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Sit — Investor Presentation 2025
May 29, 2025
4054_ir_2025-05-29_18c57435-28ca-411b-bc9f-50e562e29b47.pdf
Investor Presentation
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2025 ITALIAN STOCK MARKET OPPORTUNITIES (ISMO)


AGENDA
- 1. Group Overview
- 2. Market scenario and strategic outlook
- 3. Financial results
- Annex

Group overview

SIT AT A GLANCE

SIT is a globally recognised provider of smart technologies for climate control and consumption measurement, grown through diversified solutions that combine expertise in heating and ventilation, gas and water metering across 7 production sites and 11 commercial subsidiaries worldwide.



Diversified and extensive portfolio

Strong positioning and client relationships




Data as December 31, 2024

SIT'S DIVERSIFIED BUSINESS PORTFOLIO

SIT serves multiple application areas with two Business Units (Heating&Ventilation and Metering) addressing key climate control and resource efficiency needs.

Technologies that monitor and record gas and water usage, resource efficiency, and remote management through smart metering solutions.

Heating&Ventilation
Solutions for the continuous improvement of the efficiency of gas, hybrid, biomass, and hydrogen-ready heating and cooking appliances, as well as ventilation solutions integrated into the home ecosystem

Smart Gas Metering Water Metering
Remotely controlled static residential and commercial gas meters measuring directly the standard volume in cubic meters

Residential and commercial water meters based on ultrasonic, volumetric, single, and multi-jet technology as well as smart metering solutions

HEATING&VENTILATION

SIT develops and manufactures components and systems for the safety, control and continuous improvement of energy efficiency of domestic heating, catering and professional cooking appliances and climate control solutions.
Business Model

SMART GAS METERING

SIT has developed innovative smart gas meters technologies for both residential and commercial applications that enables accurate measurement in all conditions and communication with all major protocols
. Business Model

WATER METERING

Through its subsidiary JANZ, SIT designs, manufactures, and distributes smart water meters for residential, commercial, and industrial applications.
Business Model
| Raw materials and component supplier |
Water Meter Manufacturer |
Water utility | End user | SIT manufactures complete smart water meters, integrating advanced materials and components from trusted suppliers sold directly to water distributors and other OEMs. |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Products | Appliances | Customers | |||||||
| Residential meters | • | Smart water metering systems | |||||||
| Industrial and commercial meters |
• | Domestic water supply systems | |||||||
| Registers | • | networks | Commercial and industrial water | ||||||
| Technology and accessories |
SUSTAINABILITY PLAN: "MADE TO MATTER"

SIT has embarked on a structured sustainability journey, with the goal of driving positive change towards a more sustainable, ethical, and inclusive world.
ESG 2024 Highlights

Ecovadis assigned SIT a gold rating status for 2024 with further improvement vs PY

SIT has received the prestigious "Work Life Balance Friendly Company" award established by Marisa Bellisario Foundation

Assigned Rating "B" for Climate Change and "B" - for Water in Carbon Disclosure Project (CDP), accounting improvement vs PY

Gender Equality certification based on UNIPDR 125/2022 certificated by independent third party KIWA

TOP JOBS - Italy's Best Employers 2024-'25 - The German Institute for Quality and Finance

Market scenario and strategic outlook

KEY TRENDS IN CLIMATE SOLUTIONS MARKET

H&V
The global Heating, Ventilation, and Air Conditioning (HVAC) market is poised for robust growth in the coming years, driven by factors such as increased construction activity, energy efficiency regulations, and the adoption of smart technologies.
Key Market Drivers
Energy Transition: Regulatory mandates and consumer demand are pushing manufacturers to develop more energy-efficient and sustainable HVAC solutions.
Government Incentives: Subsidies, tax credits, and rebates in regions like the U.S., Europe and China are encouraging the replacement of older systems with new, energy-efficient models.
Construction Boom: Global residential market projected at 2.2% CAGR (2024-2029) with Eastern EU outpacing West. Increased residential and commercial construction, especially in urban areas, is fuelling demand for HVAC systems.
Future Recovery: Mid to long-term market rebound expected despite current volatility.
Impact on SIT

Boilers
- Condensing boilers are expected to grow, particularly in low-income segments.
- Hydrogen-ready technologies and gas grid blending offer future potential, though widespread adoption will take time.

Heat Pumps
- EU renewable targets are boosting heat pump adoption as a key decarbonization technology.
- Reduced incentives in Western Europe may slow substitution of boilers, especially where gas remains cost-effective.

