ANTÓN PRADERA
Chairman
ANTÓN PRADERA
Chairman
MIKEL BARANDIARAN
Chief Executive Officer
We should be proud of 2019, the year that marked Dominion’s twentieth anniversary and saw our business model in full swing; a technological project which is constantly being adapted and reinvented following steadfast discipline, flexibility and sustainability principles. The figures speak for themselves.
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Impeccable performance record, once more confirmed by the 2019 results
We have made significant progress in implementing our strategic projects
The goals set out in the Strategic Plan are reaffirmed
We shape our future by working ambitiously and tenaciously in the present moment. We have climbed the first rung, but our intention is to continue generating value by climbing to the top of the ladder. This is not just a goal but rather our new Plan.
“3 accelerators are driving the transformation”
“Millennials will be the majority in 2025”
“Asia is taking center stage”
THIS IS DOMINION
“More and better platforms to undertake our internal processes and those of our clients”
“New markets and leverage on existing ones to ensure profitable growth”
“A new organisational structure that offsets the handicaps of the model, creating shared units and cross-selling mechanisms”
“New objectives, maintaining our discipline and control parameters for risks”
“We are going to double our net income…
…consolidating ourselves as a great platform of BRBRC services, backed by a Solutions area…
…under the common denominator of digitalization and financial discipline.“
DIFFERENTIAL VALUE PROPOSITIONS
POSITIONING
DIVERSIFICATION
DIGITALIZATION
ORGANIZATION
Dominion has developed a specific strategy for the ESG sector to fulfil its commitment to:
Sustainable development, responsible for the environment, people and communities where the company operates, governed by ethics and integrity.
To compare the data with that of the previous financial year, refer to the Non-Financial Information Statement
Our governing bodies strive to generate value for our stakeholders. Find out about their composition and how they do this.
GEOGRAPHICAL EXPANSION
SECTORAL DIVERSIFICATION
DIGITAL TRANSFORMATION
STANDING
DIVERSIFICATION
BUSINESS MODEL
COURSE OF ACTION 2019
BUSINESS MODEL
COURSE OF ACTION 2019
The evolution of Dominion’s share prices in 2019 was not accompanied by strong operating profits: shares fell by 16.5% in 2019, with the year closing at 3.65 euros/share, while the company’s net earnings per share (EPS) increased by 20% compared to 2018.
Over the first part of the year, the share fell in line with the rest of the market, but the Ibex 35 index eventually resumed growth, increasing by 11.7% at the end of the year.
Different factors have been identified that could explain why Dominion shares did not pick up again in the second half of the year and underwent a considerable imbalance between the stability of the company’s principles and the evolution of the shares. Domestically, some funds with a major stake in Dominion experienced rebates in 2019 that could have lead to forced sales in order to maintain their portfolio balances. Also, in view of how unstable the markets were, the small Spanish caps generally lost appeal amidst international funds. Finally, the increasing automated trading in the stock market could be another limiting factor, as Dominion’s activity is difficult to classify within any single sector group and calls for detailed analysis on the part of investors and analysts so as to identify the full potential of the business.
Given this negative share price trend, it is clear that the market has yet to consider the new and ambitious Strategy Plan the company presented in May 2019. Nor has it taken account of the full observance and advanced progress made with the implementation of the previous plan. The main goal set out in the new plan is to double net profit by 2022, a process which has already been implemented given the figures for 2019.
By contrast, the general opinion of the analysts who monitor the company is much more optimistic and in line with the company’s real situation. The new Plan has been included in their estimates, which is reflected in a consensus target price in excess of 5 €/share. this translates to a 25% appreciation on the share price at the end of 2019.
Looking ahead to 2020, Dominion Global shares are expected to return to the same growth trend they have experienced since the IPO in 2016.
To compare the data with that of the previous financial year, refer to the Non-Financial Information Statement
Dominion is committed to the health, safety and well-being of its employees, in order to minimise the accident rate, by ensuring compliance with the labour regulations in force on this subject and in each geographical area, the implementation of training plans in line with job and workplace characteristics, fostering preventive culture and ensuring the necessary human and technical means to guarantee preventive planning implementation. The objective is to promote personal health and health monitoring for all employees.
Dominion is committed to the health, safety and well-being of its employees, in order to minimise the accident rate, by ensuring compliance with the labour regulations in force on this subject and in each geographical area, the implementation of training plans in line with job and workplace characteristics, fostering preventive culture and ensuring the necessary human and technical means to guarantee preventive planning implementation. The objective is to promote personal health and health monitoring for all employees.
We have extended our one stop shop industrial offer. Over a thousand companies around the world are benefiting from Dominion's comprehensive range of multi-technical services and engineering solutions to improve the efficiency of their production processes.
More and more people are benefiting from the Smart House offer.
To compare the data with that of the previous financial year, refer to the Non-Financial Information Statement
Dominion extends the Company’s strict environmental and social standards to its main suppliers. To this end, it has developed a Supplier Code of Conduct that its main suppliers must comply with.Código de Conducta de Proveedores
To compare the data with that of the previous financial year, refer to the Non-Financial Information Statement