Brief: SIT Q1 Net Profit Up At EUR 8.0 Mln

SIT SpA

12/05/2021 14:03

May 12 (Reuters) - SIT SpA  SITT.MI :
    * Q1 REVENUE EUR 92.7 MILLION VERSUS EUR 73.4 MILLION YEAR
AGO
    * Q1 NET PROFIT EUR 8.0 MILLION VERSUS EUR 4.2 MILLION YEAR
AGO
    * IN 2021 GROUP FORECASTS SALES GROWTH IN LOW DOUBLE
FIGURES, WITH
WATER METERS BUSINESS INCLUDED FOR FIRST TIME IN CONSOLIDATION
SCOPE
    * EBITDA IS EXPECTED TO GROW, WHILE MARGINS ARE FORECAST TO
SLIGHTLY DECREASE COMPARED TO PREVIOUS YEAR AS RESULT OF
EXPECTED INCREASE IN RAW MATERIAL COSTS

Source text for Eikon:  ID:nBIA2tYn1X 
Further company coverage:  SITT.MI 

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