The NIBE Group, the Boilerplate

How to refer to the NIBE Group in text

The NIBE Group’s legal name is NIBE Industrier AB, which is to be used only in for mal contexts such as contracts/agreements, the annual report, etc.

When referring to the NIBE Group in a less formal context, please use NIBE Group, for example in the “About the company” information on a web page. This also ensures consistent name usage in relation to the endorsement logo. Please note, NIBE is ALWAYS written with capital letters.

Brief description of the companies/subsidiaries in the NIBE Group

Depending on the level/placement in the Group structure, the description of a relationship may vary, for example: n NN is a company within the Backer Group, part of NIBE Group’s Business Area Element. n NN is a company within NIBE Energy Systems, part of the NIBE Group’s Business Area Climate Solutions. n NN is a subsidiary of the NIBE Group and part of the NIBE Group’s Business Area Climate Solutions/Element/Stoves.

Brief description of the NIBE Group

The following text should be used as a brief description of the NIBE Group. Please note that the text includes figures for sales and number of employees that are accurate. Accordingly, these must be checked and updated regularly.

NIBE Group – a global organisation with companies and a

Presence Worldwide

NIBE Group is a global organisation that contributes to a lower carbon footprint and better utilisation of energy. In our three business areas – Climate Solutions, Element and Stoves – we develop, manufacture and market a wide range of environmentally-friendly, energy-efficient solutions for indoor climate comfort in all types of properties, plus components and solutions for intelligent heating and control in industry and infrastructure.

Since its beginnings in the town of Markaryd in the province of Småland 70 years ago, NIBE has grown into a global group with 20,400 employees on average. From the very start, the company has been driven by a strong culture of entrepreneurship and a passion for corporate responsibility. Its success factors are long-term investments in sustainable product development and strategic acquisitions. Combined, these factors have brought about strong, targeted growth, which generated sales of just over SEK 30 billion in 2021.

NIBE has been listed under the name NIBE Industrier AB on the Nasdaq Nordic Large Cap list since 1997, with a secondary listing on the SIX Swiss Exchange since 2011.

Please note that the sales figure in the description must be checked and updated from year 2019 and onwards. Check on www.nibe.com