Investors
Press releases
News
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Press release
Invitation to investor meeting for institutional investors and analysts -
Press release
Annual General Meeting in NIBE Industrier AB
Reports
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Annual report 2024
NIBE Industrier AB (publ) publish the Annual- and Sustainability report 2024 -
NIBE Industrier AB (publ)
A year characterized by several challenges but with clear signs of improvements in a market that remains slightly cautious
Year-end report, 2024...
IR Contacts
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Fredrik Erlandsson
Head of Corporate Communications and Investor Relations
Tel: +46 70 486 63 90
External link.
[email protected]
Calendar
- | Investor event, September 3, 2024
- | NIBE meets French investors at the Interclima fair, Paris
- | Quiet period, October 16 - November 14, 2024
- | Interim report, Q3, January – September 2024
- | NIBE participates at ”Stora Aktiedagen”, Craft Arena in Kosta, Sweden
- | NIBE is participating in the Danske Bank Winter Seminar, Copenhagen.
- | Digital Group Meeting, 3 December 2024
- | NIBE is participating in the SEB Nordic Seminar, Copenhagen
- | Digital Group Meeting, 13 January 2025
- | Quiet period, January 15 - February 13, 2025
- | Year-end report 2024 (Q4)
- | Teleconference and webcast with presentation of NIBE Industrier AB’s Year-end Report 2024
- | Digital Group Meeting, 4 March 2025
- | Hans Backman, CFO, and Fredrik Erlandsson, IRO, attend Carnegie Capital Goods Conference 2025, Stockholm, Sweden.
- | Hans Backman, CFO, and Fredrik Erlandsson, IRO, meeting institutional investors in connection to the ISH Fair in Frankfurt, Germany.
- | Hans Backman, CFO, and Fredrik Erlandsson, IRO, attend the Bank of America Global Industrials Conference 2025.
- | Digital Group Meeting, 10 April 2025
- | Quiet period, April 15 - May 14, 2025
- | Interim report, Q1, January – March 2025
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Annual General Meeting
- | Record date proposed dividend
- | Investor meeting for institutional investors and analysts
- | NIBE visits the subsidiary RHOSS' operations in Italy together with institutional investors, organized with Danske Bank.
- | Quiet period, July 23 - August 21, 2025
- | Interim report, Q2, January – June 2025
- | Quiet period, October 15 - November 13, 2025
- | Interim report Q3, January – September 2025
The NIBE share – Facts and figures
The NIBE share
Analysts
- Karl Bokvist, ABG Sundal Collier, Sweden
- George Featherstone, Barclays, UK
- Carl Deijenberg, DNB Carnegie, Sweden
- Vivek Midha, Citi, UK
- Viktor Trollsten, Danske Bank, Sweden
- Gustav Schwerin, Handelsbanken, Sweden
- Johan Sjöberg, Kepler Cheuvreux, Sweden
- Axel Stasse, Morgan Stanley, UK
- Carl Ragnestam, Nordea, Sweden
- Anders Roslund, Pareto, Sweden
- Fredrik Agardh, SEB, Sweden
Major shareholders
Shareholder structure
Key figures
2024 | 2023 | 2022 | 2021 | 2020 | ||
|---|---|---|---|---|---|---|
Net sales | SEK m | 40,521 | 46,649 | 40,071 | 30,832 | 27,146 |
Growth | % | – 13.1 | + 16.4 | + 30.0 | + 13.6 | + 7.1 |
Operating profit | SEK m | 2,671 | 6,973 | 5,863 | 4,468 | 3,880 |
Operating profit excl. items affecting comparability | SEK m | 3,226 | 6,973 | 5,863 | 4,468 | 3,527 |
Profit after net financial items | SEK m | 1,536 | 6,331 | 5,675 | 4,318 | 3,658 |
EBITDA margin* | % | 12.1 | 18.9 | 18.6 | 18.7 | 18.8 |
EBITDA margin, excl. items affecting comparability | % | 13.5 | 18.9 | 18.6 | 18.7 | 17.5 |
Operating margin* | % | 6.6 | 14.9 | 14.6 | 14.5 | 14.3 |
