards. Our growth drivers continued to perform well, with 19% growth in energy, including 30% in France and 20.7% growth in Germany. Finally, we continued to implement measures to turn around performance in the other country segment, which no longer includes Germany.
This was a strong commitment made at our capital market days in September 2024, and we are already seeing the first benefits, with growth picking up again in Italy to 14.6% in Q1, thanks to gradually improving economic conditions. In Spain, another market-diluting country for the region, due to our mature fiber market, we are continuing to restructure the connectivity business and refocusing on our energy and technology activities. I would now like to hand over to Amaury Boilot, Group's general secretary, who will comment in detail on the 2024 financial results, followed by the auditor's report, and finally, the CSR highlights. Amaury could not be physically present in Luxembourg today, but he is joining us. He had an appointment with an important partner, but he's joining us by video conference. Amaury, it's your turn.
Thank you, Gianbeppi. Ladies and gentlemen, dear Shareholders, good morning. I would like to apologize for not being physically present today, as I have been detained in Paris. I'm going to give you a breakdown of Solutions 30's 2024 financial results, starting with the income statement. Sales amounted to EUR 996 million, down 5.8% compared to 2023. Operating costs fell by 7% to EUR 826.1 million, or 82.9% of sales, compared to 84% last year, reflecting rigorous management by all of our teams. Central costs remain stable at EUR 94.8 million, representing 9.5% of sales compared to 9.0% in 2023. Adjusted EBITDA amounted to EUR 75.1 million, up 0.7%, with a margin up from 7.1% to 7.5%. Operating depreciation and amortization fell by 10.2%, standing at EUR 46.7 million, or 4.7% of sales, more or less in line with their normal level.
Finally, our adjusted EBIT reached EUR 28.4 million, up sharply by 25.6%, representing 2.9% of sales compared with 2.1% last year. Our operating profitability indicators are therefore improving despite lower sales. As Gianbeppi explained, this is the logical outcome of the greater priority we have given in 2024 to improving margins over growth. Net income group share, although still negative in 2024, continued to recover. It stood at EUR -15.8 million compared to EUR -22.7 million in 2023. This compares to EUR -58.1 million in 2022. Based on the adjusted EBIT of EUR 28.4 million, the main components of net income are as follows: amortization of intangible assets, which amounted to EUR 14.5 million. This is stable from one year to the next. This is a purely accounting expense linked to the valuation of customer relationships in the context of acquisitions.
This valuation is then amortized on a straight line basis in the consolidated financial statements, with no impact on cash or linked to any tangible asset. Non-recurring items, which amounted to EUR -13.4 million for 2024, these expenses correspond mainly to restructuring costs, reflecting measures taken to accompany selective downsizing in certain markets and to optimize our structures accordingly, notably in Spain, the U.K., and in France. Net income tax of EUR 1.4 million and a + EUR 0.4 million share of income from SOTEC and by the increase in interest rates in 2024, which led to an increase in financial expenses linked to bank debt and IFRS 16 leases.
By including corporate income tax of EUR 1.4 million and a + EUR 0.4 million share of income from SOTEC, which is accountable by the equity method and after deducting minority interest, our consolidated net income group share stood at EUR -15.8 million. As I mentioned, this result is heavily impacted by the amortization of customer relationships, which in no way reflects any operational or financial reality. If we restate this amortization for the group share, net of its tax impact, we obtain adjusted net income of EUR 6.0 million compared to the EUR -12.9 million a year earlier. The adjusted net income is a more accurate reflection of the group's net profitability, which continues its gradual recovery.
Let's now review our cash generation. This also posted quite an improvement in fiscal 2024. Free cash flow comes out at EUR 40.2 million in 2024, as opposed to EUR 13.4 million in 2023. That's a multiplication by three. This progression can be explained firstly by the variation of the working capital requirement, which generates a positive flow of EUR 1.6 million, as opposed to a negative flow of EUR -26.2 million in 2023. Apart from the impact of the downsizing of the revenues, the degrowth, let's say, of the revenues, this strong improvement of the variation of the working capital requirement reflects the changing profile of the business activities of the group and also the increased attention paid to cash generation with a favorable trend in terms of DSOs and advanced payment flows.
We should also note that this development integrates a substantial reduction of factoring, EUR -40.5 million, linked to the reduction in the volume of receivables in France and also the growth of Germany, where payment conditions are favorable. Also, our CapEx remains under control with EUR -18 million. That is 1.8% of the revenues. That also is in line with our normative levels. After taking account of the payments of the IFRS 16 leases for EUR -34.3 million, the free cash flow, the net free cash flow reflecting an exhaustive operational cash flow, stands at EUR 5.9 million, as opposed to EUR -17 million the previous year. This return into positive ground is an important step for the group, and it reflects the improvement of our profitability, bolstered financial discipline, and also the positive impact of the changing profile of our business lines.
