EURAZEO_REGISTRATION_DOCUMENT_2017
Message of the Chairman of the Supervisory Board PRESENTATION OF THE GROUP
1
“ In these early days of 2018, the business world is thriving. Predictions over the past several years that China would fall and that India’s sharp growth would cease have not held true. Brazil is fairing much better in the aftermath of its crisis. The United States is experiencing real prosperity, with a return to full employment coupled with great optimism. Finally, Europe’s hopes of reconstruction have been revived, following a political shift in France and a healthy economic climate. France’s position has undergone remarkable change, particularly when viewed from abroad. President Macron’s election has created a situation deemed as a decisive step towards a revival. In this context, Eurazeo delivered an excellent performance in 2017, with the growth of virtually all its investments surpassing the national average. Our company has furthered its transformation. It has expanded by combining its private equity investment model with fund management. We have scaled up in terms of our investments and geographical coverage thanks to our alliance with Rhône and Idinvest. And as is the case with all our transformations, this change represents another challenge that we will strive to overcome. The other major event in 2017 was JCDecaux Holding’s investment in our company. The Decaux family shares our vision as an investor and, like all shareholders, is keen to see our company succeed. This merger bolsters our operations and provides a solid foundation for the long term. All these strategic initiatives have added to our company’s robustness, as illustrated by the confidence shown by the Board, which proposed an ordinary dividend of €1.25 per share, in addition to a one-for-20 bonus share issue. This year marks a new chapter in Eurazeo’s history with the announced change in governance. I wish to extend my heartfelt thanks to Patrick Sayer who is stepping down as Chief Executive Officer. Together, we have furthered Eurazeo’s development over the past 16 years, in a spirit of mutual understanding. I am delighted that Virginie Morgon has been appointed as Eurazeo CEO. I have known her for over 25 years and she has contributed extensively to the company’s development these past ten years. A seasoned and fully committed strategist, she has acquired a thorough knowledge of Eurazeo’s business over the last decade. I have faith in her success as does the market. „
Michel David-Weill, Chairman of the Supervisory Board
Eurazeo
2017 Registration document
5
Made with FlippingBook - Online catalogs