Operating margin excl. items affecting comparability | % | 8.0 | 14.9 | 14.6 | 14.5 | 13.0 |
Profit margin* | % | 3.8 | 13.6 | 14.2 | 14.0 | 13.5 |
Profit margin excl. items affecting comparability | % | 5.2 | 13.6 | 14.2 | 14.0 | 12.2 |
Net investments in non-current assets* | SEK m | 2,328 | 13,038 | 3,745 | 1,790 | 3,692 |
Operating cash flow | SEK m | 1,782 | – 1,272 | 549 | 2,020 | 3,914 |
Available cash and cash equivalents* | SEK m | 6,177 | 4,979 | 5,441 | 5,208 | 5,240 |
Working capital, excl. cash and bank balances, in relation to net sales* | % | 22.8 | 21.9 | 21.3 | 17,4 | 12.9 |
Equity | SEK m | 32,140 | 30,207 | 27,973 | 21,657 | 17,737 |
Return on equity* | % | 4.0 | 17.3 | 18.1 | 17.3 | 16.1 |
Return on equity, excl. items affecting comparability | % | 5.4 | 17.3 | 18.1 | 17.3 | 14.5 |
Equity/assets ratio | % | 45.6 | 44.4 | 51.8 | 49.9 | 46.3 |
Proportion of risk-bearing capital | % | 48.6 | 47.8 | 54.5 | 53.1 | 49.7 |
Capital employed | SEK m | 56,851 | 52,979 | 39,330 | 31,977 | 28,396 |
Return on capital employed* | % | 5.8 | 16.1 | 17.7 | 15.2 | 14.6 |
Return on capital employed, excl. items affecting comparability | % | 6.8 | 16.1 | 17.7 | 15.2 | 13.4 |
Return on total assets* | % | 4.6 | 12.2 | 12.9 | 11.2 | 10.9 |
Return on total assets, excl. items affecting comparability | % | 5.4 | 12.2 | 12.9 | 11.2 | 10.0 |
Capital turnover ratio | times | 0.59 | 0.76 | 0.82 | 0.75 | 0.72 |
Interest-bearing liabilities/Equity | % | 76.9 | 75.5 | 40.6 | 47.7 | 60.1 |
Net debt/EBITDA* | times | 3.9 | 2.1 | 0.9 | 1.0 | 1.1 |
Net debt/EBITDA, excl. action plan * | times | 3.2 | 2.1 | 0.9 | 1.0 | 1.1 |
Net debt/EBITDA, excl. items affecting comparability | times | 3.5 | 2.1 | 0.9 | 1.0 | 1.2 |
Interest coverage ratio* | times | 1.9 | 6.7 | 10.1 | 16.6 | 8.7 |
Interest coverage ratio, excl. items affecting comparability | times | 2.3 | 6.7 | 10.1 | 16.6 | 7.9 |
Average number of employees | no. | 20,884 | 22,462 | 21,333 | 20,455 | 18,740 |
*Key ratios with calculation specified in the Annual report on pages 131–133.
Definitions – key figures
Growth
Percentage change in net sales compared with previous year.
EBITDA margin
Operating profit before depreciation as a percentage of net sales.
Operating margin
Operating profit as a percentage of net sales.
Profit margin
Profit after net financial items as a percentage of net sales.
Operating cash flow
Cash flow after investments but before acquisition of companies/operations.
Equity
Taxed equity plus untaxed reserves less tax.
Return on equity
Profit after net financial items less tax at 22.0% standard rate as a percentage of average equity.
Equity/assets ratio
Equity as a percentage of total assets.
Proportion of risk-bearing capital
Equity, including non-controlling interest and deferred tax liability, as a percentage of total assets.
Capital employed
Total assets less non-interest-bearing liabilities and deferred tax.
Return on capital employed
Profit after net financial items plus financial expenses as a percentage of average capital employed.
Return on total capital
Profit after net financial items plus financial expenses as a percentage of average total assets.
Capital turnover ratio
Net sales divided by average total assets.
Interest-bearing liabilities/ Equity
Interest-bearing liabilities as a percentage of equity.
Net debt/EBITDA
Interest-bearing net debt (financial liabilities less financial assets) divided by profit before depreciation/amortisation.
Interest coverage ratio
Profit after net financial items plus financial expenses divided by financial expenses.