Nibe rises as positive outlook overshadows expected Q1 weakness
16/05/2024 09:01
** Shares in Nibe NIBEb.ST rise 5%, having opened in the
red, as optimistic outlook comments overshadow the Swedish heat
pump maker's 70% slump in operating earnings
** Nibe expects demand to gradually improve in H2, and plans
for its Climate Solutions business to be back at historical
levels during 2025
** Kepler Cheuvreux says Q1 weakness was expected, but notes
the company's positive commentary around the outlook
** The company also expands its cost savings programme
** Nibe's share fell more than 5% on Wednesday, ahead of the
report, and are still down 15% YTD
($1 = 10.6730 Swedish crowns)
(Reporting by Greta Rosen Fondahn)
((Greta.RosenFondahn@thomsonreuters.com))