Nibe Industrier shares rose after the Swedish heating company reported second-quarter sales and operating profit growth, driven by strong heat-pump demand in Europe and the U.S., as well as data-center-related demand.

Net sales increased 8.7% year-over-year at fixed exchange rates to 10.85 billion kroner ($1.14 billion), while operating profit climbed 11% to 1.23 billion kroner.

The growth reflects an uptick in European heat-pump demand and stronger-than-expected U.S. appetite despite the scheduled termination of government subsidies at the end of 2025.

Investors responded positively to the results, which underscore resilience in the heat-pump market amid shifting policy incentives.