NIBE Industrier AB
NIBE B
ISIN SE0015988019 / Valor 111709033
NIBE Industrier AB
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About company
NIBE Industrier AB is a Swedish company that operates under the governance of the Annual General Meeting, the Board of Directors, and the Managing Director/CEO in compliance with the Swedish Companies Act. The company is known for its expertise in sustainable energy solutions, particularly in the heating, cooling, and ventilation sectors. NIBE Industrier AB has a strong focus on innovation and technological advancements in order to provide efficient and environmentally friendly products to its customers.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (03.01.2026):
NIBE Industrier AB — third quarter of 2025 (Q3 2025) results and year‑to‑date (Jan–Sep 2025): the Group reports continued recovery with Q3 sales of SEK 10,086m (Q3 2024: 9,967m) and a stronger Q3 operating profit of SEK 1,139m (912m). For Jan–Sep 2025, sales rose slightly to SEK 29,841m (29,496m), operating profit improved sharply to SEK 2,865m (1,002m) and profit after tax was SEK 1,495m (‑212m), giving earnings per share of SEK 0.74 (‑0.10). Management cites improved productivity, cost control and recovering demand but flags currency strength and geopolitical/tariff uncertainty as restraints.
Top-line and growth
Q3 2025 sales: SEK 10,086m (+1.2% YoY). Jan–Sep 2025 sales: SEK 29,841m (+1.2% YoY). Strengthening SEK reduced reported sales by about SEK 1,047m; organic growth therefore stronger (~4–6% range stated).
Profitability and margins
Q3 2025 operating profit: SEK 1,139m (Q3 2024: 912m). Jan–Sep operating profit: SEK 2,865m (1,002m). Operating margin (Jan–Sep) improved to 9.6% (previous year 3.4%); adjusted figures exclude prior action‑plan items.
Earnings and per‑share metrics
Profit after net financial items Jan–Sep: SEK 2,120m (111m). Profit after tax Jan–Sep: SEK 1,495m (‑212m). EPS Jan–Sep 2025: SEK 0.74 (‑0.10); adjusted EPS (ex items) SEK 0.74 (0.34).
Business‑area performance
NIBE Climate Solutions: continued recovery and strongest contributor — YTD sales SEK 19,569m, operating margin ~11.9% YTD; NIBE Element: stable but mixed demand, YTD sales SEK 8,480m and margin improvement; NIBE Stoves: weakest, still subdued in Europe, YTD sales SEK 2,392m and margin under pressure.
Cash, leverage and investments
Available cash and equivalents at period end: SEK 5,119m. Interest‑bearing liabilities ~SEK 23.9bn end period. Net debt/EBITDA ~2.9×. Investments YTD: SEK 1,427m (mainly buildings/machinery).
One‑off items and adjustments
Q1 action‑plan costs (items affecting comparability) were significant in 2024/earlier 2025 reporting; adjusted operating profit for Jan–Sep 2025 equals reported (no new material items affecting comparability in Q3).
Market drivers and risks
Demand recovery for heat pumps in Europe continued, supported by product launches and marketing; North American geothermal stable. Key headwinds: stronger Swedish krona, geopolitical uncertainty and new duties/tariffs (noted impact for some product lines, e.g., stoves produced in Canada for U.S. market).
Management outlook
Management reiterates ambition to return business areas to their historical operating‑margin ranges in 2025 (but warns the stronger SEK and global uncertainty may keep margins short of targets by ~1 percentage point). Focus remains on efficiency, decentralized operations and proactive M&A readiness.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
7084 M
Market cap (USD)
4,589,784
Daily traded volume (Shares)
42.52 / 41.79
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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