11/15/2004 8:00 AM
Today’s third-quarter report confirms that NIBE continues to develop strongly during 2004:
“NIBE is proud to report its best ever quarterly performance in terms of both sales and earnings, during the third quarter of this year,” says Gerteric Lindquist, CEO for NIBE Industrier.
“We are continuing to gain market share in all three business areas at the same time as demand for NIBE heat pumps and wood-burning stoves remains brisk. Our continued success also owes a great deal to the efforts of all our highly committed co-workers.
“Our acquisition of the Finnish Kaukora Group, with annual sales of approximately SEK 200 million, was finalised in October. This contributes to strengthening our market position even further, particularly in Finland and Sweden.
“We remain positive about the prospects for NIBE’s development during the rest of the year and are confident that the full twelve-month result will exceed last year’s – both in terms of sales and profits – by a good margin,” concludes Gerteric Lindquist.
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