Harvia Oyj

Harvia Oyj

43.80
EUR
+0.50
(+1.15%)
1.43EPS
28.57P/E
766.29MMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
4.83
5.21
6.25
3.71
3.96
5.84
9.6
9.23
8.06
9.37
10.64
11.36
Basic EPS, GAAP
- -
0.4
0.34
0.3
0.41
0.51
0.83
1.8
1.45
1.25
1.3
1.41
1.44
Free Cash Flow per Basic Share
- -
1.01
0.93
0.71
0.43
0.71
1.36
0.54
1.11
1.93
1.37
1.08
1.26
Dividend per Share
- -
- -
- -
- -
0.2
0.37
0.38
0.51
0.61
0.64
0.68
0.75
1.14
Book Value per Share
0.49
0.71
0.91
1.04
3.52
3.68
3.56
4.32
5.21
5.76
6.58
6.92
7.08
Tangible Book Value per Share
-2.59
-2.36
-2.41
-2.32
0.06
0.24
-0.8
-0.32
0.72
1.36
0.8
1.12
1.22
Basic Weighted Avg Shares
19
10
10
10
17
19
19
19
19
19
19
19
19
Sales/Revenue/Turnover
- -
46
50
60
62
74
109
179
172
151
175
199
212
Operating Margin (%)
- -
22.92
19.36
15.41
15.14
17.99
20.51
26.04
20.67
21.95
20.26
19.26
18.47
Depreciation Expense
- -
2
2
2
2
3
4
6
7
6
7
7
8
Net Income, GAAP
- -
4
3
3
7
10
15
34
27
23
24
26
27
Effective Tax Rate (%)
- -
29.35
27.67
33
- -
20.43
21.62
23.06
23.7
21.17
23.96
20.42
20.84
Profit Margin (%)
- -
8.19
6.62
4.85
10.95
12.95
14.18
18.8
15.71
15.46
13.84
13.29
12.63
Working Capital
18
18
16
17
24
26
40
50
65
75
89
89
89
LT Debt
81
75
74
73
36
39
59
59
77
77
103
102
102
Total Equity
9
13
17
19
66
69
69
84
98
109
124
131
133
Return on Invested Capital (%)
- -
8.06
7.33
6.19
- -
9.91
14.54
25.41
15.93
13.91
12.8
13.09
13.06
Return on Capital (%)
- -
7.99
7.24
6.56
- -
9.61
13.37
24.64
16.73
13.93
12.94
12.58
13.28
Return on Common Equity (%)
- -
34.28
22.07
16.12
15.93
14.25
22.88
45.82
30.46
22.72
21.04
20.96
20.53

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
95
95
95
LT Finance Leases
6
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
19
19
Market Capitalization
796
605
766

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
123
134
131
Cash, Cash Equivalents & STI
45
53
45
Accounts Receivable, Net
21
23
22
Inventories
52
53
58
Total Current Liabilities
34
35
41
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
35.74%
13.79%
5.21%
Free Cash Flow
21.96%
13.86%
-20.9%
Net Income, GAAP
30.77%
19.43%
9.05%
Sales/Revenue/Turnover
17.55%
15.53%
13.52%
Total Cash Common Dividend
- -
15.03%
10.29%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
42
43
39
51
175
2025
52
47
- -
54
199
2026
59
53
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.31
0.29
0.29
1.3
2025
0.45
0.23
- -
0.4
1.41
2026
0.5
0.3
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.34
- -
0.34
0.68
2025
- -
0.38
- -
0.37
0.75
2026
- -
0.39
- -
- -
- -

Company Description

CEO
Matias Järnefelt
Full Time Employees
735
Sector
Consumer durables
Industry
Electronics/Appliances
Address
Teollisuustie 1-7 Muurame CF Finland 40950
IPO Date
Mar 22, 2018
Website
harvia.fi
Business
Harvia Oyj is a leading global manufacturer of sauna, steam, and related wellness products. The company produces a comprehensive range of heaters, including electric, wood-burning, and commercial models; prefabricated sauna cabins and modules; steam generators and steam rooms; control units and accessories such as stones, buckets, ladles, and lighting; as well as outdoor shower solutions and hot tub products. Harvia markets its offerings under brands like Harvia, Helo, and TylöHelo, serving residential, commercial, and public sector customers worldwide. Headquartered in Muurame, Finland, and founded in 1950, Harvia operates production facilities in Finland, Estonia, and the United States, with sales and distribution networks spanning Europe, North America, and Asia. The company focuses on the sauna and wellness industry, targeting individual consumers, hotels, spas, fitness centers, and public facilities seeking high-quality, energy-efficient heating and bathing solutions. Its business segments emphasize product development for sustainable, smart sauna experiences, including app-controlled and infrared technologies. In recent developments, Harvia expanded its U.S. manufacturing capacity through investments in its Huhtamäki, Georgia facility in 2024 to meet growing North American demand. The company also strengthened its market position via strategic partnerships and product launches, such as new eco-friendly wood-burning heaters and digital control systems introduced in late 2024. No major acquisitions, funding rounds, or name changes have been reported in the last 1-2 years, with operations remaining stable under its current structure.

Company News

  • Harvia Oyj (HRVFF) Q2 2026 Earnings Call Transcript

  • Harvia: A Hidden European Growth Story With A Powerful Replacement Flywheel

  • Harvia Oyj (HRVFF) Q1 2026 Earnings Call Transcript

  • Harvia Oyj: Acquisition of own shares on February 20, 2026

  • Harvia Oyj: Acquisition of own shares on February 19, 2026

  • Harvia Oyj (HRVFF) Q4 2025 Earnings Call Transcript