Report
Toby Thorrington

Global Dominion Access - Optimising corporate infrastructure

Global Dominion is a global company providing services and end-to-end (design to completion) project solutions, where increasing complexity is driving the requirement for external expertise. It has a strong track record reflecting operational excellence and stringent financial controls (EBIT CAGR 23% in 2015–19). COVID-19 has primarily affected operational/project delivery. End markets remain robust, reflecting the critical nature and payback of such investment, suggesting profit recovery should be swift, potentially enabling a return to the targeted growth plan of doubling 2018 net income by 2023. Uncertainties remain over the timing of recovery. The balance sheet is strong in a net cash position.
Underlying
Global Dominion Access SA

Global Dominion Access SA is a Spain-based company primarily engaged in the construction and engineering sector. The Company's activities are divided into two segments: Multi-technological Services, which offers design, implementation and maintenance of fixed and mobile telecommunications networks, manages sales and distribution processes for telecommunications carriers, as well as renders of inspection, maintenance, repair and renovation services for industrial and energy firms, and Solutions and EPCs, which executes turnkey Engineering-Procurement-Construction (EPC) projects, provides construction, repair and renovation of industrial heating installations, as well as develops processes and other technological and business solutions in numerous sectors. Its services are provided in three areas: Technology and Telecommunications (T&T), Industry and Renewable energies. It operates worldwide in Europe, the Americas, Asia and Africa. The Company is a subsidiary of CIE Automotive SA.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Toby Thorrington

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