The Board of Directors of SECO S.p.A. (“SECO” or the “Company”) met today and approved the consolidated results for the first three months of 2026.
- 1Q26 Net sales – €48.5M vs. €47.2M in 1Q25 – up 3% YoY, broadly in line with guidance
- Clea recurrent revenues – €2.7M vs. €2.2M in 1Q25 – up 20% YoY
- Gross margin – €25.4M (52.3% of Net sales) vs. €25.1M (53% of Net sales) in 1Q25
- Adjusted EBITDA – €9.1M (18.7% of Net sales) vs. €9.4M (20% of Net sales) in 1Q25
- Adjusted Net income – €2.2M (4.6% of Net sales) vs. €2.3M (5% of Net sales) in 1Q25
- Adjusted Net financial debt as of March 31st – €44.1M vs. €37.6M as of 31st December 2025
2Q26 guidance: Expected revenues of €50M+
Our CEO Massimo Mauri commented:
“During the first quarter, we delivered a resilient performance, underpinned by strong structural demand for embedded computing and accelerating adoption of edge AI solutions. While elevated memory pricing continues to impact the cost environment, we have taken all the necessary steps for this headwind to be contained - and remain confident in the long-term trajectory of the market.
Encouragingly, client engagement remains high across both existing and new accounts, reflecting the strategic importance of our technologies. We are particularly pleased with the growing adoption of our Clea software framework, which is increasingly central to customers’ digital transformation initiatives at the edge. In parallel, our recent product innovations, including Modular Vision, are gaining strong traction and broadening our addressable opportunities.
Overall, I remain optimistic that 2026 should be another year of strong growth, supported by robust fundamentals, expanding customer relationships, and a compelling innovation pipeline”.