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Seco (IOT) investor relations material
Seco Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY 2025 guidance exceeded, with revenues surpassing €200M at constant FX and gross margin above 50%.
Net sales reached €200.7M at constant FX, up 9.4% year-over-year; €197.6M at current FX, up 7.7% year-over-year.
Clea business contributed €21.0M, representing 11% of net sales.
Edge computing revenue expanded by 9% year-over-year to €176.6M.
New production facility in Arezzo nearing completion to expand manufacturing capacity.
Financial highlights
Net sales for 2025 were €197.6M, an increase of €14.1M (+7.7%) compared to 2024.
Gross margin improved to 53.4% of revenues, up from 52.7% in 2024.
Clea business generated €21.0M in revenue, consolidating its position.
Outlook and guidance
Management confirmed that FY 2025 guidance was exceeded, with expectations of continued growth.
Market fundamentals remain strong, driven by rapid adoption of Edge AI and increased demand for on-device computing.
- Gross margin rose to 52.7% as software grew 17%, with 2024 revenue to top €180M.IOT
Q2 202420 Jan 2026 - Net sales dropped 14% but gross margin rose to 52.1% and Clea software grew 4%.IOT
Q3 202414 Jan 2026 - Sales dropped 13% to €183.5m, but margins held firm and growth is forecast for 2025.IOT
Q4 202417 Dec 2025 - Q1 2025 sales rose 7% sequentially, margins exceeded guidance, and Clea recurring revenue grew.IOT
Q1 202525 Nov 2025 - Sales up 5%, margin at 53.8%, EBITDA up 50.8%, and €200M+ FY25 guidance confirmed.IOT
Q3 202512 Nov 2025 - H1 2025 delivered higher sales, margins, and profit, with FY25 revenue set to exceed €200M.IOT
Q2 202512 Sep 2025
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