We have the same problem with our ferroli F30 which cycles between hot and cold. We have had this before and it turned out to be a hairline crack in a tiny plastic pipe that is part of the boiler. Last time our plumber identified the problem by contacting ferroli but when he removed the part to check for the crack it worsened it and the bolier would not work at all after that until the part was replaced so beware.
A ferroli user, January 2010