2026 Q2 - tulosraportti
31 päivää sitten
‧1 t 1 min
0,35 SEK/osake
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0,81%Tuotto/v
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Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 101 | - | - | ||
| 6 | - | - | ||
| 1 240 | - | - | ||
| 2 610 | - | - | ||
| 1 102 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 17.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 21.8. | ||
2026 Q1 - tulosraportti 19.5. | ||
2025 Q4 - tulosraportti 12.2. | ||
2025 Q3 - tulosraportti 14.11.2025 | ||
2025 Q2 - tulosraportti 22.8.2025 |
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
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Liity keskusteluun Nordnet Socialissa
Kirjaudu
·1 t sittenQ3:25 shows quite clearly what improved German heat pump data can do for NIBE, Climate Solutions then grew 7.9 % organically ex currency and the margin rose to 14 %. Now the German subsidy applications are over 100 % higher YoY and at almost double the absolute level compared to last year. If that converts to deliveries approximately like 2025, Germany should be a clear tailwind even in Q3:26 and above all provide continued leverage on the margin. I believe the recovery is already baked in, but not necessarily the full strength of the latest German data. If autumn continues in the same style, I think the probability is quite good that the estimates will creep up further before the Q3 report on November 17.
·3 päivää sitten · MuokattuGerman gas storage facilities are today 18 September full to 56%. The average over recent years is 17 percentage points higher. Spot prices for gas are today 168% higher than in January, i.e. almost 3 times higher prices. Don't know what that means for the consumer, though. Source NDR: https://www.ndr.de/nachrichten/info/Gasspeicher-in-Deutschland-So-steht-es-um-die-Fuellstaende,gasspeicher120.html- ·14.9.Oil price 108$ and strongly rising and Nibe drops 2.5%. That spells manipulation. The volume was pleasingly low. The short sellers' meager luck is that the subsidy figures from Germany are delayed.
I came in to look at the company's value. This is because the price of diesel can rise significantly if Trump succeeds in limiting diesel exports to Europe. The price at the pump could be as high as 3.20€/liter if one paints the ugly man on the wall. I still think the company is too expensive and does not show reasonable growth for that price. If the ugly man dries up, a very large market will probably open up in Central Europe. I abstain in any case. - ·10.9. · MuokattuI read through Citi's Nibe analysis. They are neutral with a target price of 46kr. Citi is actually making a quite substantial earnings revision, but without becoming more positive on the recommendation. Citi raises EPS for 2026 from 1,54 to 1,63 kr, 2027 from 1,83 to 1,95 kr and 2028 from 2,04 to 2,15 kr. This corresponds to approximately +5,8 %, +6,6 % and +5,4 %. It is therefore not just a one-off effect in 2026, but a clear upward adjustment of the entire earnings trajectory. The background is Q2. NIBE reported 7,6 % revenue growth, 8,7 % in constant currencies, and an EBIT margin of 11,4 % against 9,4 % the year before. Citi explicitly states that the big positive surprise was the margins and factory productivity, and now expects approximately 8 % organic growth in H2 and a full-year margin of 11,9 %. This is completely in line with what NIBE itself showed in Q2: better volume through the factories provides clear earnings leverage. This means that Citi expects EBIT +21 % in 2026, +14 % in 2027 and +8 % in 2028, i.e., clearly faster earnings growth than revenue growth. This is exactly the operating-leverage-effect we have discussed. There is also another thing that I think is important: Citi forecasts that net debt will fall from 14,2 billion in 2025 to 11,1 billion in 2026, 8,3 billion in 2027 and 5,3 billion in 2028. This means rapidly improved financial capacity, which in turn increases NIBE's ability to return to larger acquisitions. Citi's 46 kr is in practice a scenario where NIBE delivers better, but is valued approximately as today. If Q3/Q4 confirms 8 % growth and margins continue towards 12,5–13 %, then the next potential step is not just higher EPS estimates but for the market to start discussing whether 17x EV/EBIT really is the right multiple for a NIBE that is once again growing. That is why the next big question is not just whether earnings grow, but what multiple the market is prepared to put on those earnings. If Q3/Q4 confirms 8 % organic growth and continued margin expansion, 17x EV/EBIT might start to look quite conservative. With Citi's 2027 EPS of 1,95 kr becomes: P/E 22 = 42,9 kr P/E 25 = 48,8 kr P/E 28 = 54,6 kr P/E 30 = 58,5 krNIBE is, in my opinion, on the rising part of the cycle, perhaps roughly the first half of the recovery rather than near the peak. It's quite a big difference compared to buying a cyclical company when margins are already record high. @MrFalk That's also why the P/E discussion becomes interesting. NIBE's current earnings are likely still below a normalized earnings level, while margins are improving. Then a P/E of, for example, 25–30 on next year's earnings might look high, but the multiple can fall quite quickly if EPS continues to rise.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 6 875 627 | 6 875 627 | 0 | 0 |
| Swedbank AB | 597 600 | 597 600 | 0 | 597 600 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 6 875 627 | 6 875 627 | 0 | 0 |
| Swedbank AB | 597 600 | 597 600 | 0 | 597 600 |
2026 Q2 - tulosraportti
31 päivää sitten
‧1 t 1 min
0,35 SEK/osake
Viimeisin osinko
0,81%Tuotto/v
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·1 t sittenQ3:25 shows quite clearly what improved German heat pump data can do for NIBE, Climate Solutions then grew 7.9 % organically ex currency and the margin rose to 14 %. Now the German subsidy applications are over 100 % higher YoY and at almost double the absolute level compared to last year. If that converts to deliveries approximately like 2025, Germany should be a clear tailwind even in Q3:26 and above all provide continued leverage on the margin. I believe the recovery is already baked in, but not necessarily the full strength of the latest German data. If autumn continues in the same style, I think the probability is quite good that the estimates will creep up further before the Q3 report on November 17.
