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First half characterized by large adjustments The action plan is being implemented as a result of major destocking in the distribution chain, continuing high interest rates and historically low housing production – at the same time, we expect a gradual improvement in demand in all three business areas in the second half of the year. The Group's sales declined by 16.8% during the period (compared with growth of 27.6% in the previous year), of which the organic decline was 22.3% (compared with...

First half characterized by large adjustments The action plan is being implemented as a result of major destocking in the distribution chain, continuing high interest rates and historically low housing production – at the same time, we expect a gradual improvement in demand in all three business areas in the second half of the year. SALES totaled SEK 19,529 (23,479) million ADJUSTED OPERATING PROFIT amounted to SEK 1,185 (3,602) million ADJUSTED PROFIT AFTER NET FINANCIAL ITEMS amounted to SEK...

Simon Karlin, currently the head of the EMEA business area at Beijer Ref, has been appointed the new head of the business area NIBE Climate Solutions and a member of NIBE Industrier AB’s Group management. Simon Karlin will take up his position in the fall of 2024. Simon Karlin has played a key role in the global expansion of Beijer Ref (publ) for 20 years, driving profitable performance both through organic growth and through acquisitions in a decentralized structure. He has also been a member...

The Annual General Meeting of NIBE Industrier AB (publ) was held on Thursday, May 16, 2024, at NIBE’s new wood stove factory in Markaryd. Dividend The AGM approved the Board’s proposal to pay a dividend of SEK 0.65 per share. The record date for the payment of the dividend is May 20, 2024. Members of the Board Eva Karlsson, Gerteric Lindquist, Hans Linnarson, Anders Pålsson and Eva Thunholm were re-elected to the Board and James Ahrgren and Camilla Ekdahl were newly elected. Hans Linnarson...

Large reductions in inventories at distributors, continued high interest rates and unusually low level of housing production – gradual improvement in demand expected in the second half of the year. Sales decreased by 18.5% to SEK 9,494 (11,646) million Adjusted operating profit amounted to SEK 516 (1,755) million Adjusted profit after net financial items amounted to SEK 184 (1,654) million Earnings per share adjusted for items affecting comparability amounted to SEK 0.02 (0.63) Review of total...

Following the sudden media debate in recent days, the shareholders named below, in consultation with the Board of Directors, have agreed on the following: NIBE Industrier AB’s Board of Directors will shortly establish a Remuneration Committee and an Audit Committee. In addition, we will ensure that NIBE Industrier AB has a Nomination Committee, with representatives of the major institutional owners, in good time for the 2025 Annual General Meeting. Markaryd, Sweden, May 15, 2024 Gerteric...

The Annual Report for NIBE Industrier for 2023 is now available on the website, www.nibe.com. The complete annual report is sent to all shareholders who have informed the company that they wish to receive written information. For more information: Gerteric Lindquist, CEO and Hans Backman, CFO; +46 (0) 433-27 30 00 This press release contains information that NIBE Industrier AB (publ) is obliged to make public pursuant to the Swedish Securities Markets Act. This information was submitted by the...

The shareholders of NIBE Industrier AB (publ) are hereby invited to attend the Annual General Meeting on Thursday 16 May 2024, at 5.00 p.m. in Contura’s new fire place factory, Hyltevägen 34, Markaryd. Between 1.00 and 4.00 p.m. the shareholders are welcome to visit Contura’s product exhibition at Skulptörvägen 10 as well as NIBE Energy Systems’ product exhibition and Vetenskapshuset at Hannabadsvägen 1 in Markaryd. RIGHT TO PARTICIPATE Shareholders are entitled to participate in the...

The start of 2024 has confirmed much weaker demand in the European heat pump market. To properly deal with this situation in a responsible manner, on February 16th this year we announced that we would be introducing a plan in response that would be aimed at reducing staff and overhead costs, particularly within NIBE Climate Solutions in Europe. We are now entering into negotiations to implement these measures in order to align costs and staffing with the current lower sales volumes, we are also...

Large fluctuations in demand and a clear decline in the European heat pump market in the second half of the year. Action program to be initiated. Target of SEK 80 billion remains unchanged. Sales rose by 16.4% to SEK 46,649 (40,071) million Profit after net financial items amounted to SEK 6,331 (5,675) million Profit after net financial items in the previous year was boosted by non-recurring gains of SEK 118 million: SEK -114 million in Q1 and SEK +232 million in Q2 Earnings per share amounted...

Fredrik Erlandsson, the current Head of Corporate Communications and Investor Relations at Thule Group (publ), has been appointed Head of Corporate Communications and Investor Relations and a member of NIBE Industrier AB’s Management team. For the past 13 years, Fredrik has been part of the Management team at the Thule Group, playing a key role in the company’s repositioning as a global lifestyle company. Since the Group’s listing in 2014, Fredrik has been responsible for its collective...

Klas Dahlberg, currently Head of Business Area NIBE Climate Solutions, has been appointed new Managing Director and CEO of Hexpol AB (publ), a position he will take up July 1, 2024 at the latest. The recruitment process to find his successor will begin straight after the approaching Christmas and New Year holidays. For more information: Hans Linnarson, Chairman of the Board and Gerteric Lindquist, CEO, +46 (0)433 27 30 00 This press release contains information that NIBE Industrier AB (publ) is...

NIBE Industrier AB has acquired 70% of the shares in Danish LS Control A/S. The remaining 30% of the shares are to be acquired in two stages by 2028 at the latest. LS Control develops, manufactures and sells electronics for control and regulation to customers in the ventilation and heat pump industry. The company also has customers in medical technology, laboratory equipment and professional catering. The company’s range consists partly of customer-unique products and partly of a standard...

Overall, good demand so far but with large variations. Return to normal delivery times. Sales rose by 23.2% to SEK 34,993 (SEK 28,404) million Profit after net financial items amounted to SEK 4,953 (3,904) million. Profit after net financial items in the previous year was boosted by non-recurring gains of SEK 118 million: SEK -114 million in Q1 and SEK +232 million in Q2 Earnings per share amounted to SEK 1.89 (SEK 1.48) Acquisitions of Miles Industries of Canada, Climate for Life of the...

Overall, good demand so far but with large variations. Return to normal delivery times. Sales rose by 23.2% to SEK 34,993 (SEK 28,404) million Profit after net financial items amounted to SEK 4,953 (3,904) million. Profit after net financial items in the previous year was boosted by non-recurring gains of SEK 118 million: SEK -114 million in Q1 and SEK +232 million in Q2 Earnings per share amounted to SEK 1.89 (SEK 1.48) Acquisitions of Miles Industries of Canada, Climate for Life of the...

Georg Brunstam was a director of the board of NIBE Industrier AB (publ) since 2003. Georg has been a very valued board member and friend. The board and management are grateful for his commitment and the time we had with him. Our thoughts go out to Georg's family. For more information: Hans Linnarson, Chairman of the Board, +46 (0) 433 27 30 00 This information was submitted by the contact person above for publication on September 1, 2023 at 18:00 CET. Attachment PM-2023-0901-eng...

Continued strong demand and clear improvement in supply chain situation. Sales rose by 27.6% to SEK 23,479 (18,405) million Profit after net financial items amounted to SEK 3,355 (2,453) million Profit after net financial items in 2022 positively affected by SEK 118 million in respect of one-off events; SEK -114 million in the first quarter and SEK +232 million in the second quarter Earnings per share amounted to SEK 1.28 (0.93) Acquisition of Miles Industries of Canada, Climate for Life of the...

NIBE Industrier AB has acquired 77.5% of the shares in Ceramicx Ireland Limited, with the remaining shares to be acquired by 2025. Ceramicx is a leading manufacturer of components and systems for infrared heating. The company was founded 1992 and is based in West Cork in Ireland. Ceramicx has a turnover of EUR 10 million and an operating margin above 10%. More than 90% of sales are export sales. The company employs some 100 people. – “With this acquisition, we are further complementing our...

NIBE has now received the necessary clearance from the Dutch competition authority to acquire 100% of the shares in the Dutch Group Climate for Life (CFL) and has also successfully completed the employee consultation. Following the clearance from the Dutch competition authority and the successfully completed employee consultation, the CFL acquisition can proceed to completion. Completion of the acquisition is expected to take place on 25 July 2023. Background On 12 June 2023, NIBE announced that...

NIBE Industrier AB has acquired 83% of the shares in the Portuguese stove company Solzaima – Renewable Energy Equipment, with the remaining shares to be acquired by 2028. Solzaima has a very wide product range consisting primarily of pellet products, as well as wood-fired products for both secondary and primary heating. The company has a strong market position in Portugal but has also built a strong market position in Spain and France. The company was set up in 1978 and is based in Agueda in...