SIT (SIT) Q1 2026 earnings summary

Executive summary

• Q1 2026 consolidated revenues reached €72.4M, up 3.3% year-over-year, with both divisions contributing to growth.

• EBITDA rose 50.6% to €8.4M (11.6% margin), reflecting improved efficiency and reorganization benefits.

• EBIT turned positive at €2.4M (3.4% margin), reversing last year's operating loss.

• Net income was positive at €0.6M, a notable achievement given typical seasonality and a prior year loss.

• Net debt stood at €139.2M, stable sequentially and improved from €147.2M a year ago.

Financial highlights

• Revenues reached €72.4M (+3.3% YoY), with EBITDA margin at 11.6% and EBIT at 3.4%.

• 12-month adjusted EBITDA reached €44M (13.7% margin), up from just under €43M for FY 2025.

• Net income improved to €0.6M from a €2.9M loss YoY.

• Operating cash flow was €1.4M after €2.4M–€2.5M capex, both in line with plans.

• Net debt/EBITDA leverage improved to 3.2x from 4.7x YoY.

Outlook and guidance

• Full-year outlook reaffirmed for low single-digit consolidated revenue growth and further profitability improvement.

• Positive cash generation and further net debt reduction remain key management priorities.

• Inflationary pressures and geopolitical risks, notably in the Middle East and US-Iran conflict, are being monitored as potential headwinds.