0RH0.L - NIBE Industrier AB (publ)

YHD - YHD Delayed price. Currency in USD
23,416,999,936.00
+32.49 (+0.00%)
At close: 6:07PM EDT
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  • Globe Newswire

    NIBE acquires the Italian company Termotech

    NIBE Industrier AB has signed an agreement to acquire 87.5% of the shares in Italian company Termotech S.R.L. and the remaining shares within a five-year period.Termotech, based outside Milano, Italy, was established already in 1990. The company designs, manufacturers and markets electrical temperature measurement devices such as thermocouples and resistance thermometers for many different industries. Sales in 2019 amounted to about SEK 50 million with an operating margin well above 10%. Termotech has 23 employees. *  “This acquisition adds to our product portfolio in measurement and control and gives us an additional bridgehead in the crucial Italian market,” says Gerteric Lindquist, CEO of NIBE Industrier AB.  *  “We also believe that Termotech’s leadership, which will continue to include its joint owner, will be an asset with its knowledge and experience and will contribute to geographically and technically expanding NIBE Element’s business within measurement and control.”The company will be part of the NIBE Element business area and consolidation with NIBE will be from 1 July 2020. The purchase price is not specified because the acquired business will only constitute a small part of the NIBE Group.For more information: Gerteric Lindquist, CEO and Hans Backman, CFO; +46 (0) 433-27 30 00This information was submitted by the contact persons above for publication on 2 July 2020 at 12.00 CET.About NIBE Industrier NIBE – a global Group with companies and a presence worldwide NIBE Group is a global organisation that contributes to a lower carbon footprint and better utilisation of energy. In our three business areas – Climate Solutions, Element and Stoves – we develop, manufacture and market a wide range of eco-friendly, energy-efficient solutions for indoor climate comfort in all types of properties, plus components and solutions for intelligent heating and control in industry and infrastructure. From its beginnings in the Småland city of Markaryd nearly 70 years ago, NIBE has grown into an international company with 17,300 (16,900) employees and a global presence. From the very start, the company has been driven by a strong culture of entrepreneurship and a passion for responsible business operation. Its success factors are long-term investments in sustainable product development and strategic acquisitions. Combined, these factors have brought about strong, targeted growth, which generated sales of just over SEK 25 (22) billion in 2019. NIBE has been listed under the name NIBE Industrier AB on the Nasdaq Nordic Large Cap list since 1997, with a secondary listing on the SIX Swiss Exchange since 2011.Attachment * GB-PM-Termotech200702

  • Where next for the Nibe Industrier share price?
    Stockopedia

    Where next for the Nibe Industrier share price?

    Shares in Nibe Industrier Ab (STO:NIBE B) are currently trading at 201.7 but a key question for investors is how the economic uncertainty caused by Covid-19 wi...

  • NIBE Industrier AB (publ) Just Missed EPS By 6.9%: Here's What Analysts Think Will Happen Next
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    NIBE Industrier AB (publ) Just Missed EPS By 6.9%: Here's What Analysts Think Will Happen Next

    Investors in NIBE Industrier AB (publ) (STO:NIBE B) had a good week, as its shares rose 3.0% to close at kr188...

