Seco Full Year 2024 Earnings: €0.16 loss per share (vs €0.092 profit in FY 2023)

Simply Wall St

April 03, 2025

Seco (BIT:IOT) Full Year 2024 Results

Key Financial Results

Revenue: €184.4m (down 12% from FY 2023).
Net loss: €21.0m (down by 277% from €11.9m profit in FY 2023).
€0.16 loss per share (down from €0.092 profit in FY 2023).

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revenue-and-expenses-breakdown — BIT:IOT Revenue and Expenses Breakdown April 3rd 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Seco Earnings Insights

The primary driver behind last 12 months revenue was the Seco segment contributing a total revenue of €128.0m (69% of total revenue). Notably, cost of sales worth €114.0m amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €45.8m (50% of total expenses). Explore how IOT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Tech industry in Italy.

Performance of the Italian Tech industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Seco that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.