Valuation Result

Final Brand Value

NIBE — Climate Solutions

Valuation date: 10/29/2026

Total Brand Value

SEK 1.1B

This result turns the selected legal, brand, benchmark and discount-rate assumptions into one reviewable brand value estimate.

Brand Strength

76/100

Royalty Rate

1.5%

Discount Rate

10.0%

Benchmark recommendation not unlocked for this result

Sensitivity snapshot

Quick decision check for discount rate, royalty rate and long-term growth.

Variable

Lower input

Current

Higher input

WACC (Discount Rate)

10.0%

-1.0%

SEK 1.2B

10.0%

SEK 1.1B

+1.0%

SEK 962.7M

Royalty Rate

1.5%

-0.5%

SEK 719.4M

1.5%

SEK 1.1B

+0.5%

SEK 1.4B

Terminal Growth

1.5%

-0.5%

SEK 1.0B

1.5%

SEK 1.1B

+0.5%

SEK 1.1B

Brand Strength changes can also be explored to show their potential effect on brand value. Contact info@brandvaluator.se if you want to explore this for strategy, planning and budgeting.

Revenue Base

SEK 6.7B

Legal Protection

78/100

Long-term Growth

1.5%

Recommendation basis

Brand-strength range • Pro

This reference case derives its royalty rate by applying the brand-strength score to a documented industry royalty ceiling.

This valuation uses benchmark support informed by external market references and curated internal calibration.

Use this section to confirm whether the result reflects unlocked benchmark guidance or a non-benchmark method.

Forecast profile

5 years explicit forecast

High growth: 3.0%

Base growth: 2.5%

Long-term growth: 1.5%

Value build

Value for planning period: SEK 349.2M

Terminal value: SEK 722.8M

How the valuation is built

Valuation Build

Royalty Relief DCF

Year	Revenue	Royalty	After Tax	PV
Y1	SEK 6,909,755,000	SEK 105,028,276	SEK 83,392,451	SEK 79,511,590
Y2	SEK 7,117,047,650	SEK 108,179,124	SEK 85,894,225	SEK 74,451,775
Y3	SEK 7,330,559,080	SEK 111,424,498	SEK 88,471,051	SEK 69,713,947
Y4	SEK 7,513,823,056	SEK 114,210,110	SEK 90,682,828	SEK 64,960,735
Y5	SEK 7,701,668,633	SEK 117,065,363	SEK 92,949,898	SEK 60,531,605
Explicit PV (Y1–Y5)				SEK 349,169,652
Terminal Value (undiscounted)				SEK 1,109,933,751
Terminal PV (discounted)				SEK 722,820,282
Total Brand Value				SEK 1,071,989,934

Supporting context

This section explains the evidence and judgment used to support the recommendation and the legal, brand and financial assumptions used in the valuation.

Reference case

NIBE

Prepared reference case

Indicative value of the NIBE product name on an assumed 25% share of Climate Solutions revenue. It excludes other group marks, manufacturing, technology, customer contracts and the value of NIBE Industrier.

The 25% NIBE-name share of external Climate Solutions sales and the 2.00% name-only royalty ceiling are analyst assumptions. The 76/100 BSI selects 1.520% royalty, about SEK 102.0m opening rent. Applying the same 25% allocation to reported SEK 3.493bn segment operating profit gives an illustrative 11.7%-of-profit burden; brand-level profit was not disclosed. Legal and behavioral scores are outside-in estimates, not a legal opinion or customer survey.

Informed by numerous sources including company reporting, investor materials, analyst research, market data and selected benchmark references where relevant.

Key inputs

Reported = directly sourced • Estimated = selected judgment • Inferred = derived from broader evidence • Assumed = inclusion choice

Revenue base

SEK 6.709bn assumed NIBE-name share of FY2025 external Climate Solutions salesinferred

Planning growth

3.00% for 3 years, then 2.50%estimated

Long-term growth

1.50%estimated

Royalty rate selected

1.52%estimated

Discount rate

10.00%estimated

Brand Strength

76/100 (B+)estimated

Legal analysis

78/100estimated

Company disclosures

These links lead to company-issued materials. BrandValuator cross-checks indicative estimates against multiple sources; the final assumptions and judgments are our own. Each input is labeled by evidence status above.

NIBE Annual Report 2025: Climate Solutions sales and operating profit

Legal Protection

trademark Status84

scope Of Rights78

risk Profile73

litigation75

contractual Rights78

goodwill Evidence82

regulatory Compliance78

Brand Strength

marketing Investment74

quality82

availability75

distinctive Brand Codes76

mental Availability76

consideration78

trust81

choice Share73

penetration74

price Elasticity70

revenue Premium75

margin Premium71

stability78