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Nibe Industrier AB (NIBEb.ST)

NIBEb.ST on Stockholm Stock Exchange

70.75SEK
23 Mar 2017
Change (% chg)

0.85kr (+1.22%)
Prev Close
69.90kr
Open
69.90kr
Day's High
70.80kr
Day's Low
69.65kr
Volume
329,659
Avg. Vol
763,592
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76.29kr
52-wk Low
61.60kr

Latest Key Developments (Source: Significant Developments)

BRIEF-Nibe 2016 pretax profit matches forecasts
Thursday, 16 Feb 2017 02:00am EST 

Nibe Industrier AB : Says dividend of SEK 0.88/share (SEK 0.80/share) proposed . 2016 sales rose by 15.9% to SEK 15,348 million (SEK 13,243 million) . Says profit after net financial items rose by 15.9% to SEK 1,871 million (SEK 1,614 million) . Says sales target of SEK 20 billion by 2020 now seems within reach . Says thanks to long-term, passionate, methodical efforts, Nibe Element business area has now definitely exceeded a 10% operating margin, and by a good margin. . Reuters poll: Nibe Jan-Dec sales were seen at SEK 15.2 billion, operating profit SEK 1,987 million, pretax profit SEK 1,869 million, dividend at SEK 0.86 per share . Says we remain cautiously positive about the year overall. .Says we are well-prepared for being proactive on acquisitions..  Full Article

Nibe 2016 pretax profit matches forecasts
Thursday, 16 Feb 2017 02:00am EST 

Nibe Industrier AB : Says dividend of SEK 0.88/share (SEK 0.80/share) proposed . 2016 sales rose by 15.9% to SEK 15,348 million (SEK 13,243 million) . Says profit after net financial items rose by 15.9% to SEK 1,871 million (SEK 1,614 million) . Says sales target of SEK 20 billion by 2020 now seems within reach . Says thanks to long-term, passionate, methodical efforts, Nibe Element business area has now definitely exceeded a 10% operating margin, and by a good margin. . Reuters poll: Nibe Jan-Dec sales were seen at SEK 15.2 billion, operating profit SEK 1,987 million, pretax profit SEK 1,869 million, dividend at SEK 0.86 per share . Says we remain cautiously positive about the year overall. .Says we are well-prepared for being proactive on acquisitions..  Full Article

Nibe buys Canadian heat pump company CGC Group of companies
Monday, 13 Feb 2017 02:00am EST 

Nibe Acquires Canadian Heat Pump Company Cgc Group Of Companies Inc. : NIBE Industrier AB has acquired 50% of the shares in heat pump company CGC Group of Companies Inc. in Ontario, Canada, with an option to acquire the remaining 50% of the shares no later than spring 2022 .The company has about 80 employees, sales of approximately SEK 120 million (CAD 18 million) and an operating margin of 19%.  Full Article

Nibe says to buy FPI Fireplace Products International in Canada
Thursday, 17 Nov 2016 01:30am EST 

Nibe Acquires Fpi Fireplace Products International Ltd. In Canada : Says Nibe industrier ab has acquired 65 pct of shares in Canadian company FPI fireplace products international ltd . Says company has about 380 employees and sales of about 600 msek (cad 90 million) with an operating margin of 13 pct .The remaining 35 pct of the shares are covered by options and can be acquired in different instalments until 2022.  Full Article

Nibe says to acquire main parts of Enertech Group
Wednesday, 28 Sep 2016 06:04am EDT 

Nibe : Says acquires the main parts of British owned Enertech Group . Says acquired group has around 460 employees . Says sales amounted to SEK 830 million in 2015 (GBP 72.7 million) with an operating margin of 4.8 pct . Says among many well-known brands in acquired group of companies most well-known is CTC .Says transaction requires approval by anti-trust authorities in Sweden and Germany, from which a decision can be expected in Q4.  Full Article

Nibe H1 pretax profit just above forecast
Friday, 19 Aug 2016 02:00am EDT 

Nibe : Jan-June sales rose by 3.7% to SEK 6,343 million (SEK 6,115 million) . Jan-June profit after net financial items rose by 12.8% to SEK 645 million (SEK 572 million) .Reuters Poll: Nibe Jan-June sales were seen at SEK 6,315 million, pretax profit SEK 635 million.  Full Article

Nibe says to acquire CCG from LSB industries for $364 million
Thursday, 12 May 2016 02:54am EDT 

Nibe : Says to acquire Climate Control Group (CCG) from LSB Industries Inc for $364 million . Says announces herewith its plans for a rights issue relating to Nibe shares worth SEK 3,000 million within due course following completion . Says agreed to pay NYSE listed LSB Industries, U.S. manufacturing group and owner of CCG, a total purchase price of $364 million .Says at year-end 2015, CCG had 1,259 employees and net sales of $274 million.  Full Article

Nibe Q1 pretax beats forecasts
Thursday, 12 May 2016 02:06am EDT 

Nibe : Q1 sales rose by 3.1 pct to SEK 3,042 million (SEK 2,950 million) . Q1 profit after net financial items rose by 17.5 pct to SEK 268 million (SEK 228 million) . Reuters Poll: Nibe Q1 sales were seen at SEK 3,092 Mln, pre tax profit SEK 265 million . “The year has begun on a positive note, but was haracterised by mixed demand in our markets,” says Gerteric Lindquist, MD and Group CEO of NIBE. For the original story click here: https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=571319 Further company coverage: [NIBEb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Nibe Industrier Q1 sales rise to SEK 3.04 billion
Thursday, 12 May 2016 02:00am EDT 

Nibe Industrier AB : Q1 sales rose by 3.1 pct to 3.04 billion Swedish crowns ($374 million) (2.95 billion crowns year ago) .Q1 operating profit rose by 13.3 pct to 298 million crowns (263 million crowns year ago).  Full Article

Nibe Industrier AB says acquires 50 pct in Air-Site AB
Monday, 4 Apr 2016 05:00am EDT 

Nibe Industrier AB:Says acquires 50 pct of shares in Air Site AB – ventilation experts.Says company has 14 employees, annual sales of about 26 million Swediswh crowns and an operating margin of around 10 pct.  Full Article

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