”Demand remained high. This was mainly due to the transition to a more sustainable society in both Europe and North America and to measures taken by end-consumers to mitigate expected continued volatility in energy prices in Europe,” said Gerteric Lindquist, NIBE’s Managing Director and CEO.
“The supply chain situation improved significantly in the latter part of the period as our sub-suppliers’ delivery capacity and delivery reliability improved further. This, in turn, means that we have gradually returned to more normal delivery times and our assessment is that we will have restored our delivery performance in the second half of the year.”
”The acquisitions completed in the period will also expand our market presence and give us new product offerings and good insights into new business models.”
”Even though it is difficult to make predictions in the current business climate, we are cautiously optimistic about our full-year performance in 2023 thanks to our geographic spread, focus on corporate responsibility, stable profitability and good financial preparedness for further offensive acquisitions,” said Gerteric Lindquist.
A media and analyst webcast (in English) will take place today at 11:00 CEST with CEO Gerteric Lindquist and CFO Hans Backman. NB: Registration on our website www.nibe.com External link. is required in order to participate in the conference and to obtain a code to be able to ask questions.
For more information: Gerteric Lindquist, CEO and Hans Backman, CFO; +46 (0) 433-27 30 00
NIBE Industrier AB (publ) is required to disclose the information in this press release under the EU’s Market Abuse Regulation and the Swedish Securities Market Act. This information was submitted by the contact persons above for publication on May 16, 2023 at 08:00 CEST.