SIT’s full year results broadly confirm the picture seen when the preliminary sales figures were announced but there has been a slight improvement with outturn sales growth of 3.4% against the 3.3% signalled in January. Both sales and EBITDA modestly beat our forecasts and the heating and water metering business continues to show growth across the year. The fourth quarter saw a rebound in gas metering and we expect this to continue in FY 23. Heating may slow however given the impact of higher in ....


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SIT - Q4 Shows a Rebound
SIT’s full year results broadly confirm the picture seen when the preliminary sales figures were announced but there has been a slight improvement with outturn sales growth of 3.4% against the 3.3% signalled in January. Both sales and EBITDA modestly beat our forecasts and the heating and water metering business continues to show growth across the year. The fourth quarter saw a rebound in gas metering and we expect this to continue in FY 23. Heating may slow however given the impact of higher in ....