DOM Security has built on its strong performance with another successful year in 2024, demonstrating resilience and strategic focus despite challenging market conditions.
Let's review the key highlights from this successful year:
Steady Growth with Promising Indicators
Our 2024 sales increased to €235.2 million, a 1.3% increase compared to 2023. This steady growth reflects DOM's ability to navigate challenging market conditions effectively.
Across Europe, we saw strong growth in our access control business, with our DOM Tapkey cloud offering growing by 14%. Our E-Net platform has also continued to perform well with a 9% increase in visitors.
The transfer of our DOM CR business to VIRO's Bologna site has also progressed well, with stronger industrial and commercial synergies.
Financial Strength for Business Development
Our financial position continues to be strong. With a healthy gross margin of 68.7%, DOM continues to thrive thanks to our focus on operational efficiency. While there is a slight decrease in operational income to €14.7m due to depreciation of assets, our financial strength still allows us to invest €7.8m back into the business.
In addition to investment in machinery, DOM has continued to invest in decarbonisation through the installation of photovoltaic panels at multiple sites.
Momentum for the Future
Despite challenging market conditions, DOM Security is well positioned for future growth thanks to our continued investment. Reflecting on the outcomes, Jerome Denis stated: “The 2024 results are clear evidence of DOM Security's resilience and strategic focus. We have improved profitability while investing in digital transformation and sustainability. This will provide the foundation for continued significant growth in Europe in the years ahead.”
As we move forward, we'll continue to bring our excellence, innovation and service to everything we do. We are well equipped to grow as the needs of our industry evolve and change. Well done to everyone on a successful year! Now is the time to keep building.
For further reading, see the Sfpi Group’s 2024 Results Press Release and Presentation.
