building culture
"Great stories are written with values in the hearts of men"
Explore our values...
We are a group of companies operating in the following markets:
Engineering & Construction, Environment, Renewable Energies, Telecommunications, Real Estate and Ventures.
Photo by Luís Pinto, finalist of the Emergentes dst Award 2011.

Respect. (from the lat. respectu) n. 1. respect; 2. consideration; high regard; 3. deference; compliance; veneration; 4. honour; worship; 5. relation; refererence...

We believe that everyone should be respected for their work, for their attitudes, opinions and options.

Photo by Mila Teshaieva, finalist of the Emergentes dst Award 2011.

Rigor. (from the lat. rigore) n. 1. harshness; strength; 2.fig., severity; punctuality; accuracy.

There is no "more or less levelled", "more or less upright”, "more or less clean" or "more or less safe", but rather “levelled”, "upright”, "clean” and “safe". The rigour is reflected in our procedures, in time and in the rules to follow. In the light of moral and principles, being severe means being rigorous.

Photo by , finalist of the Emergentes dst Award 2012.

Passion. (from the lat. passione) n. 1. intense and usually violent feeling (affection, joy, hate, etc.) which hinders the exercise of impartial logic; 2. derived from a feeling; 3. great predilection; 4. partiality; 5. great grief; immense suffering...

Under the sign of passion – a text of the Portuguese poet Regina Guimarães – is our icon. Passion is to reveal great enthusiasm for something, favourable encouragement or opposite to something.
It is the sensibility transmitted by an architect or engineer through work.
Passion is the dedication to a project. Passion is a state of warm soul.

Photo by Jakub Karwowski, finalist of the Emergentes dst Award 2012.

Loyalty. (from the lat. legalitate) n. the quality of being loyal; fidelity; sincerity.

Respect for the principles and rules that guide the honour and probity. Faithfulness to commitments and agreements undertaken, staunch character.
To remain loyal to the business partners because we depend on them and they depend on us.
Being trustworthy for being loyal.

Photo by Ian Lieske, finalist of the Emergentes dst Award 2011.

Solidarity. (from the lat. solidare) n. 1. the quality of being solidary; 2. reciprocal responsibility among the members of a group, namely social, professional, etc.; 3. sense of sharing another’s suffering.

Being solidary is being a friend, offering our hand with genuine generosity and bringing joy and human warmth to those who, somehow, are marginalized. Being solidary is being more human. A solidary company is recognized as a fair and non-selfish company. A solidary company is a preferred choice in business. It is a more competitive company. Volunteering is a vehicle to solidarity. It is modern, fair, cultured, friend, it is a noble gesture of moral elevation.

Photo by Clarence Gorton, finalist of the Emergentes dst Award 2012.

Courage. (from the lat. coraticum) n. 1. bravery facing danger; intrepidity; to have audacity; 2. moral force before a suffering or setback; 3. [fig.] to input energy when performing a difficult task; perseverance...

Courage is essential in our life. Courage to face less pleasant situations when complex issues come up, not expecting random resolutions.
It is a value that we must highlight as opposed to the fearful, cowardly and laziness.
The courage to react to criticism not with an attitude of demotivation or sadness, but rather to search for the means and the action to overcome its own reason. This kind of courage, which is also an intellectual courage, is highly recommended.

Photo by Filipa Alves, finalist of the Emergentes dst Award 2011.

Ambition. (from the lat. ambitione) n. 1. vehement desire of wealth, honours or glories; 2. expectation about the future; aspiration; 3. lust; greed…

Vehement desire to achieve a particular goal. Ambition not to resign ourselves. Ambition to take the best potential from ourselves. Ambition to deserve ourselves. Ambition to be athletes in our top-level competitive jobs. Ambition to beat our brands. Ambition to get the best deals with the maximum value, due to the high levels of proficiency and efficiency.

Photo by Scarlett Coten, finalist of the Emergentes dst Award 2011.

Good Taste. (from the lat. gustu) n. 1. ability to appreciate aesthetic value or standards of something; 2. elegance, refinement, aesthetic sense; 5. particular touch given by an artist to his works.

We decided to build the company's economic foundations under a cultured, cosmopolitan and cool image. Because it is a charming state of being. Good taste because we are sustainable and we respect the planet. Good taste because we are sensitive. Good taste just because.

