Dominion, a comprehensive services and projects company, has introduced its new Strategic plan till 2026 Investors and Analysts in you capital market day Held this morning in Madrid.
A plan that the company presents this year to ensure “high visibility of compliance with the previous plan and the changes that have taken place in our business since the last one was formulated” Mikel Barandiaran, CEO, The company is expected to reach EBITDA approx 150 million Euro And a Generated operating cash of over EUR 70 million in 2023, and has announced annual growth targets of 7% and 9%, respectively, from 2024 for both dimensions.
In compliance with the previous plan added “uncertainty and new market trends – marked by the energy, industrial and digital transition – and the need to simplify how we move our activity so that the stock market reflects the value of our company” .
For this reason the company wanted with the presentation of the new strategic plan simple su equity story“Insisting on the essence of who we are and what we want to be, a facilitator of the transition towards a more sustainable economy through our services and projects” explained Barandiyaran.
Within the 360 approach that they apply to their projects, they include financing solutions that protect industry margins and allow for a long-term relationship with our customers. Taking a minority stake in renewable and social impact infrastructure grew out of this activity: “We have already done this on other occasions: relying on bilateral organizations or, in the case of developing hospitals, obtaining a concessional stake that allowed us to maximize has allowed control over projects and being able to ensure the provision of operation and maintenance services over a longer period”.
refering to sustainability, has been very present in the company’s new strategic plan. The Dominion has already doubled its eligibility with 32% of its activity in line with the European classification and aims to make almost all of its activity sustainable as 6 taxonomic objectives have been developed. “At Dominion we understand sustainability as long-term efficiency, so its inclusion does not mean a sea change, but a natural evolution of what we are doing” assures Barandiyaran.
Turnover of 281 million euros in the first quarter 23
On April 27, Dominion reported first quarter results in two main segments: 360 Projects, including the development of renewable energy and other social infrastructure such as hospitals or electricity and telecommunications networks; And continuous services, which includes all its B2B and B2B2C activity with both companies and end consumers. Furthermore, it also added a new section to report the results of its participation in these infrastructures.
The company has a 7% increase in salesup to 281 million euros, and up 9% in comparable net profit compared to the same period in 2022. his EBITDA 34 million Eurowas up 25%, and its EBIT (or net operating result) was 19 million euros, up 27%.