SIT has sustained its first quarter growth into Q2 as key markets emerge from the COVID related slow downs see last year. Heating has seen the strongest growth but even after adjusting for the Janz acquisition, metering has continued to grow. We upgraded forecasts at the time of the Q1 statement, given an encouraging outlook statement, and we now see this as vindicated, with today’s strong statement adding an element of de-risking to the full year outlook.
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SIT - Q2 Continues Strong Growth
SIT has sustained its first quarter growth into Q2 as key markets emerge from the COVID related slow downs see last year. Heating has seen the strongest growth but even after adjusting for the Janz acquisition, metering has continued to grow. We upgraded forecasts at the time of the Q1 statement, given an encouraging outlook statement, and we now see this as vindicated, with today’s strong statement adding an element of de-risking to the full year outlook.