Harvia Oyj/€HARVIA
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
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
- Sector
- Consumer Discretionary
- Primary listing
- XHEL
- Employees
- 806
- Headquarters
- Muurame, Finland
- Website
- harviagroup.com
Harvia Oyj Metrics
BasicAdvanced
€839M
29.54
€1.51
1.27
€0.76
1.70%
Price and volume
Market cap
€839M
Beta
1.27
52-week high
€46.45
52-week low
€34.95
Average daily volume
20K
Dividend rate
€0.76
Financial strength
Current ratio
3.155
Quick ratio
1.748
Long term debt to equity
0.763
Total debt to equity
0.769
Dividend payout ratio (TTM)
49.76%
Interest coverage (TTM)
18.53%
Profitability
EBITDA (TTM)
46.388
Gross margin (TTM)
62.72%
Net profit margin (TTM)
13.54%
Operating margin (TTM)
19.18%
Effective tax rate (TTM)
21.71%
Revenue per employee (TTM)
€260,000
Management effectiveness
Return on assets (TTM)
9.19%
Return on equity (TTM)
22.89%
Valuation
Price to earnings (TTM)
29.539
Price to revenue (TTM)
3.955
Price to book
6.34
Price to tangible book (TTM)
36.8
Price to free cash flow (TTM)
42.672
Free cash flow yield (TTM)
2.34%
Free cash flow per share (TTM)
1.045
Dividend yield (TTM)
1.70%
Growth
Revenue change (TTM)
11.23%
Earnings per share change (TTM)
19.83%
3-year revenue growth (CAGR)
11.33%
3-year earnings per share growth (CAGR)
8.86%
3-year dividend per share growth (CAGR)
6.36%
What the Analysts think about Harvia Oyj
Analyst ratings (Buy, Hold, Sell) for Harvia Oyj stock.
Analyst projections of the future price of Harvia Oyj stock.
Bulls say / Bears say
North American revenue rose 38.6% in Q2, with wider cabin distribution supporting growth as sauna adoption moves towards mainstream wellness. This was organic growth, giving Harvia a strong regional engine. (Harvia)
Q1 revenue reached a record EUR 58.6 million, up 12.7% organically, while heating equipment sales rose 21%. The adjusted operating margin was 22.0%, showing that product demand and profitability can remain strong outside the seasonal peak. (Harvia)
Inderes expects Harvia to meet its 10% annual sales-growth target and exceed a 20% adjusted operating margin through organic growth. Its forecast is driven by further United States expansion and a growing contribution from APAC and MEA. (Inderes)
Steam products weakened, and management said it was not fully satisfied with the pace of scaling North American steam sales. Competitive pressure and weaker Gulf-region project demand mean Harvia still has to prove that its ThermaSol-led steam strategy can deliver. (Harvia, EarningsCalls)
The shares are not obviously cheap: Inderes put current-year valuation at roughly 20 times EV/EBIT and 25 times earnings. That leaves less room for disappointment if growth slows or margins take longer to recover. (Inderes)
Data summarised monthly by Lightyear AI. Last updated on 25 Sept 2026.
Harvia Oyj Financial Performance
Revenues and expenses
Harvia Oyj Earnings Performance
Company profitability
Upcoming events
Funds containing Harvia Oyj
AllEURGBPUSD
Fund name | Fund size | €HARVIA weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.05% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.05% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
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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