Italy's SECO FY25 sales rise on order recovery, gross margin improves

Seco SpA

23/03/2026 11:06

Overview

Italy edge computing firm's FY25 sales rose 7.7% yr/yr to EUR 197.6 mln

Adjusted net income increased to EUR 13.1 mln from EUR 1.4 mln in FY24

Company expects Q1 2026 revenues above EUR 49 mln

Outlook

SECO expects Q1 2026 revenues to exceed €49 mln

Company expects ongoing demand for Edge AI and smart device solutions to drive growth

Result Drivers

ORDER RECOVERY - Co said sales growth was driven by a gradual recovery in order levels across industrial verticals and regions, with particular strength in US and APAC

EDGE COMPUTING GROWTH - Edge computing revenue grew 9% yr/yr, contributing to overall sales increase

GROSS MARGIN IMPROVEMENT - Improved gross margin attributed to favorable sales mix and cost management

Company press release: ID:nBIA5whBjT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
EUR 197.60 mln
FY Adjusted Net Income
EUR 13.10 mln
FY Adjusted EBIT
EUR 21.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Seco SpA is €3.70, about 58.8% above its March 20 closing price of €2.33

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)