Other Applications
- Rising focus on energy efficiency is driving demand for mechanical ventilation systems.
- Growing demand in the cooker hood sector due to industry consolidation.
- HoReCa market share opportunity.
KEY TRENDS IN CONSUMPTION MEASUREMENT MARKET


Digital innovation is reshaping smart gas and water metering, enabling real-time insights, greater efficiency, network optimization and sustainable growth across both sectors.
Key Market Drivers
Increasing market penetration: Widespread smart meter adoption, especially in Italy and in the UK highlight a mature yet still addressable market, with ~8 million replacements expected in Italy by 2030 and increasing consolidation among key European players.
Regulatory Initiatives: Increasing regulation on the adoption of smart meters to improve resource management, enhance transparency, and reduce losses (e.g. leak detection and realtime consumption monitoring in the water metering).
Urbanization & Sustainability Drivers: Rapid urbanization and the rise of smart city initiatives are accelerating the adoption of intelligent metering systems. These technologies support sustainability goals by promoting efficient resource use, reducing waste, and enabling targeted conservation strategies.
Impact on SIT

Smart gas metering
- Strategic partnership with Italgas who's is expected to launch the new roll-out of Nimbus in 2026 for 6 million pcs replacement.
- Expected penetration in the UK market with multiyear contract already signed.
- Long term tender for residential NL market has been awarded.

Water metering
• Distribution of SmartIO, enabling market entry in Italy and further penetration in Spain.
ESTABLISHED PRESENCE AND STRATEGIC GROWTH PATH

H&V Smart Gas Metering
WHERE WE ARE NEXT STEPS
- Currently serving mainly residential OEMs as component supplier
- Product focus: central heating, heat pumps, mechanical ventilation and residential cooking and professional catering
- Expanding into Commercial & Industrial application
- Strong R&D projects ongoing
- Smart gas meters, mainly sold to gas distributors
- Focus on residential segment with RF169 and NB-IoT technologies
- Focused commercial footprint in Italy and UK
- From November 2024, Tunisia plant operates as a service provider instead of component resale (duties benefits)

- Growing focus on ventilation and electrification
- Targeting higher growth in ventilation and commercial applications
- Strategic acceleration in US market
- Continuing focus on R&D
- Diversify into larger commercial & industrial (C&I) applications (G40, first static meter in EU)
- Increase penetration in the domestic gas metering market
- Accelerate entry and double-digit growth in the UK and NL
- Expand product portfolio with a focus on innovation and market-specific needs.

- Supply to utilities and components to OEMs
- JANZ has grown at a +16% CAGR, expanding in Portugal, Spain, and entering Italy
- Recognized as a reliable supplier with strong heritage and specialized technologies

- Leverage JANZ's reputation to move beyond hardware into value-added offerings (add-on)
- Strengthen position with OEMs and increase direct utility engagement


NEW INITIATIVES AND ONGOING PROJECTS

JV for the development and production of a new hydrogen generation and long-term storage system for residential use, with first sale already concluded in 2024.

Partnership with Panasonic for the launch of a range of new fans for residential and commercial Heat Pumps ready to start sales in 2025.
JV dedicated to the design and production of fans for kitchen hoods and induction hobs by developing innovative, high-efficiency products tailored to specific customer needs which is already operational and has secured new clients.


SmartIO, the new smart water meter for residential use based on ultrasonic technology developed in a joint venture with GWF, a Swiss technological partner, which has received orders for start of production in Q4 2024.