On the 31st of December 2024, our gross cash position stands at EUR 96.3 million, as opposed to EUR 118.2 million at the end of 2023. Once again, this development takes account of a strong reduction of the factoring done, as I've just mentioned, going from EUR 109 million at the end of 2023 down to EUR 68.7 million at the end of 2024. That's a drop of more than EUR 40 million. Apart from the net free cash flow generated in the fiscal year, the development of our cash position can be explained also by the following items: the impact of acquisitions, - EUR 3.6 million, most of it due to earnouts in respect of acquisitions made in previous years. Also, financing flows. We, in particular, paid back in net terms EUR 14.3 million worth of bank debt, and we paid EUR 6.9 million worth of interest.
Finally, the Forex effect represents a net cash out of EUR 1.1 million. Our cash position remains, therefore, very sound at the end of 2024. Concerning the debt of the group, the debt was fully refinanced successfully in November of 2024. We obtained new financing of EUR 120 million with a consortium of, excuse me, of eight banking partners. This refinancing enables us to bolster the financial base of the group and lengthen the maturity of our debt to seven years. It covers all of our financing requirements for the coming years at conditions that are similar to those we had in our previous debt. Just to round it off, I'd like to talk about the balance sheet of Solutions[Foreign language] at the end of 2024. Our financial structure remains very sound because it allies strong liquidity with an almost zero net financial debt.
This position is especially sound, as I was saying, we've substantially brought down our use of factoring. If it had remained constant, we would have a net cash position that would be largely in excess, largely in surplus of about EUR 40 million at the end of 2024. If we are to take account also of the EUR 68.8 million of IFRS 16 debt, mainly connected with the leases that our group pays for our vehicle fleet and our premises, and also EUR 4.1 million concerning the earnouts and put options, the total IFRS net debt of the group stands at EUR 73.8 million, slightly down compared with the previous year. It represents hardly a multiple of one of the EBITDA, the adjusted EBITDA of the group, and this is a very low level, of course. That completes my presentation of the 2024 accounts.
I'll now talk to you about our statutory auditor. Our approved statutory auditor certified our consolidated and statutory accounts of Solutions 30 in an unqualified manner, following the different procedures that had to be conducted, of course, as per the rules and standards that are enforceable. The auditor's reports are available, of course, on the website of the group and also in the 2024 annual report of the group. It's proposed to this AGM that you should renew the term of office of PKF as an approved statutory auditor for a new period of one year. Let's now look at CSR, Corporate Social Responsibility, which is a key area that we continue to make progress on in 2024. In 2024, we made concrete progress in respect of several strands of our CSR strategy. We updated our double materiality assessment in line with the requirements of the CSRD.
This work enabled us to bolster the impact strand of our process, our approach, and also it acted as a basis for the revision of our CSR strategy. There is a new online training module on ESG challenges that was deployed with all of our employees so as to foster an awareness, buy-in, and internal alignment around our sustainability objectives. When it comes to the climate, we improved the quality of our carbon data with the support of a specialized office, with a view to formalizing reduction objectives that will be aligned with the SBTI. We also prepared our annual report in compliance with the CSRD, anticipating the future reporting obligations and bolstering the transparency of the process we use.
Finally, we're setting up this year a new tool for evaluating compliance risks so as to bolster our selection process of new subcontractors for the group, with a particular focus on cybersecurity and regulatory compliance. You can see now on this slide our concrete and quantified results in terms of CSR in 2024. Concerning the environment, we reduced our greenhouse gas emissions with an absolute drop of -8.3% in scopes one and two, and a drop in the corresponding intensity of 2.7%. Our activities aligned to the green taxonomy of the European Union also progressed, representing 11.4% of our revenues, as opposed to 8% in the previous year in 2023. This growth reflects the growth of our activities in the solar energy area and also services connected with electric mobility.
Concerning social matters, our severity rate went down to 0.65 in 2024, pursuing a favorable trend that we started seeing in 2021. Continuing training, of course, is always important, and training for us is playing a structuring role with 29.4, sorry, hours of training per employee on average in 2024. That's 6.5% more than 2023. Finally, in terms of governance, 97% of the active subcontractors are now listed on my Supplace, which is our management tool that we use for managing our partners. To round it off, I'd like to share with you our objectives in terms of CSR for 2025. Concerning the environment, we're aiming at a drop of 8.8% of our carbon intensity for scopes one and two, and we want to bring to at least 13.5% the portion of our revenues aligned to the European taxonomy.
Concerning the social dimension, our main priorities are to maintain an accident severity rate that will be less than 0.65. We want to provide at least 25 hours of training per employee, and we want to aim at 25% of women in managerial posts throughout the group. Finally, in terms of governance, we're aiming at at least 95% of subcontractors that will be managed via our platform, which we call mySupplace . I'd like to recall that these ESG indicators are integrated into the assessment and the variable compensation of all of the business managers of the group. That completes my presentation. I'll give the floor back now to Gianbeppi for the outlook.
