NIBE flags SEK 150 million annual hit to Stoves profit from US-Canada tariffs
Reuters2026/08/21 06:08- US tariffs hit NIBE’s Stoves unit, weighing on earnings despite improvements in operating profit and margin in Q2 2026.
- New tariffs introduced early in the quarter are expected to cut annual operating profit by about SEK 150 million.
- Tariffs between the US and Canada significantly pressured its three Canadian stove businesses, limiting pricing flexibility without risking market share.
- Stoves now targets a 6-8% operating margin in the near term, down from a prior 10-13% ambition for 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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