Financial Results
Q1 2025: KEY FINANCIAL RESULTS
| , unless otherwise stated €M |
Q1 25 |
% | Q1 24 |
% | Chg . YoY |
|---|---|---|---|---|---|
| Revenues | 70 1 , |
100 0% , |
69 0 , |
100 0% , |
1 ,5% |
| EBIT | (0 8) , |
-1 2% , |
(0 ,5) |
-0 ,7% |
(65 2%) , |
| (charges)/income financial Net |
(1 4) , |
(1 8) , |
|||
| (charges)/income forex Net |
0 2 , |
0 2 , |
|||
| EBT | (2 1) , |
-3 0% , |
(2 1) , |
-3 0% , |
(2 0%) , |
| Taxes | (0 8) , |
0 2 , |
|||
| income Net |
(2 9) , |
1% -4 , |
(1 8) , |
-2 ,7% |
(56 0%) , |
| flow from Cash operations |
2 0 , |
(7 6) , |
|||
| NTWC | 67 0 , |
86 5 , |
|||
| financial debt Net |
147 2 , |
161 1 , |
|||
| adjusted EBITDA |
7,4 | 6% 10 , |
3 8 , |
5,5% | ,7% 94 |
| adjusted EBIT |
1 0 , |
1 ,5% |
(3 0) , |
-4 4% , |
134 ,5% |
| adjusted Net income |
(1 ,5) |
(2 2%) , |
(3 6) , |
(5 2%) , |
57,3% |
- Q1 consolidated revenues account 1,5% increase
- Divisional trends:
- Heating&Ventilation: +4,7%
- Metering: -10,8%
- Reported financials reflect ongoing reorganization activities which account one-off costs for €1,9M
- Cash flow from operations is positive for €2,0 accounting significant improvement vs PY
- NTWC of €67,0 (23,6% of revenues) vs € 86,5 of PY (31,2%)
- Net financial debt stands at €147,2 vs €161,1 of PY
• Q1 25 EBITDA adjusted and EBIT adjusted highlights operating performance turnaround
CONSOLIDATED REVENUES

Breakdown by Division
| , unless otherwise stated €M |
Q1 25 |
% | Q1 24 |
% | Chg . YoY |
|---|---|---|---|---|---|
| & Ventilation Heating |
50 1 , |
71 5% , |
47 9 , |
69 3% , |
4 7% , |
| Metering | 18 4 , |
26 3% , |
20 7 , |
29 9% , |
(10 8%) , |
| Total business sales |
68,5 | 97,8% | 68,5 | 99,3% | 0,0% |
| Other revenues |
1 5 , |
2 2% , |
0 5 , |
0 7% , |
198 6% , |
| Total revenues |
70,1 | 100,0% | 69,0 | 100,0% | 1,5% |
Breakdown by geography
| , unless otherwise stated €M |
Q1 25 |
% | Q1 24 |
% | Chg . YoY |
|---|---|---|---|---|---|
| Italy | 22 | 31 | 23 | 33 | (5 |
| 0 | 4% | 3 | 7% | 6%) | |
| , | , | , | , | , | |
| (excuding | 28 | 40 | 29 | 43 | (4 |
| Italy) | 6 | 8% | 9 | 3% | 3%) |
| Europe | , | , | , | , | , |
| America | 14 | 19 | 10 | 14 | 36 |
| 0 | 9% | 2 | 8% | 6% | |
| , | , | , | , | , | |
| Asia/Pacific | 5 | 9% | 5 | 8 | (2 |
| 5 | 7 | 7 | 2% | 4%) | |
| , | , | , | , | , | |
| Total revenues |
70,1 | 100,0% | 69,0 | 100,0% | 1,5% |
Consolidated revenue bridge (€m)

HEATING&VENTILATION SALES
Q1 Heating&Ventilation sales by geography
| , unless otherwise stated €M |
Q1 25 |
% | Q1 24 |
% | Chg . YoY |
|---|---|---|---|---|---|
| Italy | 10 | 2% | 9 | 2% | 7% |
| 6 | 21 | 2 | 19 | 15 | |
| , | , | , | , | , | |
| (excuding | 21 | 42 | 22 | 47 | (7 |
| Italy) | 2 | 2% | 9 | 8% | 5%) |
| Europe | , | , | , | , | , |
| America | 12 | 25 | 9 | 20 | 31 |
| 9 | 7% | 8 | 4% | 4% | |
| , | , | , | , | , | |
| Asia/Pacific | 5 | 10 | 6 | 12 | (9 |
| 5 | 9% | 0 | 6% | 5%) | |
| , | , | , | , | , | |
| Total business sales |
50,1 | 100,0% | 47,9 | 100,0% | 4,7% |
Heating & Ventilation weekly order portfolio trend

