(Finance) – SECO closed the first nine months of the year with a adjusted net profit of 16.2 million euroswith an increase of 8.1% compared to the 15 million and the first nine months of 2022.
THE revenues they go from 144.8 million overall to 162.1 million, up by 17.4 million (+12%). This increase is linked to the growth in sales volumes in the EMEA, USA and APAC areas.
The gross margin went from 68.1 million to 80.3 million (+17.9%), while adjusted EBITDA stands at 37.3 million, growing by 16.4%. Adjusted EBIT passes to 24.7 million, with a increase of 9%.
“The results of the first nine months demonstrate SECO’s ability to grow even in complex market environments,” he says Massimo MauriCEO of SECO, adding “the evolution of our business model towards an integrated hardware and software offer is in continuous development, with the aim of anticipating customer needs in fields such as Edge computing, IoT and data analytics, creating a complete technological solution for them, capable of differentiating the product and providing clear added value”.
Adjusted net financial debt went from a net debt of 118.8 million at 31 December 2022 to a net debt of 59.7 million at 30 September 2023.
Based on the order backlog and production plans, SECO expects to register a good fourth quarter in terms of revenues. Furthermore, in the same period, the Clea business is expected to expand further to approx 7 million euros.