Harvia Oyj

HARVIA · HE · Consumer Cyclical / Leisure

41.40EUR+0.10 (+0.24%)

Price History

Full chart

Market Stats

Previous Close41.30

Open41.30

Day Range41.05 – 41.65

52-Week Range30.71 – 47.65

Volume9.13K

Market Cap795.26M

P/E (TTM)28.18

Forward P/E0.00

EPS1.51

Dividend Yield1.81%

Beta1.28

50-Day Avg43.53

200-Day Avg40.07

About

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. It also offers sauna installations, maintenance, and repair services. The company serves residential and professional customers across home wellness, hospitality, and public spa segments primarily under the Harvia, EOS, Almost Heaven Saunas, Kirami, and ThermaSol brands. The company was founded in 1950 and is headquartered in Muurame, Finland.

Company Details

SectorConsumer Cyclical
IndustryLeisure
CEOMr. Matias Jarnefelt
Employees806
HeadquartersTeollisuustie 1-7, Muurame, Finland, 40950, Finland
Websitehttps://harviagroup.com

Leadership

Mr. Matias JarnefeltChairman of the Management Board & CEO · b. 1974
Mr. Ari VesterinenCFO, Secretary & Member of Management Board · b. 1963
Mr. David AhonenHead of Region Asia-Pacific-MEA & Member of Management Board · b. 1966
Mr. Timo HarviaHead of Innovation & Technology and Member of the Management Board · b. 1978
Mr. Anssi PelkonenHead of Northern Europe Region & Member of Management Board · b. 1964
Mr. Mika SuojaHead of Operations & Member of Management Board · b. 1975
Ms. Paivi Juolahti M.Sc.Head of Marketing & Brands and Member of Management Board · b. 1976
Mr. Markus WormansederHead of Products and Solutions & Member of Management Board · b. 1974
Mr. Philipp KrauthMD of EOS, Head of EOS Brands & Products and Member of Management Team · b. 1967
Mr. Ivan SabatoHead of Region & Continental Europe and Member of Management Board · b. 1989

Financials

Income Statement

Currency: EUR	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	46.41M	50.09M	60.11M	61.94M	74.09M	109.11M	179.12M	172.41M	150.55M	175.21M	198.90M
Growth (%)	-	+7.94%	+19.99%	+3.05%	+19.62%	+47.26%	+64.16%	-3.75%	-12.68%	+16.38%	+13.52%
Cost of Revenue	17.95M	20.75M	24.97M	25.85M	29.44M	42.03M	70.11M	70.15M	56.10M	62.60M	71.23M
Gross Profit	28.46M	29.34M	35.14M	36.09M	44.66M	67.08M	109.01M	102.26M	94.45M	112.60M	127.67M
Gross Margin	61.32%	58.57%	58.45%	58.26%	60.27%	61.48%	60.86%	59.31%	62.74%	64.27%	64.19%
Operating Expense	17.82M	19.64M	25.87M	26.71M	31.33M	44.70M	62.36M	67.58M	61.40M	77.12M	89.37M
Operating Income	10.64M	9.70M	9.26M	9.38M	13.32M	22.38M	46.64M	34.68M	33.04M	35.49M	38.30M
Operating Margin	22.92%	19.36%	15.41%	15.14%	17.98%	20.51%	26.04%	20.11%	21.95%	20.25%	19.26%
EBITDA	12.26M	11.36M	11.20M	11.48M	15.93M	25.68M	51.81M	44.88M	38.53M	42.26M	46.31M
EBITDA Margin	26.42%	22.68%	18.63%	18.54%	21.50%	23.54%	28.93%	26.03%	25.59%	24.12%	23.29%
Net Income	3.80M	3.31M	2.91M	6.78M	9.60M	15.47M	33.67M	27.08M	23.27M	24.24M	26.44M
Net Income Margin	8.19%	6.62%	4.85%	10.95%	12.95%	14.18%	18.80%	15.71%	15.46%	13.84%	13.29%
R&D	-	-	1.16M	1.36M	1.50M	1.65M	2.68M	2.25M	2.24M	2.36M	2.79M
R&D as % of Total Revenue	-	-	1.94%	2.20%	2.02%	1.51%	1.49%	1.30%	1.49%	1.35%	1.40%
Interest Expense	5.15M	4.94M	5.37M	2.72M	1.51M	2.51M	2.60M	2.04M	3.39M	4.27M	5.68M
Interest Expense % of Total Revenue	11.11%	9.86%	8.93%	4.38%	2.04%	2.30%	1.45%	1.18%	2.25%	2.43%	2.86%

