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Nibe Industrier AB (NIBEb.ST)

NIBEb.ST on Stockholm Stock Exchange

95.50SEK
19 Nov 2018
Change (% chg)

-0.50kr (-0.52%)
Prev Close
96.00kr
Open
97.30kr
Day's High
97.98kr
Day's Low
95.50kr
Volume
1,207,000
Avg. Vol
698,466
52-wk High
110.15kr
52-wk Low
69.02kr

Latest Key Developments (Source: Significant Developments)

NIBE 9-Month Sales Rise By 17.3 Pct to SEK 16,018 Million
Friday, 16 Nov 2018 

Nov 16 (Reuters) - Nibe Industrier AB ::REG-GOOD PERFORMANCE CONTINUES FOR NIBE.9-MONTHS GROUP NET SALES TOTALLED SEK 16,018 MILLION (SEK 13,653 MILLION)..9-MONTHS PROFIT FOR THE PERIOD AFTER NET FINANCIAL ITEMS WAS SEK 1,790 MILLION.  Full Article

Nibe Acquires remaining 55% of shares in Italian Rhoss S.P.A.
Wednesday, 17 Oct 2018 

Oct 17 (Reuters) - Nibe Industrier AB says::Acquires the remaining 55% of shares in Italian ventilation and air conditioning company Rhoss S.P.A..Rhoss will become a wholly owned subsidiary as from January 2019. .Rhoss was founded in 1968, has just over 300 employees and sales of approximately EUR 68 million. .Withh Ross as a wholly owned subsidiary, Nibe will be able to take the usual measures to improve the operating margin to achieve the Group target of 10% within an 18-24 month period..  Full Article

Nibe acquires Evonic Fires
Thursday, 5 Jul 2018 

July 5 (Reuters) - Nibe Industrier AB says::Has acquired 51 percent of the shares in CK Fires Ltd (known under the Evonic Fires brand) in Stratford-upon-Avon, England, and has a call option for the remaining 49% of the shares by 2026..The company has around 35 employees and annual sales of GBP 6 million (approximately SEK 70 million) with an operating margin exceeding 10 percent..  Full Article

Nibe Q1 pretax profit rises in line with forecast
Wednesday, 16 May 2018 

May 16 (Reuters) - Nibe Industrier AB ::Q1 SALES ROSE BY 11.3% TO SEK 4,862 MILLION (SEK 4,370 MILLION).Q1 PROFIT AFTER NET FINANCIAL ITEMS INCREASED BY 11.9% TO SEK 443 MILLION.SAYS WE REMAIN CAUTIOUSLY OPTIMISTIC ABOUT 2018 THANKS TO STABLE PROFITABILITY AND GOOD FINANCIAL PREPAREDNESS FOR ACQUISITIONS.REUTERS POLL: NIBE Q1 SALES SEEN AT SEK 4,764 MILLION, PRETAX PROFIT AT SEK 439 MILLION.SAYS GENERAL DEMAND LOOKS POSITIVE IN EUROPE, NORTH AMERICA AND ASIA.  Full Article

Alfa Laval sell parts of greenhouse business to Nibe
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Alfa Laval AB ::ALFA LAVAL HAS SIGNED AN AGREEMENT TO SELL PARTS OF THE GREENHOUSE BUSINESS TO NIBE.SAYS ‍CLOSING OF AGREEMENT IS EXPECTED DURING Q2 OF 2018​.  Full Article

Nibe buys Alfa Laval’s district heating/cooling business
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Nibe Industrier AB ::REG-NIBE ACQUIRES ALFA LAVAL’S BUSINESS FOR DISTRICT HEATING/COOLING.THE BUSINESS ACQUIRED HAS AROUND 60 EMPLOYEES IN SWEDEN (PRIMARILY IN RONNEBY), FRANCE, RUSSIA, THE CZECH REPUBLIC, FINLAND, THE UNITED KINGDOM AND SLOVAKIA.SALES WERE APPROXIMATELY SEK 300 MILLION IN 2017, WITH POSITIVE OPERATING MARGIN.THE PURCHASE PRICE IS NOT SPECIFIED BECAUSE THE ACQUIRED BUSINESS WILL CONSTITUTE A SMALL PART OF THE NIBE GROUP.  Full Article

Nibe acquires 60 pct of Briskheat Corp in U.S.
Monday, 15 Jan 2018 

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 

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 

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 

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