NIBE Industrier stock sits 4.28 percent below its yearly high

NIBE Industrier stock stood at SEK 44.98 on Nasdaq Stockholm on September 24, 2026, down 0.88 percent from the previous close and 4.28 percent below its 52-week high of SEK 46.99. The latest quarterly figures show why operating performance is central to the valuation debate.

Q2 revenue beats consensus

In the second quarter of 2026, NIBE reported revenue of SEK 10.849 billion, up 7.6 percent year over year and above the SEK 10.553 billion consensus estimate, according to MarketScreener in its September 2026 report.

The profit comparison was stronger than the sales increase. Operating profit reached SEK 1.232 billion in Q2 2026, compared with SEK 944 million a year earlier, while the operating margin was 11.4 percent, according to the same quarterly report.

Analyst target reaches SEK 47

Analyst expectations also moved higher after the report. Morgan Stanley raised its price target to SEK 47 from SEK 40 and changed its rating to Equalweight from Underweight, as reported by MarketScreener on September 3, 2026.

The target is SEK 2.02 above the September 24 stock price, a gap of 4.49 percent. That comparison leaves the market weighing improved earnings against the distance still separating the share price from its yearly high.

Stock remains below yearly high

NIBE Industrier has a 52-week range of SEK 31.21 to SEK 46.99, with a market capitalization of SEK 90.683 billion as of September 24, 2026. The share price therefore sits close to the upper end of its annual range, while the daily move remains below the 1 percent threshold for a directional headline.

NIBE Industrier AB (publ) develops and sells energy-efficient heating, climate and component solutions through its Climate Solutions, Element and Stoves businesses. The combination of 7.6 percent Q2 sales growth and a 30.5 percent year-over-year increase in operating profit makes margin delivery the key measurable earnings signal.

SEK 44.98 on Nasdaq Stockholm

NIBE Industrier stock was priced at SEK 44.98 on Nasdaq Stockholm on September 24, 2026. The session change was negative 0.88 percent, while the 52-week high remained SEK 46.99.