Nibe Industrier AB Ser. B NIBEB.ST

NIBE Industrier AB is a global heating technology company, based in Sweden. It develops, manufactures and markets a wide range of eco-friendly, energy-efficient indoor heating solutions for all types of properties as well as components and solutions for intelligent heating and control in industry and infrastructure.

The NIBE Group operates through three business segments: Climate Solutions, Element and Stoves. The company employs around 16,600 people worldwide.

In 2019, it was announced that NIBE acquired the Serbian TIKI Group, one of Europe’s largest manufacturers of water heaters. This acquisition was made possible since the previous owners, Gorenje Group’s, decided to focus on the production and sale of major domestic appliances.

NIBE has been listed under the name NIBE Industrier AB on the Nasdaq Nordic Large Cap list since 1997, with a secondary listing on the SIX Swiss Exchange since 2011. The company’s financial results for the third quarter of fiscal 2019 include an increase of 13.7% in sales to SEK 18,205 million. Track this instrument for more updates and news on the current NIBEB.ST value.