Profit boost for Nibe – despite tariffs and krona shock

Sales rose marginally to 29.8 billion, from 29.5 billion a year earlier.

Political turbulence and a strong krona are hitting the company, writes CEO Gerteric Lindquist in a comment in the report:

"Imposed and changing duties and tariffs have of course been difficult to counter, but what is probably holding back the really clear improvement in sales is the concern about what the political turbulence will have in both the short and long term," he writes.

"The stronger Swedish currency is pleasing in many aspects, but when compared immediately with sales and results during the corresponding period last year, some of the positive purely organic development disappears," he adds.