SECO/WARWICK Reports Strong Financial Results

(Editors Note; At time of printing  1 Polish  Zloty=0.238657 USD. This means Sales Revenues for SECO in 2022 were roughly $155 million USD) 

“After an excellent year’s results in 2022 when SECO/WARWICK realized an 81% increase in net profit y/y, the time has come to summarize the activities in the first quarter of 2023. SECO/WARWICK, the first choice among metal heat treatment and vacuum metallurgy solution manufacturers, is not slowing down and boasts a record order portfolio at the end of last year – PLN 566 million (an increase of 66% y/y). This success is influenced by balanced development, well-thought-out investments, and a long-term strategy to support green technologies.

The Group’s excellent results last year were influenced by growth in the production activities in China, dynamic development in the American market, and the huge number of orders related to the electromobility industry expansion. In 2022, the company had an increase of over 80 % net profit compared with the previous year, and sales revenues amounted to PLN 622 million in this period (PLN 463 million in 2021). Such results set the bar high, but this year’s first quarter summary shows that SECO/WARWICK does not intend to rest on its laurels and consistently implements long-term growth strategies.

We hope to continue this positive momentum this year. The order portfolio for 2023 promises to be record-breaking, and the year itself will be a breakthrough. Two companies: American and Indian, changed their headquarters and gained more space, opening the door for further development. Retech increased its production space as well. Moreover, improving macroeconomic factors means that we are acquiring more and more orders from Asia and North America, and interest in our green technologies is growing,”- said Sławomir Woźniak, CEO of the SECO/WARWICK Group.”

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