Photo by Karl Erik Brondbo, finalist of the Emergentes dst Award 2011.

Responsibility. (from the lat respondere) n. the trait of being answerable to someone for something or being responsible for one's conduct; a form of trustworthiness.

We must be certain that, before a choice, we chose what is best for both of us and not just the best for each one. Each employee is responsible for his negotiated activity and co-responsible if the co-worker does not fulfil his own task, thus preventing the common goal. A team is a set of individuals - is a whole. In the business game, as in social or family contexts, everyone must comply with their own relative position and we shall not permit that one of ours fails to be in our team.

In the period of 2014, dst group demonstrated its remarkable ability to maintain extremely positive economic and financial results in a macroeconomic framework of reduced growth, and still affected by the adjustment process of the Portuguese economy's imbalances.

Indeed, the period of 2014 reflects the progressive and successful consolidation that dst group has been recording in recent years and in several business areas that has a presence, in particular by maintaining a turnover proportion of around € 280M and an operating profitability - here measured by EBITDA - of € 36M.

In this context, the group’s international operations growth and its investment strengthening in human capital had particular relevance, which are two vectors of action involving an immediate and significant investment, but simultaneously prepare the group for the growing challenges of responsiveness and innovation that today’s world demands from the big economic groups.

Thus, in the period under review, dst group’s consolidated turnover reached € 215M, and its proportional turnover, regardless the adopted consolidation method, exceeded € 279.7M.

The slight decline of dst group’s turnover (-8.7%) was accompanied by a less than proportional reduction of its operational profitability (-3%), whereby the group's profitability levels remained very robust values, with consolidated EBITDA to exceed € 36M in 2014, equivalent to an EBITDA margin of 16.8%. Also its net profit after minority interests exceeded € 13.9M in the period, which is a very positive factor to be taken into consideration.

It is important to highlight the positive effect that the dst group’s diversification entails in terms of maintaining positive levels of operating profitability.

On the one hand, particular emphasis to the Engineering & Construction – group’s Genesis – is given, which represents 86.5% of its consolidated turnover and 58.1% of the corresponding EBITDA.

On the other hand, the Renewable Energy Business and Environment areas also should be highlighted, which combined account for more than 48.7% of the group’s consolidated EBITDA in 2014 and totalize a net income for the period of € 10.5M (after minority interests).

dst group’s excellent activity performance in 2014 reflects the strong performance of its core business area, Engineering & Construction, whose turnover for the period amounted to € 185,7M and whose respective net result reached € 6.9M.

Moreover, the Renewable Energies business area recorded a turnover increase of € 5.8M over the period from 2013 (i.e. +205%), reflecting the strong impact of new and diversified projects implementation in the photovoltaic sector. The positive developments in this area are also found at its operational profitability level, with positive impacts regarding its contribution growth to dst group’s consolidated EBITDA in 2014 (23.6% of the total in the period, compared to 17, 8% in 2013).

In turn, the Environment business area remained stable its consolidated turnover for the period under review, at levels above €19M, while its operating profit showed an increase compared to 2013 figures, representing a contribution of 25.1% for EBITDA dst group in the 2014 period.

The year 2014 continued to be a great investment period in the Telecommunications business area, particularly in trade, so that, although this area does not yet present a relevant turnover on dst group’s global sphere, its turnover growth of 42.8% YoY is remarkable, exceeding in the year, the level of €1M. Nevertheless, the impact of depreciation and amortization from the high investments made by the group in this business implies that its net income for the period is necessarily negative, to the tune of € 2.1M.

Moreover, it should be emphasized dst group’s presence in Ventures business area, which bet became intensified in 2014, with the implementation by 2bpartner – sociedade capital de risco, s.a., - the group’s venture capital company – of multiple analysis process and due diligence projects which materialized in the realization of different investments during the period under review, in parallel with the development, by innovationpoint – investigação e desenvolvimento, s.a., of several innovative projects.

In this context, naturally, Ventures business area does not yet have a turnover that may be representative of its potential growth, remaining as a big bet vector in the future by dst group.

Proportional turnover
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EBITDA and Net debt / EBITDA
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Net Debt
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Net Income per area
Renewable Energies
Real Estate
Engineering & Construction
Holding and others
dst group shareholding structure View