- ·3 päivää sitten · MuokattuGerman gas storage facilities are today 18 September full to 56%. The average over recent years is 17 percentage points higher. Spot prices for gas are today 168% higher than in January, i.e. almost 3 times higher prices. Don't know what that means for the consumer, though. Source NDR: https://www.ndr.de/nachrichten/info/Gasspeicher-in-Deutschland-So-steht-es-um-die-Fuellstaende,gasspeicher120.html
- ·14.9.Oil price 108$ and strongly rising and Nibe drops 2.5%. That spells manipulation. The volume was pleasingly low. The short sellers' meager luck is that the subsidy figures from Germany are delayed.I came in to look at the company's value. This is because the price of diesel can rise significantly if Trump succeeds in limiting diesel exports to Europe. The price at the pump could be as high as 3.20€/liter if one paints the ugly man on the wall. I still think the company is too expensive and does not show reasonable growth for that price. If the ugly man dries up, a very large market will probably open up in Central Europe. I abstain in any case.
- ·10.9. · MuokattuI read through Citi's Nibe analysis. They are neutral with a target price of 46kr. Citi is actually making a quite substantial earnings revision, but without becoming more positive on the recommendation. Citi raises EPS for 2026 from 1,54 to 1,63 kr, 2027 from 1,83 to 1,95 kr and 2028 from 2,04 to 2,15 kr. This corresponds to approximately +5,8 %, +6,6 % and +5,4 %. It is therefore not just a one-off effect in 2026, but a clear upward adjustment of the entire earnings trajectory. The background is Q2. NIBE reported 7,6 % revenue growth, 8,7 % in constant currencies, and an EBIT margin of 11,4 % against 9,4 % the year before. Citi explicitly states that the big positive surprise was the margins and factory productivity, and now expects approximately 8 % organic growth in H2 and a full-year margin of 11,9 %. This is completely in line with what NIBE itself showed in Q2: better volume through the factories provides clear earnings leverage. This means that Citi expects EBIT +21 % in 2026, +14 % in 2027 and +8 % in 2028, i.e., clearly faster earnings growth than revenue growth. This is exactly the operating-leverage-effect we have discussed. There is also another thing that I think is important: Citi forecasts that net debt will fall from 14,2 billion in 2025 to 11,1 billion in 2026, 8,3 billion in 2027 and 5,3 billion in 2028. This means rapidly improved financial capacity, which in turn increases NIBE's ability to return to larger acquisitions. Citi's 46 kr is in practice a scenario where NIBE delivers better, but is valued approximately as today. If Q3/Q4 confirms 8 % growth and margins continue towards 12,5–13 %, then the next potential step is not just higher EPS estimates but for the market to start discussing whether 17x EV/EBIT really is the right multiple for a NIBE that is once again growing. That is why the next big question is not just whether earnings grow, but what multiple the market is prepared to put on those earnings. If Q3/Q4 confirms 8 % organic growth and continued margin expansion, 17x EV/EBIT might start to look quite conservative. With Citi's 2027 EPS of 1,95 kr becomes: P/E 22 = 42,9 kr P/E 25 = 48,8 kr P/E 28 = 54,6 kr P/E 30 = 58,5 krNIBE is, in my opinion, on the rising part of the cycle, perhaps roughly the first half of the recovery rather than near the peak. It's quite a big difference compared to buying a cyclical company when margins are already record high. @MrFalk That's also why the P/E discussion becomes interesting. NIBE's current earnings are likely still below a normalized earnings level, while margins are improving. Then a P/E of, for example, 25–30 on next year's earnings might look high, but the multiple can fall quite quickly if EPS continues to rise.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 101 | - | - | ||
| 6 | - | - | ||
| 1 240 | - | - | ||
| 2 610 | - | - | ||
| 1 102 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 17.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 21.8. | ||
2026 Q1 - tulosraportti 19.5. | ||
2025 Q4 - tulosraportti 12.2. | ||
2025 Q3 - tulosraportti 14.11.2025 | ||
2025 Q2 - tulosraportti 22.8.2025 |
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 6 875 627 | 6 875 627 | 0 | 0 |
| Swedbank AB | 597 600 | 597 600 | 0 | 597 600 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 6 875 627 | 6 875 627 | 0 | 0 |
| Swedbank AB | 597 600 | 597 600 | 0 | 597 600 |
2026 Q2 - tulosraportti
31 päivää sitten
‧1 t 1 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 17.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 21.8. | ||
2026 Q1 - tulosraportti 19.5. | ||
2025 Q4 - tulosraportti 12.2. | ||
2025 Q3 - tulosraportti 14.11.2025 | ||
2025 Q2 - tulosraportti 22.8.2025 |
0,35 SEK/osake
Viimeisin osinko
0,81%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·1 t sittenQ3:25 shows quite clearly what improved German heat pump data can do for NIBE, Climate Solutions then grew 7.9 % organically ex currency and the margin rose to 14 %. Now the German subsidy applications are over 100 % higher YoY and at almost double the absolute level compared to last year. If that converts to deliveries approximately like 2025, Germany should be a clear tailwind even in Q3:26 and above all provide continued leverage on the margin. I believe the recovery is already baked in, but not necessarily the full strength of the latest German data. If autumn continues in the same style, I think the probability is quite good that the estimates will creep up further before the Q3 report on November 17.
