Italy's SIT Q1 revenue rises 3.3%, EBIT turns positive

SIT SpA

07/05/2026 11:21

Overview

Italy heating and metering equipment maker's Q1 revenue grew 3.3% yr/yr

Q1 EBIT rose to EUR 2.4 mln, reversing prior-year loss

Company attributed revenue growth to both divisions, metering up 8.3% yr/yr

Outlook

Company confirms outlook for full yr, supported by strengthening fundamentals and financial discipline

Company says R&D and Metering expansion expected to drive growth in coming months

Result Drivers

METERING DIVISION - Sales rose 8.3% yr/yr, driven by Smart Gas Metering and Water Metering, including new products and strong direct sales to utilities

OPERATING EFFICIENCY - EBIT improvement attributed to efficiency and reorganization actions carried out in 2025

MARKET VOLATILITY - Co cited high market volatility and persistent geopolitical uncertainty as context for results

Company press release: ID:nBIA8KFhGl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
EUR 72.40 mln
EUR 72.50 mln (1 Analyst)
Q1 EBIT
EUR 2.40 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "buy"

Wall Street's median 12-month price target for SIT SpA is €3.40, about 27.8% above its May 6 closing price of €2.66

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)