ISS (ISS) AGM 2026 summary

Opening remarks and agenda

• The meeting opened with safety instructions and acknowledgment of ongoing geopolitical and economic challenges, emphasizing resilience and a people-first culture.

• The agenda included standard AGM items and three board proposals: share capital reduction, technical amendment to articles, and updated remuneration policy.

• The meeting was duly convened with 70% of share capital represented and 99.9% of votes/proxies received, ensuring all proposals would pass.

Financial performance review

• Achieved 9% EPS growth in 2025, with organic growth at 4.3% and operating margin above 5%.

• Free cash flow reached DKK 2.7 billion, with a cash conversion of 64%, slightly ahead of guidance.

• Revenue increased by 1.1%, operating profit by 2%, and return on invested capital was 15.4%.

• Shareholder distribution increased by almost 50% due to ramped-up share buybacks.

• Leverage reduced to 2.3x, and Moody’s upgraded the company’s rating.

Board and executive committee updates

• All eight independent board members were nominated for re-election, with no changes proposed.

• Board evaluation highlighted high performance, with focus areas identified for talent development, industry trends, and AI utilization.

• Remuneration policy was slightly amended to enhance long-term incentives and clarify vesting and performance criteria.