Gas controls maker SIT returns to H1 profit
Gas controls maker SIT returns to H1 profit
Overview
Italy heating and metering solutions provider's H1 2026 revenue fell 1.9% yr/yr
EBIT for H1 2026 rose 42.3%, returning to profit
Operating cash flow for H1 2026 improved to EUR 15.9 mln
Outlook
SIT confirms its outlook for 2026, expecting to improve profitability and cash generation
Result Drivers
ITALY SALES DECLINE - Co said H1 sales in Italy fell 9.4% yr/yr due to weaker market demand in Central Heating
EUROPE EX-ITALY GROWTH - Co said H1 sales in Europe excluding Italy grew 11.2% yr/yr, driven by Turkey and Central Europe
Company press release: ID:nBIA6tnjxd
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 150.80 mln |
|
H1 Operating result |
| EUR 5.40 mln |
|
H1 Operating Cash Flow |
| EUR 15.90 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for SIT SpA is €3.39, about 23.3% above its August 4 closing price of €2.75
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Reuters Recommended Reads
Aug 4 - Italy's MARR half-year profit falls on higher costs
Aug 4 - Italy's IGD H1 FFO rises 21.7%; lifts 2026 outlook
Aug 4 - UK's Rotork H1 revenue stable on growth in CPI, water and power segment
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)