Nibe Industrier AB Financial Update

Nibe Industrier AB, a heating technology company listed on the Swedish Stock Exchange, is set to release its financial results for the second quarter of 2025 on August 22, 2025. The company operates across various regions, including Nordic countries, Europe, North America, Australia, and Asia, with its main operations based in Markaryd, Sweden. Nibe is involved in three primary business areas: NIBE Climate Solutions, NIBE Element, and NIBE Stoves.

Earnings Per Share (EPS) and Revenue Expectations

Analysts have projected an EPS of 0.281 SEK per share for the quarter ending June 30, 2025, compared to 0.110 SEK per share in the same quarter of the previous year. Revenue expectations for the quarter are approximately 10.01 billion SEK, indicating a slight decrease of 0.21% from the 10.04 billion SEK reported in the corresponding quarter of the previous year.

Adjusted Earnings and Revenue Breakdown

According to Infront, an estimated adjusted operating profit of 925 million SEK is anticipated for the second quarter. The revenue breakdown by business area is as follows:

  • Climate Solutions: 6.652 billion SEK (median estimate)
  • Element: 2.758 billion SEK (median estimate)
  • Stoves: 729 million SEK (median estimate)

The adjusted operating margin is expected to improve to 9.3%, up from 6.7% in the same quarter of the previous year.

Market Analysts’ Perspectives

Bloomberg’s consensus, based on eight analysts, forecasts an adjusted operating profit of 939 million SEK for the quarter, compared to 669 million SEK in the same period last year. Meanwhile, Kepler Cheuvreux maintains a buy recommendation for Nibe, citing expected profit improvements due to weaker comparative figures and the impact of cost-saving programs. They anticipate market recovery in 2025 and normalized growth in 2026, valuing the stock at 19x EV/EBIT for 2026 and a P/E of 25 for the same year.

Conversely, Inderes has downgraded its recommendation for Nibe from reduce to sell, maintaining a target price of 40 SEK per share. The downgrade is attributed to a slower-than-expected recovery and weak short-term drivers, with the stock considered overvalued at a P/E of 33 and EV/EBIT of 24 for 2025.

Market Position and Outlook

Nibe’s market capitalization stands at 78.81 billion SEK, with a price-to-earnings ratio of 36.61. The company’s stock closed at 40.8 SEK on May 29, 2025, with a 52-week high of 56.66 SEK and a low of 30 SEK. Nibe’s focus on market recovery and operational efficiency positions it as a key player in the heating technology sector, with analysts divided on its short-term prospects amidst a challenging macroeconomic environment.