Year-end report 2015
NIBE – A strong 2015 in a cautious market
NIBE reports an increase in both sales and profit in its 2015 year-end report, published today.
- Sales increased by 20% to SEK 13,243 million (SEK 11,033 million )
- Profit after net financial items increased by 24.9% to SEK 1,614 million (SEK 1,292 million)
- Earnings per share amounted to SEK 11.22 (SEK 8.90 )
- Dividend of SEK 3.35/share (SEK 2.70/share) proposed
- Two acquisitions – operations of North American Marathon Heater Inc. and the remaining 30% of Finland-based Akvaterm Oy.
“2015 was a strong year for NIBE, with an increase in both sales and profit. This was achieved in unsettled conditions globally with cautious demand, plummeting gas and oil prices and significant currency volatility,” said NIBE Group CEO Gerteric Lindquist.
“The reasons for our good performance are the strong development of the companies we acquired in 2014, our continued focus on the future through intensive product development and proactive market initiatives, and the maintenance of our margins.”
“All of our business areas advanced their market positions, as well as maintaining and even strengthening their operating margins. This was the result of our efforts to ensure that product development, production, quality and marketing are at the very highest level so that each of these elements is a strong link in the chain.”
“We have a product programme and corporate philosophy that are in tune with the times. We have stable profitability and are well positioned to make additional acquisitions. Despite unpredictable economic conditions, we are cautiously optimistic about 2016 as a whole,” said Gerteric Lindquist.
Press information
A teleconference (in English) will be held for press and analysts today (+46 8 566 426 66) at 11.00 a.m. CET with CEO Gerteric Lindquist and CFO Hans Backman.
N.B.: You must be registered at www.nibe.com in order to view the images for the presentation.
Benny Torstensson, CIO: +46 433 73 070
Christel Fritiofsson, Investor Relations Manager: +46 433 73 078
