Massimo Mauri, CEO of the Group, commented: “The six-month results represent a signal of the soundness of our strategy: despite a complex macroeconomic context, our business continues to grow, thanks to the robust demand for digitalization coming from companies. The components’ shortage situation is improving, with a normalization of the prices on the market which has contributed to the positive expansion of our profitability. Thanks to the closing of the deal with 7-Industries, our financial leverage has significantly reduced, providing us with new flexibility to accelerate SECO’s growth, also through acquisitions. The digital revolution is only just starting, and we are perfectly positioned to support our customers to evolve their business model, harnessing edge computing, IoT, and data analytics services and functionalities.”
H1 2023 RESULTS
- Net sales at €111.9M in the first six months of 2023, organic growth at +19% compared to the same period of 2022
- €10.8M generated by the CLEA business (10% of Net sales) in the first six months of 2023, +€1.2M (+12%) compared to the same period of 2022
- Gross margin at €55.5M in the first six months of 2023 (49.6% of Net sales), +€11.5M (+26%) compared to the same period of 2022
- EBITDA adjusted at €26.5M in the first six months of 2023 (23.7% of Net sales), +€6.4M (+32%) compared to the same period of 2022
- Adjusted Net income at €12.6M in the first six months of 2023 (11.3% of Net sales), +€4.0M (+46%) compared to the same period of 2022
- Increased financial flexibility to support SECO’s expansion plans, after the closing of the capital increase by 7-Industries
- The Board of Directors of SECO has also appointed Lorenzo Tosi to manage the Investor Relations activities
