Swedish industrial group NIBE Industrier B reported six consecutive quarters of growth in the second quarter of 2026, with organic revenue up 8.7% and shares rising 9.38% in premarket trading.
The company posted total revenue growth of 7.6% to SEK 16.1 billion, driven by its Climate Solutions segment, which grew 9% organically to SEK 7.3 billion. Operating margins in the segment reached 13.8% in the quarter, up from 12.2% year-to-date, while the group maintained its full-year operating margin guidance of 13% to 15%. The Element division, which includes semiconductor and HVAC exposure, reported 11.6% organic growth to SEK 3.1 billion, with operating margins improving to 8.9% from 6.6% a year earlier.
NIBE’s Stoves segment recorded SEK 686 million in sales, a 2% organic increase, while narrowing its operating loss by 50% year-over-year. The segment remains subject to a 25% tariff in North America and Canada. Operating cash flow surged about 50% to SEK 800 million, and net debt fell to SEK 2.7 billion, with management targeting SEK 2.0 billion to 2.1 billion by year-end. Capital expenditures totaled SEK 330 million, down from SEK 480 million in the prior year.
Geographically, 45% of sales came from the rest of Europe, 30% from North America, 20% from the Nordic countries, and 7% from Asia, primarily through the Element division. Shares of NIBE rose 9.38% to SEK 42.2 in premarket trading, following a 52-week range of SEK 31.2 to SEK 47.
CEO Gerteric Lindquist highlighted the company’s sustained growth trajectory, stating that six consecutive quarters of growth reflect a trend rather than a one-off performance. CFO Hans Backman noted confidence in reducing net debt to SEK 2.0 billion to 2.1 billion by year-end.
