Harvia Oyj/€HARVIA

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About Harvia Oyj

Harvia Oyj is a company based in Finland that operates within the sauna and spa industry. The company specializes in manufacturing and selling a diverse range of sauna heaters, sauna rooms, and related accessories, serving both home and professional segments. Founded in 1950, Harvia has expanded its operations beyond Finland and caters to a global market with sales in multiple countries. The company's strategic positioning is supported by its comprehensive product portfolio and commitment to quality and energy-efficient solutions. Harvia's headquarters are located in Muurame, Finland.

Ticker

€HARVIA

Primary listing

XHEL

Employees

742

Headquarters

Muurame, Finland

Harvia Oyj Metrics

BasicAdvanced
€678M
28.75
€1.26
1.59
€0.75
2.07%

Bulls say / Bears say

Harvia delivered record Q1 2025 revenue of €52.0 m, a 22.7% rise year-on-year (organic 14.1%), driven by strong North American demand and the ThermaSol acquisition (Reuters)
Adjusted operating profit in Q1 2025 climbed to €11.9 m, representing a robust 22.9% margin—above its long-term target—supported by effective supply-chain and pricing actions (Reuters)
Harvia’s collaboration with Toyota to co-develop the world’s first hydrogen-powered sauna underscores its commitment to sustainable innovation and could open new market segments (Toyota)
Harvia’s Q2 2025 adjusted operating profit margin fell to 17.3%, below its 20% long-term target, due to higher employee and other operating expenses, a €0.8 m one-off inventory adjustment and a weakening U.S. dollar (GlobeNewswire)
Organic revenue growth slowed sharply to 2.4% in Q2 2025, suggesting market saturation and that sales growth did not keep pace with cost increases (GlobeNewswire)
Net debt spiked 93% year-on-year to €51.1 m in Q1 2025, lifting leverage to 1.1 × adjusted EBITDA and reducing financial flexibility (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 1 Nov 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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