Massimo Mauri, CEO of SECO, commented: “In a challenging market context, we posted a quarter of revenue decline, which was largely expected. The good results on margins were achieved thanks to the growth of the software business. This shows how SECO has built a solid and resilient business model”.
Results in detail
- Net sales at €47.2M in Q1 2024, -14% YoY
- €7.3M generated by the Clea business in Q1 2024 (15% of Net sales), +14% YoY
- Gross margin at €26.4M in Q1 2024 (56% of Net sales), +845 bps YoY
- Adjusted EBITDA at €10.4M in Q1 2024 (22% of Net sales), -13% YoY
- Adjusted Net income at €2.4M in Q1 2024 (5% of Net sales), -47% YoY
- Board of Directors of SECO has also appointed Clarence Nahan as the Head of Corporate Development & Investor Relations.
