Nibe rises on better-than-expected Q4, upbeat comments

Nibe Industrier AB

14/02/2025 08:39

** Shares in Nibe Industrier  NIBEb.ST  rise 7% after the
Swedish heat pump maker posted Q4 print above consensus
    ** Q4 sales came in at SEK 11.03 billion ($1.03 billion) and
Q4 EBIT rose 4.8% to SEK 1.67 billion
    ** Pareto analyst Anders Roslund says the report is
respectively 3% and 5% above consensus on sales and adjusted
EBIT
    ** The analyst also points to the CEO reiterating comments
about being back to historic margin levels in 2025
    ** The stock is among top performers on STOXX 600 index
 .STOXX  and on track for its best day since Nov 2024, if gains
hold


($1 = 10.7127 Swedish crowns)

 (Reporting by Jagoda Darlak in Gdansk)
 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))