Planisware's AGM: A Transparent Roadmap to Dominance in the Project Economy

Planisware, a leader in SaaS solutions for the Project Economy, is primed to capitalize on its strategic strengths as it approaches its June 19, 2025 Annual General Meeting (AGM). With a robust governance framework, a track record of profitable growth, and upcoming catalysts like shareholder-approved dividends and H1 results, the company presents a compelling opportunity for investors. Here's why now is the time to act.

Governance Transparency: A Foundation of Trust

Planisware's commitment to transparency is evident in its accessible AGM documentation and rigorous regulatory disclosures. Shareholders can easily review key details like the Total Number of Shares and Voting Rights (as of March 31, 2025) and the 2024 Universal Registration Document (URD), which outlines financial results, corporate governance practices, and ESG initiatives. These documents, available on the company's investor relations portal, demonstrate Planisware's adherence to French financial regulations and its proactive engagement with stakeholders.

The company's governance structure further reinforces investor confidence. Three specialized committees—the Audit Committee, Nomination, Remuneration & Governance Committee, and Strategic & ESG Committee—oversee financial integrity, board composition, and long-term strategy. This framework ensures accountability and alignment with shareholder interests.

Shareholder Engagement: Voting Power and Dividend Opportunities

The AGM on June 19 will feature a critical vote on Planisware's proposed €21.4 million dividend, representing 50% of its 2024 profit. This payout underscores the company's strong free cash flow (€54.6M in 2024) and confidence in its financial health. Shareholders holding Planisware SA's registered shares (ISIN: FR001400PFU4) can participate remotely or in person, with voting rights clearly detailed in the Total Shares & Voting Rights Report.

Investors should note that 50.8% of shares are held by institutional investors, signaling broad support for the company's strategy. For retail investors, the upcoming AGM offers a rare chance to influence major decisions while benefiting from a company with a 35.2% EBITDA margin—a testament to its operational efficiency.

Growth Catalysts: Financial Strength and Strategic Momentum

Planisware's FY 2024 results highlight its resilience:
- Revenue grew 17.4% in constant currencies to €183.4M.
- Adjusted EBITDA hit 35.2% of revenue, exceeding its 34% target.
- Free cash flow conversion reached 84.5%, enabling aggressive reinvestment and shareholder returns.

Looking ahead, the Q1 2025 revenue (to be published April 29) and H1 results (July 31) will test management's 2025 targets: mid-to-high teens revenue growth and an 80% cash conversion rate. A strong Q1 could catalyze upward revisions to earnings estimates, while H1 results may reflect the impact of its Gartner Peer Insights Customers' Choice recognition—a seal of approval for its SaaS platform's reliability.

Why Act Now?

• Catalyst-Rich Timeline: The AGM (June 19), Q1 results (April 29), and H1 results (July 31) create a clear path for upside surprises.
• ESG Credibility: Planisware's EcoVadis Gold Medal and decarbonization targets (aligning with Science Based Targets) attract ESG-focused capital.
• Valuation: At 12x 2024 EV/EBITDA, the stock trades below peers like Microsoft (MSFT) and SAP (SAP), offering room for re-rating as growth accelerates.

Conclusion: Positioning Ahead of the AGM

Planisware's AGM isn't just a routine shareholder meeting—it's a pivotal moment to lock in returns from a company at the forefront of the Project Economy. With transparent governance, a shareholder-friendly dividend, and a pipeline of catalysts, the stock is primed for a post-AGM rally. Investors should initiate long positions now, using the €3.5B market cap as a baseline for outsized gains.

Action Items for Investors:
1. Review the 2024 URD and voting rights details ahead of the AGM.
2. Monitor Q1 2025 revenue (April 29) for growth confirmation.
3. Use dips below €40/share (historical support level) as buying opportunities.

The Project Economy is booming, and Planisware is leading the charge. Don't miss your chance to ride this wave.