Divisional sales up 4,7%, forex impact not material
- Italy accounts 15,7% increase confirming positive trend of the last quarters of PY. All product families involved, especially ventilation for Direct Heating applications
- Europe down 7,5% vs PY. Performance is impacted by specific customers and Central Heating applications, with Turkey decrease above average. Central Europe markets are up 10,7% thanks to electronics, while UK is in line with PY
- America. Q1 sales are up €3,0M, +31,4% due to both Central Heating and Direct Heating application. Forex impact not material
- Asia/Pacific slowed down vs PY mainly due to China only partially offset by other markets
- Q1 order intake shows a significantly improved trend vs PY (+15≈20% on average) and underlines positive outlook for following months
METERING SALES
Q1 Smart Gas Metering
| , unless otherwise stated €M |
Q1 25 |
% | Q1 24 |
% | Chg . YoY |
|---|---|---|---|---|---|
| Residential | 10 1 , |
89 0% , |
11 0 , |
82 0% , |
(8 3%) , |
| Commercial Industrial & |
1 2 , |
10 3% , |
2 4 , |
17 7% , |
(50 8%) , |
| Other | 0 1 , |
0 7% , |
0 0 , |
0 3% , |
- |
| Total business sales |
11,3 | 100,0% | 13,4 | 100,0% | (15 ,4%) |
Q1 25 Smart Gas Metering are 94% in Italy vs 99% of PY

Q1 Water Metering
| €M , unless otherwise stated |
Q1 25 |
% | Q1 24 |
% | Chg . YoY |
|---|---|---|---|---|---|
| finished | 3 | 48 | 2 | 38 | 21 |
| Water | 5 | 5% | 8 | 9% | 6% |
| meters, | , | , | , | , | , |
| Water | 3 | 2% | 4 | 4% | (18 |
| meter | 3 | 46 | 0 | 55 | 5%) |
| parts | , | , | , | , | , |
| Other | 0 | 5 | 0 | 5 | (10 |
| 4 | 3% | 4 | 7% | 0%) | |
| , | , | , | , | , | |
| Total business sales |
7,1 | 100,0% | 7,3 | 100,0% | (2 ,4%) |

NET TRADE WORKING CAPITAL

| €M, unless otherwise stated | 2025.03 | 2024.12 | YTD change |
2024.03 | 2023.12 | YTD change |
YoY change |
|---|---|---|---|---|---|---|---|
| Inventory | 77,5 | 72,3 | 5,2 | 90,9 | 83,3 | 7,5 | (13,4) |
| Accounts receivables | 57,2 | 60,3 | (3,1) | 63,3 | 63,5 | (0,2) | (6,1) |
| Accounts payables | (67,8) | (66,9) | (0,8) | (67,7) | (66,9) | (0,8) | (0,1) |
| Net Trade Working Capital | 67,0 | 65,6 | 1,3 | 86,5 | 79,9 | 6,6 | (19,5) |
| NTWC/Revenues | 23,6% | 21,9% | 1,7% | 31,2% | 24,5% | 6,7% | -7,7% |
YTD reported Q1 25 NTWC: +€1,3 Non recourse factoring 0,8 3,9 (3,2) 4,2 4,7 (0,5) (3,5)
- Inventory increase (+€5,2) reflects seasonality in H&V and order book in the Metering business Accounts receivables adjusted 58,0 64,2 (6,2) 67,5 68,1 -0,6 (9,6)
- Account Receivables decrease highlights EoP cash management focus AR adjusted/Revenues 20,4% 21,4% -1,0% 24,4% 20,9% 3,5% -4,0%
YOY change in NTWC: reduction for €19,5 highlights focus on cash through higher efficiency and structural changes WC management Accounts payables adjusted (65,8) (63,7) (2,1) (63,9) (60,3) (3,6) (1,9) AP adjusted/Revenues 23,2% 21,3% 1,9% 23,1% 18,5% 4,6% 0,1%
Capex account payables (2,0) (3,2) 1,2 (3,8) (6,6) 2,8 1,9
Net Trade Working Capital adjusted 69,7 72,7 (3,1) 94,5 91,1 3,4 (24,8)
NTWC adjusted/Revenues 24,5% 24,3% 0,2% 34,1% 27,9% 6,2% -9,6%
CASH FLOW AND NET DEBT

