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.

Read the press release

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.

Read the press release

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.

Leggi il comunicato stampa

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).

Read the press release

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.

Read the press release

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.

Read the press release

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.

Read the press release

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.

Read the press release

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.

Read the press release

SIT in Q3 recovers revenues and margins Core Heating business up 3%

November 5th, 2020 Posted by Marco Travaglio Homepage 0 thoughts on “SIT in Q3 recovers revenues and margins Core Heating business up 3%”

Padua, November 5, 2020

The Board of Directors of SIT S.p.A., listed on the main market of the Italian Stock Exchange, in a meeting today presided over by Federico de’ Stefani, the Chairman and Chief Executive Officer, approved the consolidated 9M 2020 results.

Read the press release

Posts in Homepage