SECO's net sales in the first quarter increased by 3% year-over-year, with a rebound in orders driving performance improvement

Investing.com – Italy’s embedded computing company SECO announced that net sales in the first quarter increased by 3% year-over-year to €48.5 million, driven by a gradual rebound in customer order levels.

The company stated that the strengthening demand in the industrial vertical and improved market performance in the Asia-Pacific region, as well as Europe, the Middle East, and Africa, jointly supported revenue growth this quarter.

Despite the increase in sales, SECO’s adjusted EBITDA and net profit declined this quarter. The company attributed the profit pressure to rising operating expenses and high memory prices.

Recurring revenue from the Clea platform grew 20% year-over-year, but overall Clea revenue contracted due to some non-recurring income shifting into deployment phases.

Looking ahead to the second quarter of 2026, SECO expects revenue to exceed €50 million, noting that strong demand for edge AI and the robust momentum of the Clea software business will provide solid support for growth.

SECO stated that its solid fundamentals and ongoing innovation pipeline provide strong support for its full-year performance outlook in 2026.

Seco SpA

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