Global Dominion Access (DOM) Q1 2025 earnings summary

Executive summary

• Organic revenue grew 7% at constant currency, exceeding guidance, with strong operational profitability and strategic simplification initiatives.

• New organizational and reporting structure implemented to enhance visibility and comparability, focusing on energy, digital, and environmental transitions.

• Portfolio optimization and divestments in low-margin or non-strategic activities, including SERVE, MINISO, and Coderland, reshaped the business perimeter and improved profitability.

• Net income increased 49% year-over-year on a proforma basis, mainly due to operational improvements and lower financial/tax expenses.

• Strategic Plan 2023-2026 implementation continues, targeting efficiency, sustainability, and long-term value.

Financial highlights

• Turnover was €264.1M, down 7% year-over-year due to divestments and exit from non-strategic activities.

• Organic growth at constant currency was 7%, with EBITDA rising to €35.9M (up 3%), and EBITDA margin improving to 13.6% from 12.3%.

• EBIT reached €19.8M (up 2%), with EBIT margin at 7.5% versus 6.9% last year.

• Net profit reached €9.9M, up 49% year-over-year on a proforma basis; attributable net income was €9.1M, up 25%.

• Financial expenses reduced due to lower interest rates, partially offset by negative FX effects.

Outlook and guidance

• Strategic plan 2023-2026 on track, with further operational improvements and portfolio expansion expected.

• Focus remains on high-growth, sustainability-linked activities and recurring, higher-margin sectors.

• GDT projects portfolio stands at €440M, supporting a positive outlook for coming quarters.

• Anticipated improvement in project segment results by Q2 or Q3 as new projects in Italy, Nicaragua, and Chile come online.