NIBE Industrier Community

Catalysts Most Immediate Catalysts (1–2 Years) • EU & US Green Energy Subsidies – Governments are pushing for heat pump adoption through incentives, directly benefiting NIBE. • Electrification & Sustainability Trends – The shift away from fossil fuel-based heating systems toward heat pumps and renewable energy solutions is accelerating.

Key Takeaways Heightened cost pressures, regulatory burdens, and global market shifts threaten NIBE's margins, organic growth, and earnings stability. Intensifying competition and acquisition risks may erode profitability, disrupt expansion, and increase operational challenges over time.

Key Takeaways Structural demand for energy-efficient heat pumps, driven by decarbonization and regulation, positions NIBE for sustained revenue outperformance and margin expansion. Improved operating leverage, cost efficiencies, and disciplined M&A equip NIBE to capitalize on industry shifts, delivering robust profit and cash flow growth.

Key Takeaways Projected sales and margin recovery may boost revenue through better demand-production alignment and U.S. market expansion. Cost-saving measures and reduced inventory could enhance margins and cash flow, supporting long-term growth from automation investments.