You are currently viewing Dominion achieves record profit of € 19 million in the first half

Global Dominion closed the first half with a net profit of 19 million euros, its all-time high in this period and 31% higher than the 14.5 million achieved in the same period two years ago.

The company’s turnover between January and June amounted to 503.9 million euros, 19% more than in 2019 and 25% more than the 402.8 million achieved in the same period of the previous year.

The rest of the indicators confirm the recovery of operating leverage with an ebitda of 53 million euros, 30% higher and a net operating profit (ebit) of 29 million euros, 37% more than in 2019.

Dominion CEO Mikel Barandiaran explained that “our model, based on 4Ds – decentralization, diversification, digitization and financial discipline – has allowed us to weather the worst months of the pandemic and return to the path growth in record time. ”

On the other hand, the recovery of its B2B Services segment stands out, one of the most affected by the global containment measures, with a growth of 32% in sales compared to the first half of last year. Sales that are driven especially by the new contracts in the areas of Energy and Industry.

Forecasts

In this context of growth, Dominion continues to improve its forecasts for this year, surpassing the objectives set by its Strategic Plan until 2023. A trend that is consolidated with the greater visibility and enhancement of two strategic areas with great growth potential as They are the Renewable Energies area and the Environmental Services area.

The latter responds to the company’s commitment to improve the sustainability of its clients’ processes, which will continue to increase their size by unifying different internal capacities, as well as the eventual acquisition of other companies in line with the firm’s M&A strategy.

This year the company widely exceeded pre-Covid activity and profitability levels. Thus, the company expects to close the year with double-digit sales growth, an increase in EBITDA of over 10% and an increase in net profit of over 25% compared to 2019.

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