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Nibe Industrier AB (NIBEb.ST)

NIBEb.ST on Stockholm Stock Exchange

93.92SEK
12:00pm EDT
Change (% chg)

0.78kr (+0.84%)
Prev Close
93.14kr
Open
93.52kr
Day's High
94.72kr
Day's Low
93.40kr
Volume
367,059
Avg. Vol
704,168
52-wk High
110.15kr
52-wk Low
69.02kr

Latest Key Developments (Source: Significant Developments)

Nibe Q4 pretax profit just above forecasts​
Friday, 16 Feb 2018 02:00am EST 

Feb 16 (Reuters) - Nibe Industrier ::FY2017 ‍SALES ROSE BY 23.9% TO SEK 19,009 MILLION (SEK 15,348 MILLION)​.NIBE INDUSTRIER AB FY2017 ‍PROFIT AFTER NET FINANCIAL ITEMS ROSE BY 16.6% TO SEK 2,182 MILLION (SEK 1,871 MILLION)​.SAYS ‍DIVIDEND OF SEK 1.05/SHARE (SEK 0.88/SHARE) PROPOSED​.SAYS ‍AS ALWAYS, THERE ARE MANY UNCERTAINTIES IN OUTSIDE WORLD, BUT WE ARE STILL CAUTIOUSLY POSITIVE ON 2018​.SAYS ‍ALL BUSINESS AREAS ARE GROWING AND TAKING A BIGGER SHARE OF THEIR MARKETS, THUS STRENGTHENING THEIR INTERNATIONAL PRESENCE​.REUTERS POLL: NIBE 2017 SALES WERE SEEN AT SEK 18,941 MILLION, PRETAX PROFIT AT SEK 2,158 MILLION, DIVIDEND AT 0.98 SEK/SHARE.“FOR NIBE, 2017 WAS A STRONG YEAR AND THE INTERMEDIATE TARGET OF ACHIEVING SALES OF 20 BILLION BY 2020 NOW FEELS VERY CLOSE. AS SOON AS WE PASS THE 20 BILLION SALES TARGET, THE NEXT MILESTONE WILL BE 40 BILLION,” SAYS GERTERIC LINDQUIST, CEO OF NIBE.  Full Article

Nibe acquires 60 pct of Briskheat Corp in U.S.
Monday, 15 Jan 2018 02:00am EST 

Jan 15 (Reuters) - Nibe Industrier AB ::REG-NIBE INDUSTRIER AB ACQUIRES 60% OF THE SHARES IN BRISKHEAT CORPORATION IN USA.NIBE HAS ALSO AGREED TO ACQUIRE THE REMAINING 40% OF BRISKHEAT´S OUTSTANDING SHARES AT A LATER TIME.BRISKHEAT HAS ABOUT 650 EMPLOYEES, ANNUAL SALES OF $39 MUSD AND AN OPERATING MARGIN ABOVE 15%.  Full Article

Nibe buys 60 pct stake in U.S's Gaumer with sales of $25 mln
Monday, 18 Dec 2017 02:00am EST 

Dec 18 (Reuters) - Nibe Industrier Ab ::REG-NIBE INDUSTRIER AB ACQUIRES 60 PCT OF THE SHARES IN GAUMER COMPANY INC. BASED IN HOUSTON, TEXAS.NIBE HAS ALSO AGREED TO ACQUIRE THE REMAINING 40 PCT OF GAUMER´S OUTSTANDING SHARES AT A LATER TIME..GAUMER IS ONE OF NORTH AMERICA´S LEADING DESIGNERS AND MANUFACTURERS OF ELECTRIC HEATERS, CONTROLS AND TURN-KEY ENGINEERED SYSTEMS FOR THE POWER GENERATION, OIL & GAS AND PETROCHEMICAL MARKETS.GAUMER HAS JUST OVER 115 EMPLOYEES, ANNUAL SALES OF $25.2 MUSD .  Full Article

Nibe says buys stake in Italy's Rhoss S.p.A.
Thursday, 23 Nov 2017 02:45am EST 

Nov 23 (Reuters) - Nibe Industrier AB :NIBE SAYS BUYS 45 PERCENT OF SHARES IN ITALIAN RHOSS S.P.A AND HAS OPTION TO BUY REMAINING 55 PERCENT.SAYS RHOSS HAS ABOUT 300 EMPLOYEES AND SALES OF ABOUT 68 MLN EUROS.  Full Article

Nibe Q3 pretax profit in line with expectations
Thursday, 16 Nov 2017 02:14am EST 

Nov 16 (Reuters) - Nibe Industrier Ab ::Jan-Sept sales totalled SEK 13,653 million (SEK 10,478 million).Jan-Sept profit after net financial items amounted to SEK 1,489 million.Reuters poll: Nibe Jan-Sept sales were seen at SEK 13,849 mln, pretax profit at SEK 1,500 mln.Says remains cautiously positive about the year (2017) overall.  Full Article

Nibe Q2 pretax profit lags forecast
Friday, 18 Aug 2017 02:00am EDT 

Aug 18 (Reuters) - Nibe Industrier AB :Jan-June sales rose by 42% to SEK 9,009 million (SEK 6,343 million).Jan-June profit after net financial items rose by 36% to SEK 877 million (SEK 645 million).Says we remain cautiously optimistic about 2017 thanks to stable profitability and good financial preparedness for acquisitions.Q2 profit after net financial items 481 mln SEK.Q2 sales 4,639 mln SEK.Thomson Reuters SmartEstimate was for Q2 pretax profit of 524 mln SEK, sales of 4,579 mln SEK.  Full Article

Nibe acquires 65 pct of the shares in Canada's Tempeff
Thursday, 8 Jun 2017 02:01am EDT 

June 8 (Reuters) - Nibe Industrier AB :Nibe acquires 65 pct of the shares in Canadian ventilation company Tempeff.Says has option to acquire the remaining 35 pct in due course.Tempeff has approximately 50 employees and annual sales of just over CAD 10 million (approx 70 mln SEK) with an operating margin exceeding 10 pct.  Full Article

Nibe Q1 pretax profit beats forecasts
Thursday, 11 May 2017 02:04am EDT 

May 11 (Reuters) - Nibe Industrier Ab :Q1 sales rose by 43.6 pct to SEK 4,370 million.Nibe Industrier Q1 - profit after net financial items rose by 47.7 pct to SEK 396 million.Reuters poll: Nibe Q1 sales were seen at SEK 4,194 million, pretax profit at SEK 356 million.Says despite a relatively high level of political uncertainty, general demand has improved somewhat in Europe, North America and Asia.  Full Article

Nibe says buys 80 pct of shares in Italian HT S.p.A.
Friday, 5 May 2017 07:00am EDT 

May 5 (Reuters) - Nibe NNIBEb.ST:.  Full Article

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