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
€694M
29.47
€1.26
1.59
€0.72
1.94%

Bulls say / Bears say

Revenue rose 22.7% to €52.0 million in Q1 2025 (14.1% organic growth), with all regions contributing to stronger top-line performance (GlobeNewswire).
For the full year 2024, revenue increased 16.4% to €175.2 million and operating free cash flow hit €35.0 million (79.4% cash conversion), supporting a proposed dividend hike to €0.75 per share (GlobeNewswire).
In June 2025, Harvia unveiled the world’s first hydrogen-powered sauna through a partnership with Toyota, demonstrating robust innovation and a strong focus on sustainability (GlobeNewswire).
Adjusted operating profit margin narrowed to 17.3% in Q2 2025 from 21.8% a year ago, due to higher personnel and operating costs, a one-off inventory adjustment, and a weaker U.S. dollar (GlobeNewswire).
Organic revenue growth slowed substantially to 2.4% in Q2 2025, signaling weaker underlying demand against a backdrop of uncertain market conditions in major regions (GlobeNewswire).
Net debt soared 77.6% year-on-year to €57.9 million as of June 30, 2025, raising leverage to 1.3x last twelve months’ adjusted EBITDA and increasing financial risk (GlobeNewswire).
Data summarised monthly by Lightyear AI. Last updated on 30 Sept 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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