Nibe jumps as "impressive" growth in Q2 defies shortages

Nibe Industrier AB

18/08/2022 08:57

** Shares in Nibe Industrier  NIBEb.ST  rise 4.5% after the
Swedish heat pump maker reported double-digit growth in sales,
profit in the second quarter, weathering "severe" shortages in
components  urn:newsml:reuters.com:*:nFWN2ZU1JK
    ** Nibe reports sales and operating profit in the quarter
rising year on year 26% and 28% respectively and above consensus
estimates
    ** "We note the reference in the company's press release to
'severe materials and component shortages', which makes the
strong growth even more impressive to us", Berenberg analysts
say
    ** "We view this as a very solid quarter in these market
conditions", the brokerage adds
    ** Nibe shares are among top risers on STOXX 600  .STOXX 

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@tr.com))