2/12/2015 8:00 AM

Year-end report 2014

NIBE displays continued healthy profitability 

NIBE reports increase in both sales and profit in the company’s 2014 year-end report, published today.

 

  • Sales rose by 12.2% to SEK 11,033 million (SEK 9,833 million)
  • Profit after net financial items increased by 15.6% to SEK 1,292 million (SEK 1,117 million)
  • Earnings per share amounted to SEK 8.90 (SEK 7.78 ) 
  • Dividend of SEK 2.70/share (SEK 2.35/share) proposed
  • Four major international acquisitions – North American WaterFurnace, Swiss Askoma, French Technibel and the remaining 90% of North American Enertech Global, along with five smaller bolt-on acquisitions.

 

“2014 was a good year for NIBE and despite global uncertainty, with an unpredictable economy, dramatic falls in the price of oil and considerable currency fears, we have seen growth in both sales and profit,” says NIBE’s Group CEO, Gerteric Lindquist.

 

“We combine aggressive marketing initiatives and regular product launches with a firm cost-conscious approach and constant improvements in efficiency. Alongside this strategy we are also expanding through corporate acquisitions and 2014 saw the completion of nine international acquisitions with combined sales of approximately SEK 1.2 billion. 

 

“Our global market presence has increased and we are now well represented on four continents, providing excellent opportunities for future growth.”

 

“As we have stable profitability, a strong standing in the market and are well-positioned for making additional acquisitions, we are cautiously optimistic about 2015 as a whole, despite continued global uncertainty,” says Gerteric Lindquist.

 

NIBE also announces that Arvid Gierow, Chairman of the Board of NIBE Industrier since 2003, will not be standing for re-election in conjunction with the Annual General Meeting on 11 May.

 

Press information

A teleconference (in English) will be held for press and analysts today (+46 8 566 427 00) at 11.00 a.m. with CEO Gerteric Lindquist and CFO Hans Backman.

 

N.B.: You must be registered at www.nibe.com in order to view the images for the presentation.

 

Benny Torstensson, CIO: +46 433 73 070 - 8309

Christel Fritiofsson,  Investor Relations Manager: +46 433 73 078

 

 

Year-end report 2014

 

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NIBE – a Global Group with sales
and operations on five continents.

NIBE Industrier AB (publ) Box 14, 285 21 Markaryd · VISITING ADDRESS Hannabadsvägen 5, Markaryd · [email protected] · +46 (0)433 27 30 00