Thank you, Amaury. As you've understood, I'm sure our increased selectivity strategy has started to bear fruit, started to bear fruit already in 2024, and in the coming years, we're going to continue granting special importance to margins compared with volumes in our most mature markets while continuing to develop in our market segments that are the most attractive. In 2024, we also pursued a lot of transformations that is in our business portfolio and in our organization. This work remains to be completed, of course, in 2025, but nonetheless, we started this year and continue to go through this year on sound basis with renewed confidence in the fundamentals of the group. As you know, in September 2024, we held a Capital Markets Day and Investor Day, at which we presented our 2026 roadmap and also a certain number of financial objectives and guidance.
We would like to now reiterate here today before you all of those objectives, all of that guidance that we gave at that point that I'll now detail out. In Benelux, the market potential remains intact in spite of the delays incurred temporarily in 2024, and fiber deployment is still in the early stages in Belgium. Given the massive CapEx to be done for the modernization of the power grid in the whole of the region, we see there are substantial opportunities in that particular market. We're quite confident in our ability to go back to our growth pathway in the Benelux area in the course of this year, 2025, in France. The energy segment is really buoyant, very promising, and we have become a key partner for our clients in that area.
Our revenues in that space should triple compared with 2023 and achieve a level of EUR 150 million in 2026. In connectivity, the group is working on the stabilization of its activity. It's a market segment that is now mature. In Germany, where the market dynamic is excellent in the areas of connectivity and energy, we're aiming at a first milestone in 2026 with revenues that should stand at somewhere between EUR 150 million and EUR 200 million, representing a tripling compared with 2023. This country should then continue to grow faster than the rest of the group. In the rest of Europe, we've adopted a differentiated approach, country by country, the objectives being to maintain profitable growth in Poland, to continue to improve the performance in the U.K., and to get back to positive margins in Italy and Spain by 2026. Our progress to date is indeed encouraging.
Concerning the margins, we're aiming at achieving 2026 an adjusted EBITDA margin greater than 10% in our three main geographies. That's Benelux, France, and Germany. Also, we'll be continuing to devote particular attention to cash generation. We've got to be attentive to all opportunities for bolt-on acquisitions that could enrich our value proposition and will be, of course, taking care of our balance sheet, making sure it remains sound at all times. Finally, CSR would remain a strong commitment going forward for the group too. At this point, I'll give the floor to Thomas Kremer, who is the Chairman of our Supervisory Board, and he will give you an update on group governance.
Thank you, Gianbeppi. Ladies and gentlemen, dear shareholders, good morning. I'm Thomas Kremer, Chairman of the Supervisory Board of Solutions 30 since November 2024 and an independent member since 2022. On behalf of the board, I'd like to thank, I'd like to talk with you about the governance of your group and the work the board carried out in 2024. The governance of Solutions 30 is based on a dual organization with a Supervisory Board and an Executive Board. This mode of governance enables the group to be agile and responsive in its decision-making. The Supervisory Board remained unchanged in 2024. It continues to comprise seven members, all of which are independent, including three women. Nevertheless, during 2024, the Supervisory Board took the following decisions regarding its composition, resignation of Mr.
Alexander Sator as chair while remaining a member of the board and chairman of the Nominations and Remuneration Committee, my appointment as chairman of the board, resignation of Yves Kerveillant as chair of the Audit Risks and Compliance Committee, but remains a member, appointment of Pascale Mourvillier as chairman of this committee, and finally, in the first quarter of 2025, Ms. Paola Bruno was appointed as vice chairwoman of the board. All of these decisions are based on recommendations from the Appointments and Remuneration Committee. Ladies and gentlemen, the Supervisory Board includes three specialized committees: the Nominations and Remuneration Committee, the Audit Risks and Compliance Committee, and the Strategy and ESG Committee. The Supervisory Board and its committees met 26 times in 2024, or four more meetings than in 2023. The attendance rate was 100% for the Supervisory Board and all of its committees.
This testifies to our strong commitment to the group. Also, in 2024, the Supervisory Board remained characterized by its diversity, with 43% women in line with the European Women on Board directive. Its total independence, its skills, and its international outlook with four nationalities represented. The members bring a wide range of skills covering the group's businesses, human capital, finance, audit, mergers and acquisitions, ESG, and internal control, all of which are assets. What concrete actions have been taken in 2024? The Supervisory Board met eight times in 2024 with an attendance rate of 100%. This slide shows the main topics dealt with by the Board in 2024, the details of which, as always, are given in the annual report.
