Massimo Mauri, CEO of the Group, commented: “The nine-month results prove the ability of SECO to grow even in complex market scenarios. The evolution of our business model towards an integrated hardware and software offering is continuously developing, with the goal of anticipating customer needs in fields such as Edge computing, IoT and data analytics, providing them with an end-to-end technological solution, able to differentiate the product and deliver a clear added value.”
2023 NINE-MONTHS RESULTS
- Net sales at €162.1M in the first nine months of 2023, organic growth at +12% compared to the same period of 2022
- €16.3M generated by the Clea business (10% of Net sales) in the first nine months of 2023, +€1.7M (+12%) compared to the same period of 2022
- Gross margin at €80.3M in the first nine months of 2023 (49.5% of Net sales), +€12.2M (+18%) compared to the same period of 2022
- Adjusted EBITDA at €37.3M in the first nine months of 2023 (23.0% of Net sales), +€5.2M (+16%) compared to the same period of 2022
- Adjusted Net income at €16.2M in the first nine months of 2023 (10.0% of Net sales), +€1.2M (+8%) compared to the same period of 2022
- Q4 2023 outlook: a good revenue trend and a continued strengthening of the Clea business is expected (seen at ~€7M in the period)
