(Alliance News) - SIT Spa reported on Friday the preliminary result of realized characteristic sales in 2022, which amounted to EUR387.6 million, up 3.3 percent from EUR375.2 million in 2021.

For the Heating division, realized sales in the year ending December 31, 2022 amounted to EUR315 million, up 5.6 percent from the EUR298.2 million realized in 2021, while for the Metering division in 2022 sales amounted to EUR72.6 million, down 5.7 percent from the EUR77.0 million in 2021.

Specifically, in Smart Gas Metering, 2022 sales, in line with forecasts, are EUR48.4 million, down 15 percent from EUR57.1 million in the previous year.

In Water Metering, 2022 realized sales are EUR24.2 million up 21.6 percent from the previous year.

On Thursday, SIT closed down 0.6 percent at EUR6.22 per share.

By Claudia Cavaliere, Alliance News reporter

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