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NIBE_B: Revenue down 20% year-over-year, but margin recovery and cost savings drive cautious optimism

NIBE_B: Revenue down 20% year-over-year, but margin recovery and cost savings drive cautious optimism

Nibe Industrier Ab Class BNovember 15, 20245
NIBE_B: Revenue down 20% year-over-year, but margin recovery and cost savings drive cautious optimism

About this update from Nibe Industrier Ab Class B

Revenue declined 20% year-over-year, with operating margin at 8.5% and sequential improvement as cost-saving measures take effect. Inventory normalization and a resilient North American market support optimism for a return to historical margins by 2025.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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