)
Edge16 Aug 2024
The Småland Spirit: How Rural Sweden Birthed Giants Like IKEA
Discover how The Småland Spirit turned a historically poor region into a hub of industrial success, spawning success stories like IKEA and Husqvarna.
Nibe Industrier
Nibe Industrier (NIBE) investor relations material
Nibe Industrier Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Recovery continued through 2025, with robust Q4 sales and operating profit despite currency headwinds, tariffs, and global uncertainties.
Net sales for 2025 reached SEK 40,841 million, up 0.8% year-over-year, with organic growth of 5.3% at fixed exchange rates.
Adjusted operating profit rose to SEK 4,303 million, with an operating margin of 10.5%, up from 8.0% last year.
Net profit increased to SEK 2,280 million, and adjusted EPS was SEK 1.20, compared to SEK 0.80 in 2024.
Seasonality returned to historical patterns, with Q4 being a strong period.
Financial highlights
Q4 2025 invoiced sales: SEK 11,000m (flat year-over-year); full year: SEK 40,841m (+0.8%).
Q4 operating profit: SEK 1,438m (+27.4% year-over-year); full year: SEK 4,303m (+33.4%).
Organic growth in Q4 was +6.8% and +5.3% for the full year, excluding currency effects.
Net debt/EBITDA improved to 2.7 from 3.5.
Equity/assets ratio increased to 46.6% from 45.6%.
Outlook and guidance
Management expects continued organic growth and aims for all business areas to reach historical operating margin ranges in 2026.
Climate Solutions targets a 13-15% margin in 2026.
Focus on cost control, productivity, and leveraging recent investments to drive future performance.
Investment levels expected to normalize after completion of major programs.
Long-term demand for energy-efficient and sustainable products is expected to remain strong.
US heat pump subsidy removal: expected impact
Quantify US-Canada trade tariff impact on Stoves
Identify Element's semiconductor growth drivers
Path to 15% Climate Solutions margin?
North America CS outperformance drivers?
Future capex levels post-investment program?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Nibe Industrier earnings date
Q1 202619 May, 2026
Nibe Industrier
Next Nibe Industrier earnings date
Q1 202619 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge19 Apr 2024
The Three Cornerstones of Serial Acquirer Success
Explore what is behind successful serial acquirers: efficient capital use, decentralization, and a strong focus on people.
)
Company Research6 Dec 2023
NIBE: Creating Millionaires and a Greener Future
NIBE, just like IKEA, was founded in a rural part of Sweden called Småland. The company offers a wide range of pumps, wood stoves, and solar panels.
Frequently asked questions
NIBE Industrier AB engages in the development, manufacture, marketing, and sale of residential and commercial heating equipment. It offers heat pumps, ventilation products and air conditioning systems; climate control systems; water heaters; PV panels; domestic boilers; commercial washing machines; and tumble dryers for homes, apartment blocks, and commercial properties. NIBE Industrier AB was founded in 1949 and is headquartered in Markaryd, Sweden.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage