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NIBE Industrier AB has signed an agreement to acquire 100% of the shares in the Dutch Group Climate for life (CFL) from its current shareholders including majority shareholder Parcom and its co-investor Smile Invest. CFL is a successful developer, producer and seller of energy-efficient solutions in the areas of heating and cooling, hot water, ventilation and control technology (HVAC). CFL has a strong position in the Dutch residential and commercial market and is driven by its ambitions in...

The Annual General Meeting of NIBE Industrier AB (publ) was held on Tuesday, May 16, 2023, at NIBE’s new heat pump 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 19, 2023. Members of the Board Georg Brunstam, Eva Karlsson, Jenny Larsson, Gerteric Lindquist, Hans Linnarson, Anders Pålsson and Eva Thunholm were re-elected to the Board. Hans Linnarson was re-elected as the...

Continued strong demand and clear improvement in supply chain situation. Sales rose by 33.1% to SEK 11,646 (8,749) million Profit after net financial items amounted to SEK 1,654 (906) million Earnings per share amounted to SEK 0.63 (0.33) Acquisition of Miles Industries of Canada ” Demand remained strong in the first quarter of the year. This was mainly due to the transition to a more sustainable society and volatile energy prices. Most Europeans understand that we have to wean ourselves off...

NIBE Industrier AB (publ) NOTICE OF ANNUAL GENERAL MEETING The shareholders of NIBE Industrier AB (publ) are hereby invited to attend the Annual General Meeting on Tuesday 16 May 2023, at 5.00 p.m. in NIBE’s new heat pump factory, Verkstadsgatan 3, Markaryd. Between 13.00 and 16.00 p.m. the shareholders are ­welcome to visit NIBE Stove’s product exhibition at Skulptörvägen 10 and NIBE Energy Systems’ product exhibition as well as Vetenskapshuset at Hannabadsvägen 1 in Markaryd. Right...

The Annual Report for NIBE Industrier for 2022 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...

As previously communicated in a press release on February 28, 2023, NIBE Industrier AB (“NIBE”) is in a process of evaluating a potential acquisition of all or a majority of Fujitsu General Limited . NIBE has today decided to not go forward with that process. No further comments on this matter will be made. Gerteric Lindquist, CEO, and Hans Backman, CFO +46 (0)433 27 30 00 NIBE Industrier AB (publ) is required to disclose the information in this press release under the EU’s Market Abuse...

NIBE Industrier AB (“NIBE”) notes the recent media speculation regarding its potential interest in Fujitsu General Limited and confirms that NIBE is in the process of considering a potential acquisition of all or a majority of Fujitsu General Limited. The process and the discussions are at an early stage, and there can be no certainty that any transaction will be made, or the terms of such potential transaction. Further information will be provided as appropriate. Gerteric Lindquist, CEO,...

Extremely strong demand and gradual improvement in supply situation. New sales target of SEK 80 billion. Sales rose by 30.0% to SEK 40,071 million (SEK 30,832 million) Profit after net financial items amounted to SEK 5,675 million (SEK 4,318 million) Earnings per share amounted to SEK 2.16 (SEK 1.65) Dividend of SEK 0.65/share (SEK 0.50/share) proposed One-off expenses of SEK 114 million from winding up Russian operations One-off gain of SEK 232 million from the divestment of an additional 26%...

NIBE Industrier AB has acquired 65% of the shares in the Canadian stove company Miles Industries Ltd., with the remaining shares to be acquired by 2026. Miles Industries is a family-owned company founded in 1977 by Garry and Barbara Miles. Today, the owners of Miles Industries are their sons, Martin and Paul Miles, who have also worked at the company for a long time. Miles Industries, which sells its products under the well-known Valor brand, has built up a strong network of retailers in both...

Exceptionally good demand and signs of improvement in the supply chain. One-off expenses from winding up the Russian operations and a one-time gain from the divestment of an additional 26% of the shares in Schulthess. Sales rose by 26.6% to SEK 28,404 million (SEK 22,444 million) Profit after net financial items amounted to SEK 3,904 million (SEK 3,175 million) Earnings per share amounted to SEK 1.48 (SEK 1.20) One-off expenses of SEK 114 million from winding up Russian operations One-off gain...

NIBE Group has acquired 100% of the shares of the German ELMESS-Klöpper Group a leading manufacturer in the field of electrical process heating. ELMESS-Klöpper Group comprises the operating companies Klöpper-Therm GmbH & Co. KG i Dortmund, ELMESS-Thermosystemtechnik GmbH & Co. KG in Uelzen and the management company Klöpper GmbH & Co. KG in Dortmund. ELMESS-Klöpper Group is a European market leader in the field of electrical process heating. Klöpper was founded in 1928 and Elmess in 1945....

Continued good demand but also severe materials and component shortages. One-off expenses from winding up the Russian operations and a one-off gain from the divestment of an additional 26% of the shares in Schulthess. Sales rose by 25.9% to SEK 18,405 million (SEK 14,621 million) Profit after net financial items amounted to SEK 2,453 million (SEK 2,004 million) Earnings per share amounted to SEK 0.93 (SEK 0.76) One-off expenses of SEK 114 million from winding up Russian operations One-off gain...

The NIBE Group is acquiring another 41% of the shares in the Canadian wood stove company Pacific Energy Fireplace Products Inc. on Vancouver Island, thus becoming the majority owner of the company. Early in 2021 NIBE acquired 10% of the shares in the Canadian wood stove company Pacific Energy. At the same time an agreement was signed to acquire the remaining shares in 2022 and 2023. Pacific Energy, which was founded as early as 1978 by Paul Erickson, is headquartered in Duncan, Vancouver Island,...

The NIBE Group is divesting another 26% of Schulthess Maschinen AG (‘Schulthess’) by selling the corresponding share of the owner company HC Holding Eta AG. Through this transaction NIBE will become a minority shareholder in the company with its remaining 25% shareholding . The transaction is entirely in line with the divestment process started in 2019, which entails a gradual divestment of the NIBE Group´s washing technology, equipment and systems operations. In 2019, NIBE sold 100% of its...

NIBE Industrier AB has signed an agreement to acquire 50% of the shares in the Italian company Argoclima S.p.A. and the remaining stake within a five-year period. Argoclima S.p.A, headquartered in the Italian city of Alfianello, was founded in 1929. The company is an Italian manufacturer and distributor of heat pumps and air conditioning products. Annual sales amount to around EUR 100 million and the operating margin is just under 10%. Argoclima currently has around 200 employees. “The...

The Annual General Meeting in NIBE Industrier AB (publ), held on 11 May 2021, resolved on a share split 4:1 of the company’s shares so that each existing share, irrespective of series, is divided into four shares of the same series. The Board of Directors was authorized to decide on the record date for the split. The Board of Directors has determined that the record date for the share split will be 26 May 2021. The last day of trade in the NIBE share prior to the split is 24 May 2021. The...

The annual general meeting of NIBE Industrier AB (publ) was held Tuesday, 11 May 2021. As a consequence of the Covid-19 pandemic, the meeting was conducted by postal voting only. Dividend The AGM approved the Board’s proposal to pay a dividend of SEK 1.55 per share. The record date for the payment of the dividend is 14 May 2021. Members of the Board Re-elected to the Board were Georg Brunstam, Gerteric Lindquist, Jenny Larsson, Hans Linnarson, Anders Pålsson and Jenny Sjödahl. Hans Linnarson...

• Sales rose by 7.7% to SEK 6,831 million (SEK 6,345 million) • Profit after net financial items rose by 45.1% to SEK 833 million (SEK 574 million) • Earnings per share amounted to SEK 1.26 (SEK 0.84) • Acquisition of English Heat Trace (after the end of the period) “Demand was strong in all three business areas in the first quarter of the year. Market segments with a clear sustainability profile, such as heat pumps, continued to perform well. It is also clear that changes in end...

NIBE Industrier AB has acquired 100% of the shares in the English heating cable company Heat Trace Holdings Ltd. Heat Trace, founded in 1974, develops, manufactures and markets electric heating cables for use in many industries. The business has 66 employees with operations in Helsby, east of Liverpool, and in Stockport, south of Manchester. The innovative company has several unique proprietary products and is a technical leader in the world for semi-conductive self-regulating cables in terms of...

NIBE Industrier AB (publ) NOTICE OF ANNUAL GENERAL MEETING The shareholders of NIBE Industrier AB (publ) are hereby invited to attend the Annual General Meeting on Tuesday 11 May 2021. Due to continued restrictions related to the COVID-19 pandemic, the board of directors has decided that the Annual General Meeting shall, by authority of temporary statutory requirements, be conducted without physical presence of shareholders, representatives or third parties and that the shareholders shall be...