I will mention once again this year, we have ensured that the group's corporate governance remains of the highest quality and in line with the best standards, notably by making the changes to the board and its committees that I have just described. In previous years, as in previous years, we played an active part in the group's strategic thinking as part of the discussions on the four-year business plan. For example, we clearly support the development of the energy segment and the selective strategy, giving priority to margins and cash generation. We have reviewed and approved the group's new long-term incentive plan, ensuring that the interests of management and shareholders are aligned. During 2024, the Supervisory Board held two meetings without the Executive Board being present, and the Audit Risks and Compliance Committee held one meeting with the statutory auditors without the Executive Board being present.
These meetings enable the Supervisory Board to make an independent assessment of management performance and to discuss strategic issues and make recommendations. This is an ongoing practice that we intend to maintain. Let us now turn to the work of the group's three specialized committees. Their role is to assist the Supervisory Board in preparing its decisions on specific issues. In 2024, 18 specialized committee meetings were held with attendance rates of 100% each time. This demonstrates the members' commitment to the group's governance and development. The Nominations and Remuneration Committee met five times under the chairmanship of Alexander Sator. In particular, it worked on strengthening the skills of the Supervisory and Executive Boards. It also worked on compensation issues, in particular the long-term incentive term.
The Audit Risks and Compliance Committee met nine times, eight times under the chairmanship of Yves Kerveillant, and one time under the chairmanship of Pascale Mourvillier. Here again, the attendance rate was 100%. As in previous years, the committee reviewed the group's accounts, auditing, compliance, and financial communication processes. The committee particularly supported the executive board in making the process of drawing up the consolidated financial statements more efficient. In 2024, the committee supported the group in setting up an internal audit department, which strengthened its control and risk management system. Exchanges with the PKF auditor were regular, trustworthy, and efficient. Finally, the Strategy and ESG Committee met four times under the chairmanship of Jean-Paul Cottet, again with an attendance rate of 100%.
In 2024, it worked on a number of key issues, including the following: commercial activities and markets, in particular the development of the energy segment, the analysis of potential acquisition targets, and a review of strategy and the business plan, and of course, monitoring ESG initiatives and integrating them into Solutions 30's overall strategy. We will now turn to the remuneration of the Supervisory Board on which you are asked to vote. This remuneration for 2024 results from the strict application of the remuneration policy approved by the General Shareholders' Meeting on June 16, 2022. This policy links members' remuneration to their effective participation in board and committee meetings. This results in a variable portion, which totaled EUR 177,000 for 2024. This includes the fixed portion of EUR 270,000. The Supervisory Board's total remuneration for 2024 amounted to EUR 447,000.
Let's move on to the remuneration of the Executive Board, which comprises, as a reminder, four members. The purpose of this remuneration is to align the interests of group executives with those of the company and its shareholders. The remuneration report, including the remuneration of the Executive Board, is subject to a consultative vote by shareholders. There are currently three components to the compensation of Executive Board members. First of all, an annual base salary, which varies according to the role and responsibilities of each member. In 2024, this amounted to a total of EUR 1,365,821. There was no reevaluation in 2024. The 5.6% increase over 2023 reflects the full year effect of the reevaluations decided at the end of 2023. Second point, variable remuneration based on formal and demanding targets defined by the Supervisory Board on the recommendation of the Appointments and Remuneration Committee.
These targets cover sales, included adjusted EBITDA, cash flow, and CSR indicators. In 2024, 55.81% of variable compensation was awarded. This is less than in 2023, when the allocation rate stood at 98.25%. All CSR indicator targets were met in 2024. With regard to quantitative targets, adjusted EBITDA was partially achieved. Free cash flow was achieved and exceeded, but sales were not. This reflects the selective strategy implemented by the group in 2024, which involved giving greater priority to margins and cash generation rather than sales growth. The principles for calculating variable compensation for 2024 remain unchanged from that of 2023. In particular, the variable portion remains capped at 50% of fixed compensation. The compensation of the Managing Board includes a third pillar, the LTIP, or Long-Term Incentive Plan. The plan was approved by shareholders in 2024 and implemented in the first half of this year.
The Supervisory Board has agreed to revise this type of instrument used under this plan for the Management Board and the Executive Committee and has decided to replace the certificates initially planned with a standard stock option instrument. In addition, the Board decided to modify the applicable performance period so that it covers 2025 - 2027 and not 2024 - 2026 as initially planned. Lastly, I would like to point out that the fundamental principles of the LTIP, such as the three-year performance period and performance targets and dilution, remain unchanged and in line with what was approved by shareholders in 2024. As is the case every year, you will find full details in the group's annual report. Ladies and gentlemen, a few thoughts about the Supervisory Board members. As you know, the term of office of Caroline Tissot and Jean-Paul Cottet are coming to an end.
