SIT S.p.A. Achieves Strong Recovery and Performance in H1 2025, Supporting Buy Rating and Increased Target Price

In a report released on September 8, Giada Cabrino from Intesa Sanpaolo maintained a Buy rating on SIT S.p.A., with a price target of €2.10.

Giada Cabrino’s rating is based on SIT S.p.A.’s demonstrated recovery and strong performance in the first half of 2025. The company’s revenues aligned with expectations, while adjusted EBITDA exceeded forecasts due to increased volumes and efficiency improvements from recent reorganization efforts. SIT’s profitability is anticipated to benefit further from positive seasonal trends in the Heating & Ventilation Division and continue on its path to normalization.
Despite challenges with the net financial position, which is gradually improving, the company has maintained its guidance for fiscal year 2025, aiming for high single-digit revenue growth and a double-digit adjusted EBITDA margin. Cabrino’s confidence is bolstered by SIT’s multinational presence, diverse portfolio, and strong R&D capabilities, alongside cost optimization measures and a normalization of capital expenditures following years of significant investments. These factors collectively support the Buy rating and the increased target price of EUR 2.1.

Cabrino covers the Industrials sector, focusing on stocks such as TraWell Co S.p.A., SIT S.p.A., and Franchi Umberto Marmi SpA. According to TipRanks, Cabrino has an average return of -1.6% and a 43.86% success rate on recommended stocks.