H1 Results 2023

Thanks to the trust of our customers and the performance of our team, SEG Electronics shows strong growth in revenues and order intake for the first half of 2023. 

While the first six months of 2022 were heavily impacted by the global electronic component shortage, the steep sales growth of 32% partly reflects the normalization of sales conversion and the growth rate in order intake of 13% compared to H1/2022 also reflects the normalization of order lead times.

Our outlook on remaining 2023 and beyond stays positive and we expect our growth trajectory to continue. The completion of our new product development of WIC1g2 - the fastest self-powered protection relay in the world - will additionally help our team to continue its success story and to strengthen our focus on our growth markets in North America and the Middle East.