Nibe Sees Profit Surge in Second Quarter Amid Brighter Outlook

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Nibe Sees Profit Surge in Second Quarter Amid Brighter Outlook
Photo: Johan Nilsson / TT

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Stock exchange listed Nibe, manufacturer of, among other things, heat pumps, made a profit before tax of 1 214 million kronor for the second quarter, which can be compared to the loss of 515 million during the same period last year, which was then affected by large one-time items.

Revenues rose from 19.5 billion kronor to almost 19.8 billion kronor.

"The second quarter is a confirmation that the brighter prospects we have been able to discern since the end of last year persist", writes CEO Gerteric Lindquist in the quarterly report.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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