- ·3 päivää sitten · MuokattuGerman gas storage facilities are today 18 September full to 56%. The average over recent years is 17 percentage points higher. Spot prices for gas are today 168% higher than in January, i.e. almost 3 times higher prices. Don't know what that means for the consumer, though. Source NDR: https://www.ndr.de/nachrichten/info/Gasspeicher-in-Deutschland-So-steht-es-um-die-Fuellstaende,gasspeicher120.html
- ·14.9.Oil price 108$ and strongly rising and Nibe drops 2.5%. That spells manipulation. The volume was pleasingly low. The short sellers' meager luck is that the subsidy figures from Germany are delayed.I came in to look at the company's value. This is because the price of diesel can rise significantly if Trump succeeds in limiting diesel exports to Europe. The price at the pump could be as high as 3.20€/liter if one paints the ugly man on the wall. I still think the company is too expensive and does not show reasonable growth for that price. If the ugly man dries up, a very large market will probably open up in Central Europe. I abstain in any case.
- ·10.9. · MuokattuI read through Citi's Nibe analysis. They are neutral with a target price of 46kr. Citi is actually making a quite substantial earnings revision, but without becoming more positive on the recommendation. Citi raises EPS for 2026 from 1,54 to 1,63 kr, 2027 from 1,83 to 1,95 kr and 2028 from 2,04 to 2,15 kr. This corresponds to approximately +5,8 %, +6,6 % and +5,4 %. It is therefore not just a one-off effect in 2026, but a clear upward adjustment of the entire earnings trajectory. The background is Q2. NIBE reported 7,6 % revenue growth, 8,7 % in constant currencies, and an EBIT margin of 11,4 % against 9,4 % the year before. Citi explicitly states that the big positive surprise was the margins and factory productivity, and now expects approximately 8 % organic growth in H2 and a full-year margin of 11,9 %. This is completely in line with what NIBE itself showed in Q2: better volume through the factories provides clear earnings leverage. This means that Citi expects EBIT +21 % in 2026, +14 % in 2027 and +8 % in 2028, i.e., clearly faster earnings growth than revenue growth. This is exactly the operating-leverage-effect we have discussed. There is also another thing that I think is important: Citi forecasts that net debt will fall from 14,2 billion in 2025 to 11,1 billion in 2026, 8,3 billion in 2027 and 5,3 billion in 2028. This means rapidly improved financial capacity, which in turn increases NIBE's ability to return to larger acquisitions. Citi's 46 kr is in practice a scenario where NIBE delivers better, but is valued approximately as today. If Q3/Q4 confirms 8 % growth and margins continue towards 12,5–13 %, then the next potential step is not just higher EPS estimates but for the market to start discussing whether 17x EV/EBIT really is the right multiple for a NIBE that is once again growing. That is why the next big question is not just whether earnings grow, but what multiple the market is prepared to put on those earnings. If Q3/Q4 confirms 8 % organic growth and continued margin expansion, 17x EV/EBIT might start to look quite conservative. With Citi's 2027 EPS of 1,95 kr becomes: P/E 22 = 42,9 kr P/E 25 = 48,8 kr P/E 28 = 54,6 kr P/E 30 = 58,5 krNIBE is, in my opinion, on the rising part of the cycle, perhaps roughly the first half of the recovery rather than near the peak. It's quite a big difference compared to buying a cyclical company when margins are already record high. @MrFalk That's also why the P/E discussion becomes interesting. NIBE's current earnings are likely still below a normalized earnings level, while margins are improving. Then a P/E of, for example, 25–30 on next year's earnings might look high, but the multiple can fall quite quickly if EPS continues to rise.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 101 | - | - | ||
| 6 | - | - | ||
| 1 240 | - | - | ||
| 2 610 | - | - | ||
| 1 102 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Asiakkaat katsoivat myös
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 6 875 627 | 6 875 627 | 0 | 0 |
| Swedbank AB | 597 600 | 597 600 | 0 | 597 600 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 6 875 627 | 6 875 627 | 0 | 0 |
| Swedbank AB | 597 600 | 597 600 | 0 | 597 600 |