MILAN, June 6 (Class Editori) — SECO opened the second eighth of June in a rally, with the stock rising by 3.54% to 6.30 euros on the stock exchange. The latest news released by the company itself regarding order intake have driven the Arezzo-based IoT company's stock early in the day.
SECO recorded new orders exceeding 31 million euros in May
May ended with a new record for the company managed by Massimo Mauri, which recorded the highest monthly order intake value since its founding. New orders recorded in May have, in fact, exceeded 31 million euros. As explained by the company itself, the amount further increases the value of the backlog (order book), which, as previously announced on May 12, amounted to 164 million euros at the end of April. Both orders received from new customers and those obtained from existing customers contributed to the result, with a year-on-year acceleration recorded particularly in order intake in the EMEA region, Asia Pacific and the US.
SECO's line of business
"The record level of order intake achieved in May helps to further increase visibility on our business," Massimo Mauri, CEO of SECO, commented. "We continue to support our customers in their digital transformation process. We are only at the beginning of a great industrial revolution, where technologies such as artificial intelligence, IoT and 5G will enable new business models: the still untapped potential of our market is enormous," he concluded.
(Source:Class Editori)
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