DOMINION reaches record growth and profit levels for the second quarter in a row

22 / 07 / 2021

DOMINION presented its half-year results for 2021 with a net profit of €19M, its best-ever figure.

DOMINION has presented the half-yearly results, confirming the excellent recovery of the company, which has reached record growth levels for the second consecutive quarter. All of its business segments grow at double digit rates and exceed pre-pandemic levels. Concretely, DOMINION achieved a net profit of €19M, its all-time high for the period and 31% higher than in 2019, before the Covid-19 effects.

These excellent results, reinforce the business recovery that already began in the last quarter of 2020.

Our model, based on the 4Ds -decentralization, diversification, digitalization and financial discipline-, has enabled us to weather the worst months of the pandemic and return to growth in record time

Mikel Barandiaran

Mikel Barandiaran


The company also outlines that this return to growth is taking place at a very high rate. Organic growth rates compared to the pre-pandemic situation reach almost 20%, the highest level of growth ever recorded by the company, bringing revenues to €504M. Other indicators confirm the recovery of the operating leverage with EBITDA of €53M, up 30%, and EBIT (or net operating income) of €29M, 37% more than in 2019.

The recovery of its B2B Services segment, one of the segments most affected by the global lockdown measures, was particularly noteworthy, with a 32% increase in sales compared to the first half of last year. Sales spurred especially by new contracts in the Energy and Industry areas.

In this context of growth, DOMINION continues to improve its forecast for this year, exceeding the objectives set out in its strategic plan until 2023. A trend that is strengthened by the increased visibility and enhancement of two strategic areas with great growth potential such as the area of Renewable Energy and Environmental Services. The latter responds to DOMINION's commitment to improve the sustainability of its clients' processes, which will continue to increase in size by unifying different internal capabilities, as well as with the eventual acquisition of other companies in line with the firm's M&A strategy.