  • Globe Newswire

    Annual General Meeting of Shareholders in NIBE Industrier AB

    The Annual General Meeting of Shareholders (AGM) in NIBE Industrier AB (publ) took place on Thursday 14 May 2020 in Markaryd, Sweden, where the parent company is headquartered.Gerteric Lindquist, Managing Director and Group CEO, gave a speech in which he commented on the 2019 financial year and the start of 2020. He described NIBE’s increasingly extensive internationalisation in all three business areas and the importance of continuous product development and growth. He also emphasised the significance of sticking with the success factors that have formed the basis of the Group’s achievements so far and continuing to expand the sustainability targets, which are expected to become increasingly important in the future.   The items resolved by the AGM included the following:Appropriation of profits It was resolved to carry forward the profits at the disposal of the shareholders. It was also noted that the Board resolved to withdraw the previously announced dividend proposal of SEK 1.40 per share, but that the Board intends to consider proposing a dividend for the 2019 financial year later in the year if and when the current situation changes.Members of the Board Re-elected to the Board were Georg Brunstam, Gerteric Lindquist, Hans Linnarson, Anders Pålsson and Jenny Sjödahl. Jenny Larsson was newly elected. Hans Linnarson was re-elected as the Chairman of the Board.  Auditors KPMG AB was elected as the company’s auditor for the period until the 2021 AGM, with authorised public accountant Dan Kjellqvist appointed as principal auditor.  Adoption of the income statement and balance sheet and discharge from liability The AGM adopted the consolidated and parent income statements and balance sheets and discharged the Board and CEO from liability for the 2019 financial year.Fees to the Board of Directors and auditors The AGM resolved on Board and audit fees as follows: Fees to the Board amount to a total of SEK 2,520,000, of which SEK 840,000 goes to the chairman and SEK 420,000 goes to each of the other members elected by the AGM who are not employees of the Group. Audit fees are paid according to approved invoices.Amendment of the Articles of Association The AGM resolved to amend the Articles of Association both regarding the record date for participation in the AGM and the pre-emption clause related to the A shares. Mandate for the Board to issue new shares in conjunction with acquisitions It was resolved at the AGM to authorise the Board of Directors of NIBE Industrier AB to issue Class B shares in the company, on one or more occasions during the period leading up to the next AGM, with or without deviation from the shareholders’ preferential rights. The shares may only be issued to finance the acquisition of companies, parts of companies or operations. This mandate does not include the right for the Board to decide on cash issues without regard to the shareholders’ preferential rights. The mandate shall be limited to the issuance of shares corresponding to a maximum of 10% of the total number of shares outstanding at the date of the AGM.The Board’s guidelines on remuneration and other terms of employment for senior executives The AGM approved the Board’s proposal that senior executives shall, as an incentive, be entitled to a variable salary component that is payable if set targets are achieved. The variable component shall be restricted to four months’ salary. The possibility also exists to receive an additional month’s salary on condition that this additional payment plus another monthly salary paid as a variable bonus is used to purchase NIBE shares. A further condition for entitlement to receive this additional month’s remuneration is that the shares thus purchased are retained for at least three years. Under normal circumstances, shares acquired in this way shall be purchased on one occasion each year in February/March and the purchase shall be subject to the relevant market abuse regulations. No incentive programme is offered to the CEO. The Board may depart from these guidelines if there are specific reasons for doing so in an individual case.For more information: Gerteric Lindquist, CEO and Hans Backman, CFO; +46 (0) 433-27 30 00NIBE Industrier AB (publ) is required to disclose the information in this press release under Nasdaq Stockholm’s regulations for issuers. This information was submitted by the contact persons above for publication on 14 May 2020 at 21.00 CET.  NIBE Group – a global Group with companies and a presence worldwide NIBE Group is a global organisation that contributes to a lower carbon footprint and better utilisation of energy. In our three business areas – Climate Solutions, Element and Stoves – we develop, manufacture and market a wide range of eco-friendly, energy-efficient solutions for indoor climate comfort in all types of properties, plus components and solutions for intelligent heating and control in industry and infrastructure. From its beginnings in the Småland city of Markaryd nearly 70 years ago, NIBE has grown into an international company with 17,300 (16,900) employees and a global presence. From the very start, the company has been driven by a strong culture of entrepreneurship and a passion for responsible business operation. Its success factors are long-term investments in sustainable product development and strategic acquisitions. Combined, these factors have brought about strong, targeted growth, which generated sales of just over SEK 25 (22) billion in 2019. NIBE has been listed under the name NIBE Industrier AB on the N Attachment * PM-Kommunike2020-NIBEGB

  • Will Nibe Industrier Ab's (STO:NIBE B) quality and momentum help its shareholders?
    Stockopedia

    Will Nibe Industrier Ab's (STO:NIBE B) quality and momentum help its shareholders?

    The Nibe Industrier Ab (STO:NIBE B) share price is currently trading at 190. But to try and predict what the price will look like in the next 12 months and bey8230;

