Societe Generale SA (FRA:SGE)
€ 25 0.34 (1.38%) Market Cap: 19.99 Bil Enterprise Value: 9.62 Bil PE Ratio: 8.52 PB Ratio: 0.31 GF Score: 70/100
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Societe Generale SA Annual Shareholders Meeting Transcript

May 23, 2023 / 02:00PM GMT
Unidentified Company Representative

Ladies and gentlemen, dear shareholders. I am delighted to welcome you to this year's Annual General Meeting. It's a very important moment for the company and for shareholders.

For the first reason, of course, is the management transition that was announced last year. Frederic Oudea shall be finishing his term of office CEO. And if you follow the Board's recommendation, Slawomir Krupa will be replacing him, of course highly emotional moment because a new generation is the taking over.

The second reason is the group's strategic transformation in 2022 and 2023. Let me revoke (inaudible) Société Générale merger, which has now become reality, the acquisition of lease plan by ALD, creating a global mobility leader in the acquisition of the LeasePlan team, which will be a global leader in market research or (inaudible), which has reached 5 million customers and in 2022, a withdrawal from Russia.

Third reason, the economic and (inaudible) circumstance to 2022, the central banks have deeply modified the interest rate environment. The economic prospects

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