Change in net debt
| €M , unless otherwise stated |
Q1 25 |
Q1 24 |
|---|---|---|
| Current cash flow |
6 0 , |
4 0 , |
| Change in NTWC |
(0 3) , |
(6 0) , |
| Inventory | (5 5) , |
(7 0) , |
| Accounts Receivables |
3 0 , |
0 4 , |
| Accounts Payables |
2 1 , |
0 5 , |
| Other working capital |
(1 2) , |
(1 1) , |
| Capex , net |
(2 4) , |
(4 4) , |
| Cash operations flow from |
2 0 , |
(7 6) , |
| Financial charges |
(1 7) , |
(2 3) , |
| IFRS 16 - Leases |
(0 3) , |
(0 1) , |
| Other | (1 3) , |
2 6 , |
| Change in debt net |
(1 4) , |
(7 4) , |
| Net debt - BoP |
145 9 , |
153 7 , |
| Net debt - EoP |
2 147 , |
161 1 , |
- Current cash flow benefits from operating performance improvement
- NTWC shows significant improvement supporting inventory seasonality
- Capex Q1 is in line as planned, full year outlook confirmed
- Cash flow from operations is positive for €2,0M
Net financial position
| €M, unless otherwise stated |
31/03/2025 | 31/12/2024 | 31/03/2024** |
|---|---|---|---|
| (Cash & cash equivalents) |
(11,9) | (14,0) | (11,3) |
| Current debt, net |
24,2 | 23,8 | 32,3 |
| Non debt current |
121,7 | 121,8 | 127,8 |
| MTM derivatives & M&A debt |
1,9 | 2,6 | (0,6) |
| IFRS 16 - Leases |
11,3 | 11,7 | 12,8 |
| Net debt - EoP |
147,2 | 145,9 | 161,1 |


Annex
CONSOLIDATED YEARLY FINANCIALS

Consolidated revenues (€m) EBITDA adjusted (€m)


Cash flow from operations (€m) Net debt (€m)


SHAREHOLDING'S BASE

| Shareholder | Nr. Shares | % on Share Capital |
|---|---|---|
| Technologies S.A.P.A. di F.D.S. S.S. |
13.279.465 | 52,88% |
| Findest S.p.A. |
5.886.135 | 23,44% |
| Treasury Shares | 650.327 | 2,59% |
| Market | 5.294.282 | 21,08% |
| Tot | 25.110.209 | 100,00% |

