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).
