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

June 23rd, 2021 Posted by Marco Travaglio Homepage 0 thoughts on “SIT takes part in the HPB Expo from 24 to 26 June 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.

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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 is partner of the “Value of Water for Italy Community” promoted by The European House – Ambrosetti

February 11th, 2021 Posted by sitgroup2017 Tutte, Homepage 0 thoughts on “SIT is partner of the “Value of Water for Italy Community” promoted by The European House – Ambrosetti”

Padua/Milan February 10, 2021 – SIT SpA, a multinational company listed on the MTA segment of the Italian Stock Exchange which, through the Heating and Smart Metering divisions, creates smart solutions for the control of environmental conditions and for the measurement of consumption, has joined- as a partner – the Community “Valore Acqua per l’Italia” (Value of Water for Italy), the discussion platform promoted by The European House – Ambrosetti which deals with the issue of water resource management as a driver of competitiveness and industrial development, with the aim of making proposals to the country system.

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SIT obtains the AEO (Authorized Economic Operator) Full authorization status

February 2nd, 2021 Posted by sitgroup2017 Homepage 0 thoughts on “SIT obtains the AEO (Authorized Economic Operator) Full authorization status”

To date, only 1,500 companies in Italy have obtained AEO authorization, 17 thousand in Europe
Padua, February 2, 2021 – The Covid-19 pandemic and other geopolitical events (such as, for example, Brexit) have turned the spotlight on some central elements for businesses, in particular data security (financial and otherwise) and company procedures, the centrality of logistic flows and the international movement of goods.

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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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