SECO exceeded 2024 targets with €183.5M net sales, 53% gross margin, and strategic partnerships, boosting 2025 growth optimism.
SECO S.p.A releases its unaudited consolidated pre-closing results as of December 31, 2024. These are management account figures not subject to audit procedures.
Massimo Mauri, CEO of SECO, commented: “Today I am pleased to confirm that we have met our revenue and margin targets guidance shared in September last year, demonstrating once again the resilience and confirming the strength of our business model. This success is due to the dedication of everyone here at SECO, for which I am deeply grateful. Despite what has been a challenging year, we continued to invest in innovation, forming key strategic partnerships with the likes of NXP, Qualcomm, Google Cloud, Raspberry Pi and Nayax – a strong testament of our relevant positioning in the Industrial IoT segment. Looking ahead to 2025, I continue to be optimistic about our growth prospects, with a gradual ramp up of our backlog and order intake with both historical and newly onboarded clients.”
- FY 2024 guidance exceeded, confirming expectations of Revenues >€180M and Gross Margin >50%
- Net sales: €183.5M, of which €21.3M from Clea business (12% of Net sales)
- Gross margin @ 53% of Net sales