As December 31, 2024
Q1 2025 INCOME STATEMENT
| emarket sdir storage |
|---|
| CERTIFIED |
| (Euro.000) | Q1 2025 | Q1 2024 | |
|---|---|---|---|
| Revenues from sales and services | 70,054 | 69,045 | |
| Raw materials, ancillaries, consumables and goods |
39,130 | 41,924 | |
| Change in inventories |
(5,671) | (7,030) | |
| Services | 11,793 | 11,033 | |
| Personnel expense | 18,631 | 19,068 | |
| Depreciation, amortisation and write-downs | 6,394 | 7,021 | |
| Provisions | 246 | 159 | |
| Other charges (income) |
344 | (2,637) | |
| EBIT | (813) | (493) | |
| Investment income/(charges) Gains/(Losses) from valuations of minority option liabilities |
- - |
- - |
|
| Financial income | 113 | 128 | |
| Financial charges | (1,548) | (1,885) | |
| Net exchange gains (losses) |
156 | 199 | |
| Impairments on financial assets |
- | - | |
| Profit before taxes |
(2,092) | (2,051) | |
| Income taxes |
(787) | 206 | |
| Net profit for the year | (2,879) | (1,846) | |
| Minority interest result | 109 | - | |
| Group net profit | (2,987) | (1,846) |
Q1 2025 BALANCE SHEET
| Post -employment benefit provision Other non -current liabilities Deferred tax liabilities Non -current liabilities Short -term loans and borrowings Other current financial liabilities and derivative financial instruments Trade payables Other current liabilities Tax payables Current liabilities Total Liabilities |
||
|---|---|---|
| 282,954 | 285,353 | |
| 122,590 | 125,887 | |
| 1,352 | 1,774 | |
| 21,877 | 22,957 | |
| 67,761 | 66,933 | |
| 13,854 | 14,868 | |
| 17,747 | 19,356 | |
| 160,363 | 159,465 | |
| 10,465 | 10,629 | |
| 3,898 | 3,825 | |
| 4,403 | 4,504 | |
| Provisions for risks and charges | 10,074 | 9,337 |
| Other non -current financial liabilities and derivative financial instruments |
55,002 | 54,560 |
| Medium/long -term loans and borrowings |
76,521 | 76,610 |
| Shareholders' Equity | 97,631 | 101,422 |
| Minority interest net equity | 970 | 862 |
| Net profit/(loss) | (3,849) | (31,573) |
| Total Reserves | 4,348 | 35,972 |
| Share capital | 96,162 | 96,162 |
| Total assets | 380,585 | 386,775 |
| Current assets | 163,194 | 164,971 |
| Cash and cash equivalents | 11,933 | 14,038 |
| Other current financial assets | 3,965 | 5,505 |
| Tax receivables | 1,666 | 2,372 |
| Other current assets | 10,917 | 10,517 |
| Trade receivables | 57,221 | 60,274 |
| Inventories | 77,491 | 72,263 |
| Non -current assets |
217,391 | 221,804 |
| Deferred tax assets | 12,076 | 12,665 |
| Non -current financial assets |
3,391 | 2,573 |
| Investments in other companies | 1,081 | 1,081 |
| Property, plant & equipment | 91,910 | 95,229 |
| Other intangible assets | 45,655 | 49,978 |
| (Euro.000) Goodwill |
Q1 2025 63,278 |
FY 2024 63,278 |
Q1 2025 CASH FLOW STATEMENT
| emarket sdir scorage |
|---|
| CERTIFIED |
| (Euro.000) | Q1 2025 | Q1 2024 |
|---|---|---|
| Net profit | (2,879) | (1,846) |
| Amortisation & depreciation | 6,391 | 6,845 |
| Non -cash adjustments |
290 | (2,520) |
| Income taxes | 786 | (208) |
| Net financial charges/(income) | 1,434 | 1,757 |
| CASH FLOW FROM CURRENT ACTIVITIES (A) | 6,022 | 4,028 |
| Changes in assets and liabilities: | ||
| Inventories | (5,452) | (6,983) |
| Trade receivables | 3,001 | 435 |
| Trade receivables | 2,108 | 541 |
| Other assets and liabilities | (762) | (1,087) |
| Income taxes paid | (479) | (62) |
| CASH FLOW GENERATED (ABSORBED) FROM CHANGES IN WORKING CAPITAL (B) | (1,584) | (7,156) |
| CASH FLOW FROM OPERATING ACTIVITIES (A + B) | 4,438 | (3,128) |
| CASH FLOW FROM INVESTING ACTIVITIES (C) | (2,444) | 4,439 |
| CASH FLOW FROM OPERATING & INVESTING ACTIVITIES (A + B + C) | 1,994 | (7,567) |
| Financing activities: | ||
| Interest paid | (387) | (682) |
| Repayment of non -current financial payables |
(645) | (2,289) |
| Increase (decrease) current financial payables | (2,911) | 7,750 |
| Increase (decrease) other financial payables | (795) | (753) |
| New loans | 926 | 1,297 |
| CASH FLOW FROM FINANCING ACTIVITIES (D) | (3,812) | 5,323 |
| Change in translation reserve | (288) | (185) |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (A + B + C + D) | (2,106) | 2,429 |
| Cash & cash equivalents at beginning of the year | 8,700 | |
| 14,038 | ||
| Increase (decrease) in cash and cash equivalents | (2,106) | (2,429) |
MISSION & VISION

OurVISION
SIT's vision is to be recognized as
the leading sustainable partner
- for energy and climate control solutions and to
- enjoy the journey
OurMISSION
Our commitment is to create smart solutions for climate control and consumption measurement for a more sustainable world

SIT'S VALUES
CUSTOMER ORIENTATION
All people in SIT aim to fulfill and exceed customer expectations. No matter if external or internal, the customer is our compass
.
.

LEAD BY EXAMPLE
SIT is a leader in market in which is active. Our people are leaders in the day-by-day work. Brave leaders that act by examples
SUSTAINABILITY
Sustainable company for the stakeholders. Sustainable products for the environment. Sustainable work life balance for the employees

LEAN
No frills. We act timely and do not miss deadlines. We deliver "on time in full"
TECHNOLOGY
We master technology and look forward, supporting our customers with state-of-the-art solutions and stimulating innovation through collaboration

PASSION
Taking commitment with enthusiasm is a daily act at all organizational levels. Accountability and engagement are rewarded, well knowing that mistakes are part of life
BEYOND HEATING: SIT'S GLOBAL JOURNEY OF DIVERSIFIED INNOVATION

From its origins as an Italian heating specialist, SIT Group has expanded its footprint and portfolio to become a global multinational in the gas and water metering industry through strategic M&A, JVs and intensive R&D.

FROM FOUNDATION TO GLOBAL INDUSTRIAL GROUP

1953
Pierluigi and Giancarlo de' Stefani
established SIT La Precisa, a company operating in precision mechanics, in Padova (Italy).
Today
Today more than 2000 people work for SIT
distributed in production plants, subsidiaries, sales offices, and agencies all over the world. This highly international workforce represents a guarantee of competence and internationalism for customers everywhere.
More than 65% of the company's employees work outside Italy.

