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Swedish heating technology firm NIBE Industrier reported a nearly 25% rise in third-quarter operating profit, signaling a continued market recovery driven by higher sales and cost controls.
Swedish heat pump maker NIBE Industrier reported a significant rebound in profit for the first nine months of the year, driven by improved productivity and cost controls as it navigates global trade challenges.
Swedish heat pump maker NIBE Industrier reported a 41.1% rise in second-quarter operating profit, signaling a continued recovery from a market downturn that prompted a major cost-cutting plan last year.
| 13 Feb 2020 |
| NIBE acquires Dutch company Nathan Holding B.V. | 11 Feb 2020 |
| NIBE acquires TIKI Group, Gorenje’s Serbian operations for the manufacture of hot water heaters | 19 Nov 2019 |
| Continued stable performance in a cautious market | 15 Nov 2019 |
| NIBE acquires 50% of the shares in Turkish ventilation and air conditioning group ÜNTES | 12 Nov 2019 |