I would like to thank them most sincerely for their commitment and the quality of their contribution to the Supervisory Board. Thank you, Caroline and Jean-Paul. We propose that the group's shareholders reelect Pascale Mourvillier. This new term of office is for a period of four years. Ms. Mourvillier is Chairman of the Audit Risks and Compliance Committee. I would like to point out that since 2021, she has performed an exemplary job in the service of the group. We are also proposing two new appointments to the Supervisory Board. The first concerns Mr. Olivier Domergue. Olivier is 56 years old, an engineer and is a graduate of the Ponts-et-Chaussées Engineering School. He has over 30 years' experience in construction and energy.
He worked for Bouygues and SPIE, where he headed SPIE Nuclear Division and then SPIE for all of France, a group with 18,500 employees and posting sales of EUR 2.9 billion. He is an expert in transformation and operational performance, with a proven ability to improve the profitability of the scope of activities that he managed. Since 2025, he has been Executive Vice President of the FIVES Group, in charge of human resources, performance, and nuclear. We propose his appointment for a four-year term until the Annual General Meeting called to approve the 2028 financial statements. The second proposal concerns Mrs. Maria Zesch. She is 52 years old and holds a degree in business sciences from the University of Vienna. She has over 15 years' experience in management positions, including stints at Deutsche Telekom, Magenta Telekom, and as CEO of TAKKT AG.
She's a specialist in digital transformation, growth, and innovation. She sits on the boards of several European companies. In 2025, she became senior advisor at Arthur D. Little. We propose that she be appointed from October 1st, 2025, to take account of current professional commitments until the Annual General Meeting called to approve the 2028 financial statements. [Foreign language].
These two profiles will bolster the skill sets of our board, and they will bring to bear to the board very valuable expertise to support your group's development. Subject to the approval of these appointments by our shareholders, the Supervisory Board will then be composed of seven members, all independent ones. This composition will enable us once again to satisfy the requirements of the European directive that's called Women on Board, with female representation of 43% within the board.
To round it off, I'd like to go back briefly to the key points regarding the transformation that Solutions 30 has been conducting in terms of its governance, the management of risk and compliance, also since it entered the regulated market. The fact is there have been many developments, but they particularly concern the following points: the coming into compliance with the IFRS accounting standards, the development of our procedures and tools for planning and audit. In this respect, the group in 2024 set up an internal audit department dedicated to the additional verification of the internal controls and compliance within the group. Also, we conducted the reinforcement of the internal control arrangements with a common framework deployed in all of the subsidiaries.
We set up a rigorous process for monitoring transactions with related parties throughout the group, group-wide, within particular the setting up of a systematic verification process for third parties. That is what we call TPDD, Third Party Due Diligence. There are nearly 4,000 third parties that have been verified via the TPDD in 2024 alone. Concerning the remuneration of the senior managers and corporate officers, we are in line with the demanding standards and practices in terms of the mode of determination, validation, and transparency in these matters. Finally, the group set up a very strong compliance structure with compliance officers in each country, supervised directly by the Group Risk and Compliance Department. This concludes my presentation of the main highlights regarding governance in your group in 2024.
On behalf of all of the members of the board, the Supervisory Board, I'd like to reassert the confidence that we place in the management team of your company and more widely in all of the employees of Solutions [Foreign language], whom we can trust to continue developing this group in the best interests of all of its stakeholders. Ladies and gentlemen, I'd like to thank you for your attention, and we will now, I think, move into the question and answer session. Thank you. Thank you, Thomas. Ladies and gentlemen, we didn't receive any written questions prior to the AGM. Therefore, I suggest that we should, at this point, take the questions that people may like to ask here in the room. Ladies and gentlemen, the floor is yours for questions. Hello, can you hear me? Yes. I'd like just to make a comment and then ask a question.
Do you think we're moving into the last lap in terms of technology in France? You seem to have a distribution strategy also that's different in different countries, and I'd like to know if that's correct or not. Your distribution strategy seems to be quite different to me. That's the question. Thank you for these points. I'd say in a broader way that, what's our business line? Our business line is to provide services to companies that have technology, that own technology, that need to deploy that technology and need to supply assistance to their customers. In technology, there's a kind of a cycle. You know, it's a bell shape, a bell curve, bell-shaped curve. The startup ramping up, and then it goes down. It's a bell shape, and that holds true in technology.
Now, for DSL and ADSL, of course, that was deployed, as you know, in France as of the 1980s or so. It was deployed everywhere in the country, and, you know, it gave good service, but after 40 years, it's time to retire it and move on to the next technology, which is the next generation technology, is of course fiber. We've been working on this since about 2018 in France, deploying fiber. Now, fiber has entered, let's say, 60% of French homes at this point. There's work still to be done to connect up everybody. That will be done. After that, as was the case for DSL and then for fiber too, of course, there'll be maintenance to be done. There'll be new constructions, people moving house.