APPLICATIONS

Heating & Ventilation
- CENTRAL HEATING combined heating and hot water systems
- DIRECT HEATING gas and pellet stoves and fireplaces
- STORAGE WATER HEATING domestic water heating
- PROFESSIONAL COOKING EQUIPMENT collective and community cooking appliances and high-end cooker hoods
- MECHANICAL VENTILATION Controlled Mechanical Ventilation solutions
- HEAT PUMPS solutions for Heat Pumps

• SMART GAS METERING
Residential, commercial, and industrial smart gas meters

• WATER METERING
Residential, commercial, and industrial smart water meters
PRODUCTS


CENTRAL HEATING BOILERS COMBINING HEATING AND DOMESTIC HOT WATER


SIT is the world's top name in the production of multifunctional, regulating, safety gas valves

Innovative solutions for sub-assembled and pre-tested integrated systems (modules) for condensing boilers

SIT is the main European player for the non captive electronic controls market

Air management technology (Fans and Exhaust systems) complete SIT traditional offering


DIRECT HEATING FIREPLACES AND STOVES



SIT manufactures and markets:
- mechanical controls (gas valves and sensors),
- electronic controls (main boards, remote controls and user interfaces)
- fans for gas fireplaces
- stoves and space heaters
Main markets are:
North America, UK and Europe

STORAGE WATER HEATING FOR DOMESTIC WATER HEATING





SIT manufactures and markets:
- self-powered mechanical controls
- self-powered electronic controls
- integrated systems for premix appliances
- electronics, pilots and accessories
New efficiency standards provide opportunities to increase technological content and differentiation of offering

Markets include:
North America, Argentina and Australia

MECHANICAL VENTILATION


SIT manufactures and markets:
- fans
- electronic controls (main boards)
- air quality monitoring sensors
Controlled Mechanical Ventilation solutions enable air exchange and filtration and, through heat exchange between the outgoing and incoming air, improve the thermal efficiency of buildings
Main market is:
Europe

HEAT PUMPS



SIT manufactures and markets:
- fans for heat pumps
wishperTECH450 is the new axial fan with a three-blade design developed to make heat pumps quieter.
It is available in different configurations to adapt to the specific needs of each heat pump manufacturer, to guarantee the best performance, minimum noise, and compatibility with all refrigerant gases, including R290.

PROFESSIONAL COOKING AND CATERING APPLIANCES


SIT manufactures and markets :
- mechanical controls
- fans
- for:
- collective and community cooking appliances - high end cooker hoods
Main markets:
Europe and USA SIT is market leader in Europe

SMART GAS METERING



MeteRSit manufactures and markets:
- smart gas meters for residential, commercial and industrial use, and accessories.
Innovative thermo-mass flow sensor technology that enables accurate measurement in all conditions without the addition of external conversion and communication devices - truly disruptive, particularly for commercial and industrial applications.
A comprehensive range of smart and integrated gas meters small and easy to install displaying readings in standard cubic meters, no external devices needed for conversion and for communication, for an accurate billing transparent to the end customer.
All major communication standards and protocols are supported.
Developed and assembled with a modular approach.
SMART WATER METERING



JANZ manufactures and markets:
Residential, commercial, and industrial water meters based on ultrasonic, volumetric, single, and multi-jet technology as well as smart metering solutions with which it equips its meters and supplies the main operators in the sector.
JANZ products are MID-certified
JANZ is leading the way to a future where, through the smart use of technology, water utilities, cities, and consumers connect to the most important resource on the planet, the one that makes life possible: WATER. Discover our new range of smart water meters: MyWater Add On, eRegister, and SmartIO.
Measuring Instruments Directive
A European Union directive that seeks to harmonize various aspects of legal metrology in all countries of the European Union on measuring instruments.

PRODUCTION PLANTS

Lisbon (Portugal) Water meters

Monterrey (Mexico) Mechanical Controls, Sensors

Montecassiano (Italy) Fans, Exhaust Systems Tunisi (Tunisia) Electronic and Mechanical Controls, and plastic components

Suzhou (China) Mechanical Controls

Rovigo (Italy) Diecasting, Mechanical Controls, Sensors, Gas Meters and Logistic Hub


Brasov (Romania) Mechanical Controls, Integrated Systems, Fans

