Dominion Hosting Holding (DHH) Q4 2024 earnings summary

Executive summary

• Revenue reached €37.1M for FY 2024, up 7% year-over-year, with 94% recurring revenue ensuring stability and predictability.

• EBITDA rose 15% to €12.0M, EBIT increased 39% to €6.8M, and net profit surged 66% to €3.7M.

• Growth was entirely organic, supported by customer acquisition, up-selling, and new product development.

• All group companies and geographies contributed to growth, with Italy as the largest market and Switzerland showing the highest relative growth.

• The group surpassed €100M in market capitalization, achieving a 22.35% CAGR in net sales over three years.

Financial highlights

• Net sales: €35.9M (+7% YoY); total revenue: €37.1M (+7%).

• EBITDA: €12.0M (+15%), EBIT: €6.8M (+39%), net profit: €3.7M (+66%).

• Operating cash flow totaled €9.2M for the year; cash conversion rate: 76%.

• Net financial debt reduced from €6.5M to €3.1M; liquidity increased from €10.4M to €13.3M.

• Adjusted net profit attributable to shareholders: €3.66M (+10%).

Outlook and guidance

• Early 2025 performance remains positive despite a European market slowdown, with subsidiaries continuing to grow.

• Strategic focus on innovation, including Cloud Server GPU/NPU, video streaming, Kubernetes as a Service, and enterprise email hosting.

• Plans to pursue synergistic M&A for market expansion and long-term growth, leveraging strong financial position.