There'll always be work to do in that space, but we've got to, at the same time, decommission the copper network, knowing that copper was the physical medium used for DSL to be brought to people's homes. Copper is an expensive item, so that's a lot of decommissioning work that will be staggered over many years. That'll be a wave too. It won't be setting up a technology, but decommissioning, dismantling a technology, but there'll be a lot of CapEx to be done to dismantle that. We'll be continuing in that space in telecoms and in other areas. It's not the end of telecoms. We'll have to finish off with fiber, then do the maintenance, and then take care of the new technologies that will come in later on. For example, there's one area where we've won some contracts already.
You've read in the newspapers, perhaps, that there are lots of American companies, state-of-the-art companies. I won't mention any names, but you know who I'm talking about, that have put in orbit satellites, low Earth orbit satellites, and therefore the internet signal can be sent out everywhere via satellite and at good cost conditions. In terms of reception, you need just a small satellite dish, much smaller than your usual TV satellite dish. That is starting to be deployed in Europe now, and that'll be a good complement to fiber because in certain rural areas, you'll never be able to bring fiber to people's homes, into each and every farm, for example. It can be done with satellites. All this boils down to saying that there will always be waves in telecoms and new technologies coming in.
What's important for us is indeed to avoid being positioned in just one of those waves. There's a start and, you know, a nice time in the middle, but then it's all over. We want to be in several countries, be positioned in different technologies, in telecoms, in energy and technology, different sorts, and be in different geographies and different sectors that have different degrees of maturity so we can then be part of these different waves at different times and diversify our revenues in the group. That's the idea. It's something that underpins our strategy. The person is asking a question without a microphone, so the interpreters can't hear, unfortunately. Sorry about that.
There are things I can't talk about yet, but recent developments, but there is business, there are contracts, contracts already signed that consist of deploying that technology, that internet technology in certain parts of Europe. It'll take time, of course, because it's an infrastructure. I mean, copper is an infrastructure. Fiber optics are an infrastructure. Satellites is a whole set of infrastructures. You have to deploy the technology associated with those infrastructures so people can get to use them. It usually takes several years or several decades even in certain cases. They're not the longest waves. The longest waves are in energy, in the energy industry. You've seen what happened in Spain, where there was a total blackout in the country. Everything came to a halt. There was no power, no electricity.
Now, the idea is you've got to beef up a power distribution grid nationwide, and that takes tens of years to do that. We're well positioned in that kind of business area, knowing that the different European countries are all investing in avoiding the scenario that took place in Spain. I mean, when you've got so many people, millions of people who can't live, I mean, they find it hard to live without electricity these days, and they can't do anything for a couple of days when there's a total blackout. Everybody else wants to avoid that in other countries. Somebody else with a question? Yes. I've noticed for the revenues for France and Germany that you want to double or even triple the figures. Now, have you done some forecasting of the margins you want to generate? You've talked about revenues for France and Germany.
What about the margins? Have you computed the future margins you hope to generate in France and Germany, gross and net? Because our job is complementary to yours. We've got to produce a future stock price for 2025, 2026, and 2027. That's our role, and we need those figures. Yes, of course. Yeah, I know what you mean. Indeed, we have given guidance for 2026 on the basis of certain parts of our business where we focus in particular for two or three years. Now, there are two main ones. Firstly, Germany. In Germany, there's one of the waves I mentioned a while ago that is fiber, fiber plan being rolled out. It's been rolled out. It will take some decades to complete. What we said was that we're going to triple the revenues in Germany between 2024 and 2026.
When we get into 2026, the EBITDA margin will be in double digits. We have given you that indication there for about the margin we hope to achieve there. 10%. We said it would be EUR 150 million-EUR 200 million revenues in Germany in 2026. So 2026, EUR 150 million-EUR 200 million of revenues with an EBITDA margin of 10% or more. We have stated that already. Now, for energy in France, we told you compared to 2023, we are going to multiply it by three by 2026 so that energy activity will triple. It is true we did not give you the margin for that energy portion of the business. We gave you the general margin for France, saying that France by 2026 should also have an EBITDA margin in double digits, more than 10% therefore.
It is not quite what you want, I know, but it is another way of saying to you if the average for France in terms of EBITDA margin is at 10% with the energy portion that is gaining in importance, the energy should generate better margins than the rest of the businesses. We did not want to, I mean, we just wanted to indicate trends, groundswell trends. The person is making a comment without a microphone. Sorry. Our role is to, you know, calculate the stock price and make the stock price. Yes, but we said we have got three big geographies: France, Germany, and Benelux. The three in 2026 will be a 10% margin on average. You know, 80% of the revenues of the group will be at 10% of EBITDA margin. I mean, that gives you the numbers, I think, pretty well. Thank you for asking those questions.
