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SECO: pre-closing FY 2022 results

PRE-CLOSING FY 2022 RESULTS

 

 

Our CEO, Massimo Mauri, commented: “Pre-closing Net sales are showing a result that makes me truly satisfied with the work done by all our people in such a challenging environment like today’s. I am pleased to see how this growth is distributed across different geographies, and how we have started to take benefits from the integration of the recently acquired companies. The expansion of our IoT-AI solution CLEA is allowing us to implement our evolution towards a Service company model: thanks to our technologies, we are able to provide end-to-end solutions to address customers’ digitalization and data analysis needs. Observing the evolution of backlog and order intake in the last months, we can affirm that demand remains solid. Based on these data, we believe we can express sustained growth rates in 2023, already from the first quarter for which we expect Net sales of ca. €55-56M, with an organic growth of 30% compared to the same period of last year.”

 

 

PRE-CLOSING FY 2022 RESULTS

  • In Q4 2022, Net sales at €55M (+22% vs. Q4 2021), best quarterly result in SECO’s history

  • Organic growth at 43% vs. FY 2021

  • Like-for-like[1] growth at 36% vs. FY 2021

  • CLEA business contributing for over €18M (9%) to the consolidated Net sales

  • For Q1 2023, expected revenue of ca. €55-56M, +30% vs. Q1 2022

 

 

Download the full pdf

 

 

[1] On a like-for-like basis, considering the results of the Garz & Fricke Group (now SECO Northern Europe) from January 1, 2021

 

Highlighted

SECO H1 2022 results