Interim report 1 2018, Q1

A promising start to the year

NIBE presents a promising start for both sales and profit in today’s interim report for the first quarter of 2018.


  • Sales rose by 11.3% to SEK 4,862 million (SEK 4,370 million)
  • Operating profit rose by 16.7% to SEK 497 million (SEK 426 million)
  • Profit after net financial items increased by 11.9% to SEK 443 million (SEK 396 million)
  • Earnings per share amounted to SEK 0.67 (SEK 0.58)
  • Acquisition of 60% of US element company BriskHeat Corp and Alfa Laval’s business for district heating/cooling systems


“Both sales and profit have shown good growth at the start of 2018 and the general demand looks positive in Europe, North America and Asia alike,” says Gerteric Lindquist, CEO of NIBE.

“In addition to low interest rates and relatively good construction activity, it is quite apparent that the transition to a more sustainable approach to energy supply, transport and climate control of both small and large properties is creating new markets with solid demand.”


“As we have regularly reported, our operations are dominated by integration of the most recently acquired entities in a careful yet definite manner, plus a constant striving to improve our internal efficiency.”


“The NIBE Climate Solutions business area continues to enhance its position as a comprehensive supplier of intelligent, sustainable climate control solutions for single-family homes as well as commercial properties.”


“The NIBE Element business area successfully continues to offer the market a comprehensive range of intelligent system solutions.”


“The NIBE Stoves business area is growing steadily with many successful product launches and product development efforts that have an increasingly in-demand sustainability profile."


“We have a strong product programme and a timely business philosophy that focuses on sustainability and energy efficiency. Even though it’s difficult to make predictions in the current business climate, we remain cautiously optimistic about 2018 thanks to stable profitability and good financial preparedness for acquisitions,” says Gerteric Lindquist.