Year-end report 2011
A strong 2011 with strategic advances in NIBE’s international position
NIBE reports a sharp rise in sales and profits in its year-end report for 2011 released today.
- Sales rose by 25% to SEK 8,139 million (2010: SEK 6,511 million)
- Profit after net financial items rose by 26% to SEK 941 million (SEK 745 million)
- Earnings per share were SEK 6.87 (SEK 5.84)
- The Board proposes a shareholders’ dividend of SEK 2.00/share (SEK 1.75)
- Six international acquisitions in 2011 in the UK, Switzerland, Russia and the USA
“2011 was a successful year for NIBE with a number of international acquisitions and good growth in both sales and earnings,” says Gerteric Lindquist, CEO of the NIBE Group.
“As a result of these acquisitions, particularly our takeovers of the Schulthess Group and Emerson Heating Products, we have made some important strategic advances in our international position. We are now represented in around 40 countries and have just over 8,000 employees.”
“All of our business areas have strengthened their market positions over the past year thanks to the classic NIBE strategy of combining a resolute, long-term focus on the development of high-quality, high-performance products with a marketing approach that is firmly founded on integrity and objectivity.”
”Given our own strengths, high oil prices and hints of a recovery in optimism in various parts of the world, we are cautiously positive about the prospects for 2012, despite the current economic turbulence all around us,” Gerteric Lindquist concludes.
Press information
At 11:00 (C.E.T.) today, Gerteric Lindquist, MD and CEO of the NIBE Group, will hold a telephone conference (in English) for members of the press and financial analysts. Please phone +46(0)8 505 629 32.
Mr Benny Torstensson Information Manager: tel. +46 (0)433-73 070
Mrs Christel Fritiofsson IR Manager: tel. +46 (0)433-73 078
