Massimo Mauri, CEO of the Group, commented: “The three-month results show a robust organic growth and a progressive profitability expansion. More and more companies recognize digitalization as an area in which to invest to increase their competitive advantage, introducing services and functionalities based on edge computing, IoT and data analytics into their business model. SECO is perfectly positioned to provide innovative solutions to these customers”.
Q1 2023 RESULTS
- Net sales at €54.6M in the first three months of 2023, organic growth at +28% compared to the same period of 2022
- Gross margin at €26.0M in the first three months of 2023 (47.5% of Net sales, vs. 47.0% as of 31.03.22), +€5.9M (+29%) compared to the same period of 2022
- EBITDA adjusted at €12.0M in the first three months of 2023 (22.0% of Net sales, vs. 20.0% as of 31.03.22), +€3.4M (+40%) compared to the same period of 2022
- Adjusted Net income at €4.5M in the first three months of 2023 (8.3% of Net sales, vs. 8.1% as of 31.03.22), +€1.1M (+31%) compared to the same period of 2022
- €6.4M generated by the CLEA business (12% of Net sales) in the first three months of 2023