Are there other questions? Seemingly not. Looks like we've actually answered all the questions and we've made all of our presentations too, so we can close the Q&A session. Now we will give you some explanations about the formalities and the poll that we'll organize on the resolutions. I've been informed also that given the attendance sheet that was filled in by shareholders attending this meeting, we have 702 shareholders represented, representing 22,261,727 shares today. Also, an Annual General Meeting requires no quorum in terms of attendance, as you know, so that we can say that we are acting validly and we can hold the poll on the resolutions concerning items 2-9 , inclusive of our agenda, irrespective of the number of shareholders present and the number of shares represented.
Resolutions relating to items 2-9 will be adopted on a simple, straight majority of the votes validly cast by the shareholders represented. Each share carries one voting right. We shall therefore now put to the vote the resolutions on our agenda, and I'll give the floor back to Maître Degey.
Thank you, Mr. Chair. As the Chair indicated, we're moving on to voting for the resolution. The first resolution is the following: Approval of the company's financial statements for the year ended December 31st, 2024. Having considered the management board's report, the auditor's report, and the supervisory board's observations, the Annual General Meeting approves the financial statements for the year ended 31st December 2024 in their entirety, showing a net loss of EUR -11,310,744.96. You may now vote. The vote is closed.
The second resolution concerns the approval of the consolidated financial statements for the year ended December 31st, 2024. Having considered that the Management Board's report, the report of the Réviseur d'Entreprise Agréé, the statutory auditor, and the observations of the Supervisory Board, the Annual General Meeting approves this consolidated financial statements for the year ended December 31st, 2024 in their entirety, showing a consolidated net loss of EUR -15,794,351. The vote is open. The vote is closed. The third resolution concerns the appropriation of earnings. The Annual General Meeting notes a net loss of EUR -11,310,744.96, with a breakdown as follows- loss in the current EUR 11,310,744.96, results carried over EUR 133,846,265.99, other available reserves EUR 122,535,520.93, the results to designate and redistribute EUR -11,310,744.96, affecting reserve for EUR 11,310,744.96, and reserve distributed available after distribution EUR 122,535,520.93, and remuneration of members of the Supervisory Board EUR 447,000.
I invite you to vote. The vote is closed. Discharge to be granted to members of the management and Supervisory Boards. The Annual General Meeting resolves to grant discharge to the members of the executive board and the members of the Supervisory Board in respect of the performance of their duties for the year ended December 31st, 2024. The vote is open. The vote is closed. The fifth, sixth, and seventh resolutions concern the approval of the non-renewal of the terms of office of Supervisory Board members, the reelection of Supervisory Board members, and the appointment of new Supervisory Board members. The Annual General Meeting notes that the terms of office of Caroline Tissot and Jean-Paul Cottet have expired. The fifth resolution concerns the appointment of Mrs. Pascale Mourvillier. The resolution reads as follows: This resolves to reappoint Mrs.
Pascale Mourvillier as a member of the company's Supervisory Board for a four-year term expiring on the date of the Annual General Meeting called to approve the financial statements for the year ending December 31st, 2028. The vote is open. The vote is closed. Move on to the sixth resolution, which concerns the appointment of Mr. Olivier Domergue. The Annual General Meeting resolves to appoint Mr. Olivier Domergue as a member of the company's Supervisory Board for a four-year term expiring on the date of the Annual General Meeting called to approve the financial statements for the year ending 31st of December, 2028. The vote is open. The vote is closed. The seventh resolution now concerns Maria Zesch. The Annual General Meeting resolves to appoint Mrs.
Zesch as a new member of the company's Supervisory Board with effect from October 1, 2025, and for a term ending on the date of the Annual General Meeting called to approve financial statements for the year ending December 31st, 2028. The vote is open. The vote is closed. Move on to the eighth resolution, which concerns the approval of the reappointment of PKF Audit et Conseil SARL as statutory auditors until the Annual General Meeting called to approve the financial statements for the year ended December 31st, 2025. Having its registered office at 76 Avenue de la Liberté, Luxembourg, and registered within the Luxembourg Trade and Companies Register under identification number B2222.994 as the company's statutory auditors until the Annual General Meeting called to approve the financial statements for the year ending December 31st, 2025. The vote is open. The vote is closed.
Ninth resolution: The appointment of an approved statutory auditor on the sustainability report in the event that the Luxembourg legislator, in transposing the CSRD Directive 2022-2464 dated December 14, 2022, should require the explicit appointment by the general meeting of shareholders of an approved auditor to provide the assurance opinion on the sustainability report included in the management report for the financial year 2025, the Annual General Meeting in this case resolves to appoint PKF Audit et Conseil SARL, who we mentioned before, whose registered office at 76.
