ISTA - 2Q16 RESULTS
​Germany’s Ista, Europe’s leading sub-metering company, released solid 2Q16 results with sales up 5.9% to €227m and EBITDA up 6.6% to €106m. In this quarter of low seasonality, the company partly made up for the soft start in the year, which had seen some German customers delay billing activity due to the mild winter. Alongside the core German activity (58% of sales), most other countries were positively oriented, notably EU countries on the back of the transposition into national law of the EU directive requiring implementation of sub-meters in buildings with central heating by the end of 2016.
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