Global Dominion Access (DOM) Q1 2026 earnings summary

Executive summary

• Organic growth of 5.3% at constant currency in Q1 2026, with revenue of EUR 247.2 million, exceeding guidance despite divestments and forex headwinds.

• EBITDA margin held at 13.4%, with EBITDA at EUR 33 million and net attributable profit at EUR 7 million, stable year-over-year.

• Over 80% of revenue and contribution margin now come from recurring activities, reinforcing business predictability and resilience.

• Strategic divestments in France, B2C retail, and telecom, and acquisitions in circular economy and decarbonization, reshaped the portfolio.

• Celebrated 10 years of stock exchange listing, highlighting consistent value creation.

Financial highlights

• Q1 2026 revenue: EUR 247.2 million, up 5.3% year-over-year at constant exchange rates, impacted by 9.5% inorganic and 2.2% negative FX effects.

• EBITDA: EUR 33 million, up 2.5% organically; EBIT: EUR 16 million; net attributable profit: EUR 7 million.

• Profitability of sales at 13.4%, a slight decline from Q1 2025 due to lower weight of high-margin project segment.

• Financial expenses reduced by nearly 27% year-over-year, down to EUR 8 million.

• Recurring segments now account for over 80% of revenue and contribution margin, a record high.

Outlook and guidance

• Strategic plan simplification continues, focusing on profitable, recurring, and growth-oriented activities, with a new plan to emphasize data centers, electrification, and grid infrastructure.

• Exceeded Q1 2026 guidance for organic growth; preparing to finalize a new Strategic Plan to strengthen capital allocation discipline.

• Business model positioned to perform strongly in complex environments, with recurring segments exceeding the strategic target.