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SIT is attending the ISMO - Italian Stock Market Opportunities 2021

September 24th, 2021

Padua, September 24, 2021 – SIT S.p.A. (SIT:IM), a multinational listed on the Italian Stock Exchange that creates intelligent solutions for the control of environmental conditions and consumption measurement, on September 30 is attending ISMO (Italian Stock Market Opportunity), a virtual conference organized by Banca IMI to dialogue with institutional investors, both Italian and international.

CEO and Chairman Federico de’ Stefani together with the CFO Paul Fogolin and IR Manager Mara Di Giorgio, will comment on the recently approved first-half results and the company’s projects.

SIT, EBITDA up 91%, net profit of Euro 9.5 million: sales improve across all regions

September 23rd, 2021

Federico de’ Stefani (CEO and Chairman): “Results ahead of expectations. Quality, brand and reputation also in the current market have rewarded SIT’s products.”

SIT in H1 2021 returned:

  • Consolidated revenues of Euro 190.3 million (+42.7% on H1 2020, +34.8% at like-for-like consolidation scope);
  • Heating Division sales of Euro 144.7 million (+38.3% on H1 2020);
  • Metering Division sales of Euro 43.2 million (+59.0% on H1 2020), including Smart Gas

    Metering sales of Euro 33.2 million and Water Metering sales of Euro 9.9 million;

  • Consolidated EBITDA of Euro 28.9 million (+90.6% on H1 2020);
  • The net profit for the period was Euro 9.5 million (5.0% margin), compared to Euro 3.8 million

    (2.9% margin) in H1 2020.

  • Operating cash flow of Euro 6.2 million, after investments of Euro 8.0 million;
  • Net financial position at June 30, 2021 of Euro 121.0 million (Euro 116.1 million at end of

    2020).

SIT closes the acquisition of the product line NGA from Emerson Electric

September 1st, 2021

Transaction executed according to the timeframe announced at the signing. SIT widens its product portfolio to include electronic valves for gas storage water heaters

UK HYDROGEN STRATEGY ANNOUNCED

August 31st, 2021

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The UK government has announced its long awaited hydrogen strategy and also launched a consultation on funding hydrogen production. The strategy confirms support for both green and blue hydrogen production as well as for the replacement of natural gas in around 3m homes…

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SIT acquires the NGA product line from Emerson Electric and enters the market for electronic valves for storage water heaters.

July 16th, 2021

SIT acquires the NGA product line from Emerson Electric and enters the market for electronic valves for storage water heaters.

Federico de’ Stefani (Chairman and CEO of SIT): “Our goal is to accelerate growth in the US market”.

SIT takes part in the HPB Expo from 24 to 26 June 2021

June 23rd, 2021

Padova, 2021 June 23 – SIT, a technology company listed on the MTA market of the Italian Stock Exchange (SIT:IM) that creates smart solutions for controlling environmental conditions and measuring consumption, will be present from 24 to 26 June 2021 at Hpbexpo, the largest indoor-outdoor event in North America, in virtual mode. Every year thousands of retailers and companies participate in the event to discover new trends and technologies related to the production and sale of fireplaces, patio heaters, wood / pellet / gas and electric stoves, accessories for barbecues, grills and garden furniture.

For the occasion, SIT will be able to meet customers and visitors in its virtual booth, which can only be accessed after registering for the event.

SIT, l’AD Federico de’ Stefani partecipa all’incontro di Corriere Imprese “Le imprese che costruiscono valore” martedì 8 giugno alle ore 12:00

June 9th, 2021

Il webinar, che sarà disponibile in live streaming nel sito corrieredelveneto.corriere.it, fa parte del ciclo di conferenze intitolato “Sostenibili e competitivi: la sfida per le imprese del Nordest”

Oggi la creazione di valore da parte di un’azienda coinvolge molte sfere: dal modello di business, all’ascolto degli stakeholders fino alla capacità di intercettare nuovi trend e, soprattutto, di rendere concrete le azioni di sostenibilità interne ed esterne all’impresa – tutto deve essere inserito in un percorso nel quale obiettivi di business e obiettivi ESG devono coesistere e creare valore per tutti gli stakeholders.

Questo ed altri temi saranno il focus dell’incontro di Corriere Imprese “Le imprese che costruiscono valore” che si terrà martedì 8 giugno alle ore 12:00 ed al quale parteciperà anche SIT con il presidente ed amministratore delegato Federico de’ Stefani.

SIT, performance significantly improved in Q1: consolidated revenues of Euro 92.7 million (+26% on Q1 2020), EBITDA +69% to Euro 15.1 million.

May 12th, 2021

CEO Federico de’ Stefani: “We have introduced a share-based incentive plan to strengthen the relationship between governance and management in order to create sustainable value for the entire organisation and ensure that we attract and retain key resources.”

SIT for Q1 2021 reports:

  • Consolidated revenues of Euro 92.7 million (+26.2% on Q1 2020);
  • Heating Division sales of Euro 70.5 million (+25.0% on Q1 2020);
  • Metering Division sales of Euro 21.3 million (+30.0% on Q1 2020), including Smart GasMetering sales for Euro 16.4 million and Water Metering sales for Euro 4.8 million;
  • Consolidated EBITDA of Euro 15.1 million (+69.0% on Q1 2020);
  • Consolidated net profit of Euro 8.0 million (8.6% margin);
  • Net financial position at March 31, 2021 of Euro 110.4 million (Euro 101.6 million in Q1 2020).

SIT S.p.A., roadshow with Longspur on May 4 and 5: two days of meetings with UK investors

May 3rd, 2021

Padua, May 3, 2021 – SIT S.p.A. (SIT:IM), a multinational listed on the Italian Stock Exchange that creates intelligent solutions for the control of environmental conditions and consumption measurement, on May 4 and 5 is taking part in the roadshow organized by Longspur to dialogue with British institutional investors. Longspur published on April 22 the initial coverage of SIT (available here) indicating a Euro 11,5 target price stressing the positioning of the company as world market leader, the great opportunity deriving from the acquisition in the water sector and the upside coming from the starting of the “hydrogen economy”. In fact, for the first hydrogen houses that are being built in the United Kingdom, MeteRSIT, a SIT Group company that develops and manufactures intelligent gas meters and which is working on an experimental hydrogen gas meter as part of the British government’s Hy4Heat programme, was chosen from among producers of meters that will enable the safe distribution of hydrogen. This was thanks to the DomusNext® H2 meter that allows consumption data reading. Also installed in the houses are Worcester Bosch hydrogen boilers that use hydrogen power safety valves developed by SIT.

MeteRSit meters used in the first 100% hydrogen houses, developed by Northern Gas Networks in the UK

May 3rd, 2021

Padua, May 3, 2021 – Prototype hydrogen meters produced by MeteRSit, a company specialising in smart metering and part of the SIT S.p.A. group, will be installed in the first houses powered entirely by hydrogen.

The houses, located at the Northern Gas Networks’ (NGN) site at Low Thornley, close to Gateshead in northern England, will demonstrate the use of appliances and heating and cooking systems powered entirely by hydrogen. Construction is expected to be completed by the end of May, 2021.

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