Brief: NIBE Industrier Q1 Pre-Tax Profit At SEK 906 Mln, Above Estimates

Nibe Industrier AB

17/05/2022 08:17

May 17 (Reuters) - NIBE Industrier AB  NIBEb.ST :
    * Q1 SALES ROSE BY 13.6% TO SEK 8.75 BLN VS REFINITIV POLL
SEK
8.08 BLN 
    * Q1 PRE-TAX PROFIT SEK 906 MLN VS REFINITIV POLL SEK 888.5
MLN 
    * DEMAND WAS STRONG IN ALL THREE BUSINESS AREAS IN Q1
    * DECISION TO WIND UP RUSSIAN OPERATIONS BURDENED Q1
OPERATING
PROFIT BY ONE-OFF ITEM OF SEK 114 MLN IN FORM OF ESTIMATED
WRITE-DOWNS
    * Q1 OPER PROFIT SEK 941 MLN
    * INTRODUCES SUBSTANTIAL PRICE INCREASES, HOWEVER, THESE ARE
HAPPENING WITH CERTAIN LAG WHEN COMPARED TO SUB-SUPPLIERS PRICE
HIKES 

        
 Source text: https://bit.ly/3wuyik9
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