- Q2 guidance exceeded, beating both expectations on revenues and gross margin
- 1H25 Net sales – €98.4M vs. €95.3M in 1H24 – with €51.2M revenues in 2Q25 (up 9% vs. 1Q25)
- Clea revenues – €12.0M (12% of Net sales)
- Gross margin – €52.5M (53.4% of Net sales) vs. €50.3M in 1H24
- Adjusted EBITDA – €20.1M (20.5% of Net sales) vs. €15.8M in 1H24
- Adjusted Net income – €7.3M (7.4% of Net sales) vs. €3.9M in 1H24
- Adjusted Net financial debt as of June 30th – €50.3M vs. €41.3M as of 31st December 2024
- FY25 Guidance – On track to achieve €200M+ revenues at constant FX
- Gross profit margin to be maintained above 50%
Massimo Mauri, CEO of SECO, commented:
“With both revenues and profitability exceeding our expectations, the first-half results confirmed the positive momentum anticipated in previous quarters. The expansion of margins reflects the benefits of our operating leverage and disciplined cost optimization, while demand indicators from our customers continue to trend positively. Although the external environment remains fluid, shaped by geopolitical uncertainty and commercial tensions, we remain cautiously optimistic about the rest of the year and believe we are on track to deliver strong profitable growth. More than ever, innovation is guiding our clients’ strategic choices, and our portfolio continues to expand with new value-added solutions – from the Application Hub to the Developer Center –, positioning us as the end-to-end partner enabling the Edge-to-AI transformation”.