NIBE Industrier faced challenges in first half but anticipates improved demand in second half

From GlobeNewswire: 2024-08-16 02:00:00

In the first half of the year, NIBE Industrier AB faced challenges such as destocking, high interest rates, and low housing production. Despite this, they anticipate improved demand in the second half. Sales totaled SEK 19,529 million, adjusted operating profit was SEK 1,185 million, and adjusted profit after tax was SEK 257 million.

To learn more about NIBE’s financial performance, a webcast with CEO Gerteric Lindquist and CFO Hans Backman will be held today at 11:00 AM (CEST). Registration on their website is required to participate and ask questions. For inquiries, contact Fredrik Erlandsson or Hans Backman. The information in this press release was disclosed under the EU’s Market Abuse Regulation and the Swedish Securities Market Act.

NIBE Group, an international organization, develops energy-efficient solutions for indoor climate comfort and intelligent heating and control. With a workforce of 22,000 employees and global presence, NIBE focuses on sustainability, growth, and responsible corporate practices. Their sales in 2023 reached nearly SEK 47 billion, and they have been listed on Nasdaq Nordic and SIX Swiss Exchange.



Read more at GlobeNewswire:: NIBE Industriers (publ) – Interim report 2, 2024 (Q2)