Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Italy's Seco rises after record quarterly results

By Reuters News

Nov 9 (Reuters) - Shares in Italian electronics group Seco IOT.MI rose as much as 7.6% on Monday after the company said third-quarter adjusted core earnings rose 38% from a year earlier, supported by expansion in its markets and demand for Edge AI products.

Seco said the quarterly results were record highs, as the group added customers and focused on "strategic end markets," CEO Massimo Mauri said in a statement.

  • Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) grew to 14.7 million euros ($16.41 million) in the quarter

  • Quarterly net sales rose by 24% from a year earlier to 59.6 million euros, with contributions from Asia-Pacific and EMEA

  • Seco will provide its full-year 2027 revenue guidance in December, the company said in a statement

  • On November 2, Seco signed agreements to acquire a 60% stake in Zhejiang Qiyang Intelligent Technology Co. and the remaining 45% stake in Fannal Electronics Co

  • Seco said the deals deepen its footprint in Asia-Pacific, a region it sees as central to growth in Edge and Physical AI

  • Including today's rise the stock has gained around 52% YTD., according to LSEG data

($1 = 0.8961 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.