Nibe's stock surged 8% after its Climate Solutions division significantly beat analyst expectations, driving investor confidence despite mixed results across other divisions. The Swedish heating tech firm reported flat Q4 sales of SEK 11 billion but showed a sharp improvement in operating profit to SEK 1.438 billion, lifting the margin to 13.1% from 10.2% a year prior. Climate Solutions emerged as the standout, with 15.7% operating margin and 8.7% organic growth, exceeding forecasts.

However, the Element and Stove segments underperformed, with Element declining 3% and Stove falling 6.8%. The company also confirmed a full-year sales increase to SEK 40.84 billion and proposed a dividend hike to SEK 0.35 per share from SEK 0.30.