Added to YB: 2026-08-10
Pitch date: 2026-08-06
HARVIA.HE [neutral]
Harvia Oyj
-1.67%
current return
Author Info
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Company Info
Harvia Oyj designs, manufactures, and markets a range of sauna products worldwide. The company provides sauna heaters and rooms, infrared and steam saunas, steam showers, spa components, Scandinavian hot tubs, control units, heater stones, and sauna accessories; and sauna interior solutions, such as sauna benches, audio speakers, and lighting solutions.
Market Cap
EUR 787.7M
Pitch Price
EUR 44.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.65
P/E
27.92
EV/Sales
4.01
Sector
Leisure Products
Category
growth
Excellent Performance for Harvia
HARVIA.HE (earnings): Q2 solid, beat ex-IT upgrade (€4M shift to Q3) & Mideast delays. ~20% EBIT margin in weakest quarter shows OPEX leverage. US growth ex-ThermaSol +53% YoY, +71% 2yr stack, headcount +43%. Heating equip +20-22% CAGR. Consensus too conservative into replacement cycle. Raising FY27 estimates; shares priced at 18.5% CAGR, highest in portfolio.
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