DOMINION registers a 27% growth in its operating profit in the first quarter of 2023

27 / 04 / 2023

The company reaches revenues of €281m, 7% more than last year at the same period, and an EBIT of €19m, 27% higher.

DOMINION, the sustainable services and 360º projects company, has presented the results for the first quarter of the year with a 7% growth in sales, with a turnover of €281 million, and a net profit 9% higher compared to the same period in 2022.

The growth of the margins shows its operating leverage, with an EBITDA of €34 million, 25% higher, and an EBIT (operating profit) of €19 million, 27% more than in 2022, thanks to the 360 management of the projects.

Specifically, it has recorded a recurring profit of €12 million, which represents record growth in
operating income for the first quarter of the year.

We have a resilient business model, capable of generating value in a complex environment thanks to our 360 vision of the value chain and to the geographical and sectorial diversification of our business.

Mikel Barandiaran

Mikel Barandiaran


New segment breakdown 

As Antón Pradera, president of DOMINION, announced at the General Shareholders' Meeting on April 26th, the company concludes its Strategic Plan until 2023 "due to the high visibility of compliance with the plan and the transformation that our business has undergone since 2019".

That is why the company has announced the launch of a new Strategic Plan until 2026 in the following weeks. It will be accompanied by a new breakdown by segments, that they have already shared in this first quarter, with the aim of simplifying how they explain their activity: Sustainable Services and 360º Projects, in addition to reporting a new segment with the results of its participation in infrastructures.

The Sustainable Services segment, which includes the comprehensive offer of services to both companies and end customers (formerly B2B Services and B2C), reached a turnover of €193 million this quarter, 6% more than in 2022, with a very good performance of the environmental services in the oil & gas sector, among others.

The 360º Projects segment reaches a turnover of almost €85 million in this period and accumulates a project portfolio of over €600M for the coming years, driven mainly by the development of renewable infrastructures (€288M) in the Dominican Republic and Spain and social infrastructures (€205 M) such as the execution of hospitals or the transmission network project carried out in Angola whose completion is scheduled for the second quarter. Finally, the industrial infrastructures (€113 M) stand out for the good levels of uptake and execution in India and Southeast Asia.