However, should such an appointment not be required by Luxembourg transposition legislation, or should a flexibility solution be chosen, in this case, the Annual General Meeting will, as far as possible, delegate to the Executive Board the power to appoint the statutory auditor to provide the assurance opinion on the sustainability report with possible ratification by the next general meeting of shareholders depending on the legislative solution chosen. The vote is open. The vote is closed. Now, the tenth and eleventh resolutions concern the submission of the compensation report for consultation, opinion, and approval of the remuneration of the Supervisory Board. The tenth resolution is the General Assembly resolves by a means of consultative vote to approve the company's remuneration report for fiscal year 2024. The vote is open. The vote is closed.
Lastly, the eleventh resolution, in view of the third resolution allocating a total remuneration for the Supervisory Board for the 2024 financial year of EUR 447,000, the Annual General Meeting approves the following annual tantiem per Supervisory Board member of the 2024 financial year. As you can see in the table below, Mr. Thomas Kremer, President of the Supervisory Board, EUR 68,747; Paola Bruno, Vice Chair of the Supervisory Board, EUR 58,500; Alexander Sator, member of the Supervisory Board and former president of the Supervisory , EUR 74,253; Mrs. Pascale Mourvillier, member of the Supervisory Board, EUR 67,062; Mr. Yves Kerveillant, member of the Supervisory Board and former Chair of the Audit Risks and Compliance Committee, amount of EUR 72,438; Mrs. Caroline Tissot, member of the Supervisory Board, amount of EUR 51,000; Mr. Jean-Paul Cottet, member of the Supervisory Board, an amount of EUR 55,000 for a total of EUR 447,000.
The vote is open. The vote is closed. I will hand over to you, Mr. Chair. Thank you, Pierre-Alexandre. We're going to take a short pause so we can do the calculations. We'll be back in 10 minutes, a quarter of an hour, to announce the results. Thank you. I think it's my turn. Thank you. Thank you, Mr. Chair. We proceeded with counting the votes and give you the result of the votes. For the first resolution concerning the approval of annual accounts for the exercise on 31st of December 2024, we have a total of 21,933,372 shares for and against 294,104. Resolution is adopted by a majority vote. The second resolution had to do with approval of consolidated accounts. The total number for of 21,930,062 and against 251,350. The resolution is carried by a majority.
The third resolution concerning the assignment of results and total votes for were 21,875,994 for, 366,964 against. The vote is carried. The fourth resolution concerning the discharge given to the members of the Management Board and totaling an amount of 20,925,138 for, 501,501 against, carried as well. The fifth resolution concerning the reappointment of Pascale Mourvillier, total for 21,558,474 for, 581 against. The sixth resolution, the total concerning Mr. Olivier Domergue, the appointment of Mr. Olivier Domergue, the total of 21,660,960 votes for, 460,642 against. It is carried. The seventh resolution concerning the appointment of Maria Zesch for totaled 21,797,878 votes for, 517,015 against. It is carried. The eighth resolution concerning the renewal of the term of PKF Audit et Conseil SARL for was 21,666,253 votes for, 311,990 against. The resolution is carried.
The ninth resolution concerning the appointment of the statutory auditors for the assurance on sustainability report totaled 21,845,625 for, 164,848 against. It is carried. Lastly, concerning the 10th and 11th resolutions, the 10th resolution concerning the approval for the remuneration report of the company for an amount of 21,375,589 for, 748,648 against. The resolution is carried. The 11th resolution concerning the total amount of remuneration of the Supervisory Board, 21,293,743 for, 986,004 against. The resolution is carried. Mr. Chair, the floor is yours. Thank you, Pierre-Alexandre. To conclude this General Assembly, I wish to warmly thank all of the shareholders from Solutions 30, as well as our teams, our clients, and our partners for their commitment and the trust they have given us. In particular, to our Supervisory Board, between the meetings of the Supervisory Board and Committees, they met 26 times in 2024 with a 100% participation rate.
I'd like to thank them for their commitment. I'd like to thank particularly Thomas for his French. Most of our shareholders are French. Thomas made the effort to speak in French. I know it wasn't easy. I'd like to thank the shareholders who made the effort to come and visit us. It's not the first time we've seen some of you all. Thank you so much for participating and your support. With more than 20 years of experience, the group has demonstrated its ability to support major technological changes and enable their rapid deployment in the heart of the regions by replicating a business model that has proven at every step, it has proven to be effective and value-creating for our customers. It's against this backdrop that the changes currently underway are taking place.
While some of our markets that have driven our growth in recent years have reached maturity, we are now rebalancing our activities both geographically and by sector, as I explained earlier. In this context, we have chosen to give greater priority to improving our operating margins and cash generation. The first benefits of the strategy are now clearly visible. We intend to continue on this path in 2025. On behalf of the entire Solutions 30 team, I would like to reaffirm our confidence and our enthusiasm in the group's long-term prospects. Thank you.