The heating technology company Nibe's new IR manager, Fredrik Erlandsson, has bought shares in his new employer for a total of SEK 1.7 million in a relatively short time.
Erlandsson tells Affärsvärlden that he believes in both the market and Nibe.
"It feels good to buy now," he says.
Erlandsson further states that there is no timing reason behind the share purchases, given that there is talk that the market may have bottomed out, but that it should be seen more "as a type of monthly savings".
Erlandsson was previously head of IR at Thule, and sold half of his holding for SEK 12.5 million in the spring. The remaining shares were sold in July, he told Afv.
"The sale has only to do with the fact that I want to invest where I am active," he says.
NIBE Industrier AB is a leading company specializing in the manufacturing and marketing of heating systems and products in Europe. Net sales (including intragroup) break down by family of products as follows:
- heating and air-conditioning systems (63%): heat pumps, air conditioning systems, solar heating systems, household boilers, water heaters, cooling equipment, ventilation systems, solar panels, etc.;
- components and solutions for heating control and metering (27.2%);
- wood stoves (9.8%).
Net sales are distributed geographically as follows: Nordic countries (18.5%), Europe (44%), North America (31.1%) and other (6.4%).
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