Global Dominion Access SA (FRA:G08)
€ 2.71 0.04 (1.5%) Market Cap: 406.60 Mil Enterprise Value: 604.90 Mil PE Ratio: 10.75 PB Ratio: 1.37 GF Score: 71/100

Q2 2024 Global Dominion Access SA Earnings Call Transcript

Jul 23, 2024 / 10:59 AM GMT
Release Date Price: €3.19 (+0.47%)

Key Points

Positve
  • Global Dominion Access SA (XMAD:DOM) reported a 5% organic increase in income, demonstrating positive business momentum.
  • The company achieved a high operating profitability level, with a 14.9% margin on sales.
  • The services segment showed strong performance, contributing 71% to turnover and 62% to the contribution margin.
  • The company is optimistic about the second half of the year, expecting significant portfolio growth in renewable projects.
  • Strategic focus on more profitable activities has resulted in consistent contribution margins above 12% for three consecutive quarters.
Negative
  • The company faced challenges in the first half of 2024, with temporary decoupling in operations affecting financial results.
  • There was a significant increase in financial expenses, over EUR6.5 million, due to interest rate hikes and payment commitments.
  • The 360 project segment experienced a slowdown in activity compared to previous quarters.
  • Net debt increased significantly in the first half of the year, raising concerns about financial stability.
  • The company is under pressure to meet its strategic plan targets amidst a more demanding market environment.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DOMI.MC - Global Dominion Access SA
Q2 2024 Global Dominion Access SA Earnings Call
Jul 23, 2024 / NTS GMT

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Conference Call Participants
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* Carlos Treviño
Banco Santander S.A. - Analyst
* Editor

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Presentation
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Operator [1]
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Good afternoon and presentation of results of Dominion. Before we start, we'd like to remind you that after the presentation, as usual, there will be a Q&A. (Operator Instructions).

We have Mikel Barandiaran, CEO; and Patricia Berjon, Director for Corporate Development.

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Unidentified Company Representative_1 [2]
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Hello, everyone. Good afternoon, and thank you very much
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