Interim report 2, 2024 (Q2)

First half characterized by large adjustments

The action plan is being implemented as a result of major destocking in the distribution chain, continuing high interest rates and historically low housing production – at the same time, we expect a gradual improvement in demand in all three business areas in the second half of the year.

• SALES totaled SEK 19,529 (23,479) million

• ADJUSTED OPERATING PROFIT amounted to SEK 1,185 (3,602) million

• ADJUSTED PROFIT AFTER NET FINANCIAL ITEMS amounted to SEK 580 (3,355) million

• ADJUSTED PROFIT AFTER TAX amounted to SEK 257 (2,597) million

• EARNINGS per share adjusted for items affecting comparability before and after dilution, based on the average number of shares outstanding during the period, amounted to SEK 0.13 (1.28)

• ACTION PLAN underway

Press information

A media and analysts webcast (in English) will take place today at 11:00 AM (CEST) with CEO Gerteric Lindquist and CFO Hans Backman.

NB: Registration on our website www.nibe.com External link. is required in order to participate in the conference and to obtain a code to be able to ask questions.

For any questions, please contact:
Fredrik Erlandsson, Head of Corporate Communication and Investor relations +46 70 486 63 90
Hans Backman, CFO; +46 433-27 30 00

NIBE Industrier AB (publ) is required to disclose the information in this press release under the EU’s Market Abuse Regulation and the Swedish Securities Market Act. This information was submitted by the contact persons above for publication on August 16, 2024 at 8:00 AM (CEST).