  • Globe Newswire

    A stable start to the year – relatively modest impact from COVID-19

    *  Sales rose by 10.1% to SEK 6,345 million (SEK 5,763 million) *  Profit after net financial items increased by 7.9% to SEK 574 million (SEK 532 million) *  Earnings per share amounted to SEK 0.84 (SEK 0.82) *  Acquisition of Serbian TIKI Group, Turkish Üntes, Dutch Nathan, German Waterkotte and Swedish VEÅ (after end of period)“Demand has varied between different market segments where those with clear sustainability characteristics, such as heat pumps, continued to perform well,” said Gerteric Lindquist, CEO of NIBE. “It is also gratifying that demand in the semiconductor industry has shown good growth. The domestic appliance sector has remained largely unchanged, while the traditional automotive industry as well as the oil and gas industry have seen weaker growth. Similarly, market segments with a durable goods profile, such as stoves, have seen weaker demand. Although COVID-19 hit the whole world with full force by the end of the quarter, the Group’s sales and profit have only been affected by this to a relatively modest extent so far.”"With our company philosophy and our strong product range, we are well positioned in a market that is increasingly feeling the influences of the transition to a more sustainable and digitalised society. The completed acquisitions as well as our focus on product development should further strengthen our position. Our internal work on efficiency along with our rigorous cost control also continue with unchanged intensity. Although the external situation is extremely difficult to assess, our view is that our business remains robust, thanks to our geographical spread, stable profitability and good financial preparedness,” said Lindquist.Due to the outbreak of COVID-19, we would particularly like to direct attention to the following paragraph on page 3 of the interim report:  “The outbreak of COVID-19 is another such uncertainty that has caused widespread change for most of the world’s communities and companies, including our own. Although we were affected by the outbreak to a relatively small extent in the first quarter, we anticipate that we will be affected to a greater extent in Q2. However, the situation is expected to remain manageable, as the start of Q2 also indicates. We also assume that most countries will try to return to a slightly more normal situation in the second half of the year. This, and the fact that our products are largely both necessary and sustainable, permits us to be cautiously positive about our performance in the second half of the year, despite all the uncertainties.”Press information A teleconference (in English) will be held for press and analysts at 11.00 (CET) today with CEO Gerteric Lindquist and CFO Hans Backman. To attend the conference, ring +46 8 566 427 03.  You must be registered at www.nibe.com to view the images for the presentation.For more information: Gerteric Lindquist, CEO and Hans Backman, CFO; +46 (0) 433-27 30 00NIBE 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 14 May 2020 at 08.00 CET.  NIBE Group – a global Group with companies and a presence worldwide NIBE Group is a global organisation that contributes to a lower carbon footprint and better utilisation of energy. In our three business areas – Climate Solutions, Element and Stoves – we develop, manufacture and market a wide range of eco-friendly, energy-efficient solutions for indoor climate comfort in all types of properties, plus components and solutions for intelligent heating and control in industry and infrastructure. From its beginnings in the Småland city of Markaryd nearly 70 years ago, NIBE has grown into an international company with 17,300 (16,900) employees and a global presence. From the very start, the company has been driven by a strong culture of entrepreneurship and a passion for responsible business operation. Its success factors are long-term investments in sustainable product development and strategic acquisitions. Combined, these factors have brought about strong, targeted growth, which generated sales of just over SEK 25 (22) billion in 2019. NIBE has been listed under the name NIBE Industrier AB on the Nasdaq Nordic Large Cap list since 1997, with a secondary listing on the SIX Swiss Exchange since 2011.Attachment * Q1_GB_2020-W

  • Did NIBE Industrier AB (publ)'s (STO:NIBE B) Recent Earnings Growth Beat The Trend?
    Simply Wall St.

    Did NIBE Industrier AB (publ)'s (STO:NIBE B) Recent Earnings Growth Beat The Trend?

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  • Globe Newswire

    NIBE acquires Swedish company VEÅ

    NIBE Industrier AB has signed an agreement to acquire 60% of the shares in Swedish company VEÅ AB, including its sister companies, and the remaining shares within a four-year period.VEÅ is headquartered in Sävsjö and was founded in 1936. The company designs, manufactures and markets steam and hot water boilers, pressure vessels and complete installations for industrial use. Sales in 2019 amounted to approximately SEK 80 million, with an operating margin well above 10%.  “The acquisition strengthens our position in the Swedish market for commercial steam boilers intended primarily for the process industry. VEÅ will also be an excellent complement to our Swedish subsidiary Enertech AB’s operation OSBY Parca, which is primarily aimed at the district heating market,” says Gerteric Lindquist, CEO of NIBE Industrier AB. “We also believe that VEÅ’s management, who will also continue as co-owners, together with the management of Enertech/OSBY Parca will be able to realise interesting future synergies and growth opportunities.”The transaction requires the customary approval of the competition authority.The company will be part of the NIBE Climate Solutions business area and consolidation with NIBE is expected to be as from 1 July 2020. The purchase price is not specified because the acquired business will only constitute a small part of the NIBE Group.For more information: Gerteric Lindquist, CEO and Hans Backman, CFO; +46 (0) 433-27 30 00This information was submitted by the contact persons above for publication on 7 May 2020 at  11.00 CET.About NIBE Industrier NIBE – a global Group with companies and a presence worldwide NIBE Group is a global organisation that contributes to a lower carbon footprint and better utilisation of energy. In our three business areas – Climate Solutions, Element and Stoves – we develop, manufacture and market a wide range of eco-friendly, energy-efficient solutions for indoor climate comfort in all types of properties, plus components and solutions for intelligent heating and control in industry and infrastructure. From its beginnings in the Småland city of Markaryd nearly 70 years ago, NIBE has grown into an international company with 17,300 (16,900) employees and a global presence. From the very start, the company has been driven by a strong culture of entrepreneurship and a passion for responsible business operation. Its success factors are long-term investments in sustainable product development and strategic acquisitions. Combined, these factors have brought about strong, targeted growth, which generated sales of just over SEK 25 (22) billion in 2019. NIBE has been listed under the name NIBE Industrier AB on the Nasdaq Nordic Large Cap list since 1997, with a secondary listing on the SIX Swiss Exchange since 2011.Attachment * PM-VEA-GB

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  • Does NIBE Industrier AB (publ) (STO:NIBE B) Have A Place In Your Dividend Portfolio?
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