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 Posted by Marco Travaglio Tutte 0 thoughts on “SIT, l’AD Federico de’ Stefani partecipa all’incontro di Corriere Imprese “Le imprese che costruiscono valore” martedì 8 giugno alle ore 12:00”

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.

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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 Posted by Marco Travaglio Tutte, Homepage 0 thoughts on “SIT, performance significantly improved in Q1: consolidated revenues of Euro 92.7 million (+26% on Q1 2020), EBITDA +69% to Euro 15.1 million.”

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).

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

May 3rd, 2021 Posted by Marco Travaglio Tutte, Homepage 0 thoughts on “SIT S.p.A., roadshow with Longspur on May 4 and 5: two days of meetings with UK investors”

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.

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

May 3rd, 2021 Posted by Marco Travaglio Tutte, Homepage 0 thoughts on “MeteRSit meters used in the first 100% hydrogen houses, developed by Northern Gas Networks in the UK”

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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SIT, preliminary results: 2020 core sales over Euro 317 million. Q4 growth of 5% to Euro 92.8 million.

January 27th, 2021 Posted by Marco Travaglio Homepage 0 thoughts on “SIT, preliminary results: 2020 core sales over Euro 317 million. Q4 growth of 5% to Euro 92.8 million.”

Padua, January 27, 2021 – SIT S.p.A., a multinational listed on the Italian Stock Exchange which, through its Heating and Smart Metering divisions, creates intelligent solutions for the control of environmental conditions and consumption measurement, reports consolidated core sales of Euro 317.7 million for 2020, a reduction of 8.9% on Euro 348.7 million for 2019 – limiting the COVID impact and hitting the pre-announced targets.

Q4 2020 core sales of Euro 92.8 million, up 5.0% on the same period of 2019 (Euro 88.4 million).

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SIT is attending the ISMO virtual investors conference on January 13 and 14: 10 meetings programmed

January 12th, 2021 Posted by Marco Travaglio Homepage 0 thoughts on “SIT is attending the ISMO virtual investors conference on January 13 and 14: 10 meetings programmed”

Padua, January 12, 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 January 13 and 14 is taking part in the ISMO (Italian Stock Market Opportunity) virtual conference organized by Banca IMI to dialogue with Italian institutional investors.

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SIT closes 100% acquisition of Portuguese enterprise Janz.

December 30th, 2020 Posted by Marco Travaglio Homepage 0 thoughts on “SIT closes 100% acquisition of Portuguese enterprise Janz.”

Closing executed according to the timeframe announced at the signing. The Padua-based listed company therefore adds Portugal to its international presence, with a water meter production site of approx. 11 thousand square metres with 250 staff.

Highlights of the acquisition:

● Janz is a consolidated European manufacturer and distributor of residential volumetric water meters

● Janz reported in 2019 revenues of Euro 18.6 million and an EBITDA of Euro 4.0 million, with a CAGR over the last five years respectively of approx. 9% and 23%;

● The 100% acquisition of Janz was funded by a new credit line which SIT will obtain

from the banks involved in the current syndicate;

● The value of the acquisition is Euro 28 million (cash & debt free).

Padua, December 30, 2020 – SIT S.p.A., a multinational listed on the Italian Stock Exchange which, through its Heating and Smart Gas Metering divisions, creates intelligent solutions for the control of environmental conditions and consumption measurement, has completed the acquisition of 100% of Janz-Contagem e Gestão de Fluídos S.A., a consolidated Portuguese player owned by the Janz family and specialised in manufacturing residential water meters.

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SIT S.p.A. takes part in the Mid&Small in Milan Virtual Investors’ Conference (December 1 and 2)

December 1st, 2020 Posted by Marco Travaglio Homepage 0 thoughts on “SIT S.p.A. takes part in the Mid&Small in Milan Virtual Investors’ Conference (December 1 and 2)”

December 1, 2020 – 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 December 1 and 2 is taking part in the Mid&Small Virtual Conference organized by Virgilio IR to dialogue with institutional investors, both Italian and International.

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SIT joins the European Clean Hydrogen Alliance

November 24th, 2020 Posted by Marco Travaglio Homepage 0 thoughts on “SIT joins the European Clean Hydrogen Alliance”

Padua, 24 November 2020 – SIT brings to Brussels the Italian expertise in the development and research of sustainable solutions for boilers and smart meters that also use hydrogen. The multinational based in Padua has in fact been selected to become part of the European Clean Hydrogen Alliance, an organization that brings together companies, associations, regulators, public and private entities with the aim of actively supporting the commitment of the EU to achieve carbon neutrality by 2050 thanks to the boost of hydrogen, the new “green oil”. SIT will sit in the Alliance together with important companies in the Italian scenario such as Snam and Confindustria: the goal of the alliance is also to develop an action plan for hydrogen in Italy, in line with the targets expected at EU level, or 13-14% of the European energy mix by 2050, starting from the current 2%. The first phase of the EU strategy for clean hydrogen (which runs from 2020 to 2024) aims to decarbonize the current European hydrogen production, with at least 1 million tons of renewable hydrogen and the installation of at least 4 GW of electrolyzers.

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SIT continues to invest in the “connected economy”: Crm Salesforce adopted

November 19th, 2020 Posted by Marco Travaglio Homepage 0 thoughts on “SIT continues to invest in the “connected economy”: Crm Salesforce adopted”

Padua, 19 November 2020 – The Cluetrain Manifesto, back in 1999, invited companies to operate in an increasingly interconnected way in what were called “conversational markets”. Today this mindset – thanks to the expansion of technology – is the basis of many entrepreneurial business models, as well as an integral part of a company’s values. This is demonstrated by SIT, a multinational group with headquarter in Padua and production plants all over the world (over 2,000 employees worldwide), which strongly believes in the interconnection of data: from smart meters that accurately measure the data of energy use and send it to the end-consumer, to the company organisation that is taking an increasingly “smart” path.

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