NIBE Industrier AB (NIBE) is a provider of sustainable solutions service provider. The company offers products for climate control, indoor climate comfort, and hot water for homes, apartment blocks, and other large properties. It also offers stoves of several sizes and designs that suit both houses and commercial properties. NIBE manufactures elements for hybrid vehicles, domestic and household appliances, commercial products, and HVAC products. The company’s product portfolio includes heat pumps, domestic boilers, cooling equipment, and solar panels. Its customers include industrial users and components users. The company operates in North America, Europe, Nordic regions and Asia. NIBE is headquartered in Markaryd, Sweden.
Headquarters
Sweden
Address
Hannabadsvagen 5, Markaryd, 28532
Website
www.nibe.com
Telephone
46 433 73000
No of Employees
21,300
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
NIBE B (STO)
Revenue (2022)
$4.0B
30%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
31.1%
(2022 vs 2021)
Market Cap*
$8.0B
Net Profit Margin (2022)
XYZ
0.8%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| NIBE Climate Solutions | AbK-Qviller |
| NIBE Element | AIT |
| NIBE Stoves | Askoma |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In November, the company acquired a 70% stake in LS Control A/S. |
| 2023 | Acquisitions/Mergers/Takeovers | In July, the company acquired 77.5% of the shares in Ceramicx Ireland Limited. |
| 2023 | Acquisitions/Mergers/Takeovers | In July, the company acquired 83% stake in Solzaima – Renewable Energy Equipment. |
Competitor Comparison
| Key Parameters | NIBE Industrier AB | Emerson Electric Co | Lennox International Inc | Arbonia AG | Zehnder Group AG |
|---|---|---|---|---|---|
| Headquarters | Sweden | United States of America | United States of America | Switzerland | Switzerland |
| City | Markaryd | St. Louis | Richardson | Arbon | Graenichen |
| State/Province | - | Missouri | Texas | - | - |
| No. of Employees | 21,300 | 67,000 | 13,200 | 6,301 | 3,865 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Hans Linnarson | Chairman | Executive Board | 2015 | 71 |
| Gerteric Lindquist | Chief Executive Officer; Managing Director | Executive Board | 1989 | 72 |
| Hans Backman | Chief Financial Officer | Senior Management | 2011 | 57 |
| Christer Fredriksson | Chief Executive Officer - Backer AB; Head - NIBE Element | Senior Management | 1992 | 68 |
| Klas Dahlberg | Head - NIBE Climate Solutions | Senior Management | 2016 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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