Nibe Industrier stock gets a 47 SEK target after Q2 gains

Published on 09/29/2026 at 08:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nibe Industrier stock was last quoted at SEK 45.74 on Nasdaq Stockholm on September 28, 2026. Q2 sales rose 7.6 percent to SEK 10.85 billion.

Weiße Wärmepumpe steht winters neben dunklem Holzhaus im Schnee — Nibe Industrier AB (SE0015988019) zeigt moderne Luft-Wasser-Wärmepumpe am winterlichen Einfamilienhaus in Skandinavien, Illustration mit AI erstellt.

Nibe Industrier (SE0015988019) was last quoted at SEK 45.74 on Nasdaq Stockholm on September 28, 2026, with a daily gain of 0.15 percent. The Swedish heating technology group is balancing stronger second-quarter profitability against a Morgan Stanley target of SEK 47.00.

Q2 margin reaches 11.4 percent

According to The Globe and Mail, NIBE reported second-quarter 2026 net sales of SEK 10.85 billion, up 7.6 percent from the prior-year period. Operating profit reached SEK 1.23 billion and the operating margin was 11.4 percent, giving investors a concrete measure of the recovery in profitability.

The same report said profit after financial items was SEK 1.03 billion, net income was SEK 753 million and earnings per share reached SEK 0.37 in Q2 2026. Net debt to EBITDA fell to 2.7 times, which adds balance-sheet support to the earnings improvement.

Analyst target stays near market price

MarketScreener reported on September 3, 2026, that Morgan Stanley raised NIBE to equal-weight from underweight and set a SEK 47.00 price target. The target is SEK 1.26 above the September 28 price, a 2.75 percent premium, so the call points to limited near-term valuation upside rather than an aggressive re-rating.

MarketScreener also lists an average analyst target of SEK 46.08 from 13 analysts. That average is SEK 0.34 above the reference price, or 0.74 percent, while the company's heating and climate solutions remain tied to demand for energy-efficient equipment across Europe and North America.

Stock trades below its yearly high

NIBE Industrier's September 28 price of SEK 45.74 stood SEK 1.25 below its 52-week high of SEK 46.99 and SEK 14.53 above its 52-week low of SEK 31.21. Trading volume was 4,364,308 shares, while market capitalization was SEK 92.2 billion on the same snapshot.