SIT’s headline sales numbers for FY21 are broadly in line with our forecasts with the heating business showing a bounce from FY20 and the Janz acquisition delivering strong growth. Smart gas metering is slowing as expected while the geographic focus of demand transitions away from Italy. Other than truing up the revenues numbers we are not adjusting our forecasts and the broad picture remains unchanged in our view. We think the ability of the company to create performance from Janz shows its abi ....
19 Jan 2022
SIT - Full Year Confirms Heating Bounce
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SIT - Full Year Confirms Heating Bounce
SIT’s headline sales numbers for FY21 are broadly in line with our forecasts with the heating business showing a bounce from FY20 and the Janz acquisition delivering strong growth. Smart gas metering is slowing as expected while the geographic focus of demand transitions away from Italy. Other than truing up the revenues numbers we are not adjusting our forecasts and the broad picture remains unchanged in our view. We think the ability of the company to create performance from Janz shows its abi ....