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SECO H1 2022 results
Our CEO Massimo Mauri, commented: “I am satisfied by the half-year results that, despite the persisting components’ shortage and the complex macroeconomic scenario, show a strong growth in revenue and margins. The expansion of the CLEA business proves the effectiveness of our evolution strategy. The increase in the number of connected devices and customers interested in the functionalities of our IoT-AI software platform, together with the growth of the order backlog and the pipeline of new opportunities, allows us to confidently look at the remaining part of the year and 2023”.
Net sales at €94.1M (+125% vs. H1 2021)
Organic growth +61% and Like-for-like growth +49%
EBITDA adjusted at €20.1M (+116% vs. H1 2021)
€9.6M generated by the CLEA business (ca. 10% of sales)
Cash generation for €3.2M in Q2 2022
Order backlog at €174m in Aug22, +2x vs. 2021
2022 outlook: full-year revenue guidance confirmed at €200M