Balance Sheet

Currency: EUR	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	101.55M	100.32M	108.93M	113.99M	116.94M	121.83M	165.63M	201.49M	208.80M	214.26M	264.51M	271.28M
Total Liabilities	92.55M	87.14M	92.06M	94.72M	51.12M	52.99M	96.77M	117.34M	110.45M	105.61M	140.43M	140.74M
Total Equity	9.00M	13.17M	16.87M	19.28M	65.82M	68.84M	66.44M	80.55M	97.27M	107.58M	122.84M	129.40M
Cash	7.31M	6.88M	6.57M	8.35M	8.27M	10.88M	27.32M	15.49M	25.31M	40.58M	46.45M	45.18M
Total Debt	84.95M	79.25M	81.02M	81.33M	38.53M	39.18M	59.21M	59.30M	79.84M	78.15M	103.66M	102.91M
Net Debt	77.64M	72.37M	74.45M	72.98M	30.26M	28.30M	31.89M	43.82M	54.53M	37.57M	57.22M	57.73M

Cash Flow

Currency: EUR	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	10.44M	9.95M	8.03M	8.82M	15.07M	28.08M	21.82M	24.34M	39.14M	31.67M	34.96M
Investing Cash Flow	-485.00K	-5.36M	-1.17M	-1.60M	-1.77M	-20.60M	-19.22M	-3.44M	-5.83M	-30.05M	-14.56M
Financing Cash Flow	-10.49M	-5.01M	-4.88M	-7.30M	-10.78M	8.91M	-14.71M	-11.30M	-17.59M	3.71M	-20.43M
Capital Expenditure	711.00K	1.00M	1.20M	1.62M	1.81M	2.57M	11.76M	3.59M	3.12M	6.15M	14.77M
Free Cash Flow	9.73M	8.95M	6.83M	7.20M	13.27M	25.51M	10.05M	20.75M	36.02M	25.52M	20.19M
Dividends Paid	3.37M	3.37M	3.37M	3.37M	6.92M	7.10M	9.52M	11.20M	11.96M	12.71M	14.02M
FCF to OCF	93.19%	89.93%	85.10%	81.67%	88.01%	90.86%	46.09%	85.26%	92.02%	80.58%	57.75%
Dividend Paid to FCF	34.59%	37.60%	49.25%	46.72%	52.14%	27.84%	94.65%	53.98%	33.20%	49.80%	69.44%

Earnings

Report Date	May 16, 2018	Aug 16, 2018	Nov 14, 2018	Feb 14, 2019	May 7, 2019	Aug 16, 2019	Nov 8, 2019	Feb 11, 2020	Apr 28, 2020	Aug 13, 2020	Nov 5, 2020	Feb 11, 2021	May 5, 2021	Aug 12, 2021	Nov 4, 2021	Feb 10, 2022	May 5, 2022	Aug 11, 2022	Nov 3, 2022	Feb 9, 2023	May 4, 2023	Aug 10, 2023	Nov 2, 2023	Feb 8, 2024	May 3, 2024	Aug 8, 2024	Nov 7, 2024	Feb 13, 2025	May 7, 2025	Aug 7, 2025	Nov 6, 2025	Feb 12, 2026	May 7, 2026	Aug 6, 2026	Oct 29, 2026
EPS Estimate	-	0.09	0.10	0.02	0.13	0.14	0.10	0.14	0.14	0.22	0.19	0.24	0.33	0.54	0.40	0.47	0.50	0.33	0.33	0.30	0.31	0.32	0.27	0.31	0.39	0.34	0.30	0.40	0.43	0.42	0.30	0.44	0.45	0.31	0.47
EPS Actual	0.15	0.09	0.09	0.11	0.14	0.11	0.12	0.17	0.17	0.21	0.22	0.31	0.44	0.50	0.45	0.43	0.49	0.40	0.35	0.27	0.33	0.29	0.24	0.39	0.41	0.33	0.32	0.30	0.45	0.26	0.33	0.41	0.50	0.30	-
Surprise	-	0.00%	-10.00%	450.00%	7.69%	-21.43%	20.00%	21.43%	21.43%	-4.55%	15.79%	29.17%	33.33%	-7.41%	12.50%	-8.51%	-2.00%	21.21%	6.06%	-10.00%	6.45%	-9.38%	-11.11%	25.81%	5.13%	-2.94%	6.67%	-25.00%	4.65%	-38.10%	10.00%	-6.82%	11.11%	-3.23%	-
Timing	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours

Key Statistics & Ratios

Market Cap795.26M

Enterprise Value883.30M

Trailing P/E28.18

Forward P/E0.00

Price / Sales3.77

Price / Book6.24

EPS1.51

Book Value7.08

Revenue (TTM)210.74M

Gross Profit (TTM)132.18M

EBITDA46.39M

Profit Margin13.54%

Operating Margin16.19%

Return on Equity22.89%

Return on Assets9.19%

Shares Outstanding18.69M

Shares Float15.14M

Beta1.28

Dividend Yield1.81%

Dividend Rate0.77

Payout Ratio49.35%

Dividends

20262×

0.38Oct 16, 20260.39Apr 16, 2026

20252×

0.37Oct 20, 20250.38Apr 9, 2025

20242×

0.34Oct 18, 20240.34Apr 29, 2024

20232×

0.32Oct 20, 20230.32Apr 21, 2023

20222×

0.30Oct 17, 20220.30Apr 8, 2022

20212×

0.19Oct 18, 20210.20Apr 9, 2021

20202×

0.19Oct 19, 20200.19Apr 3, 2020

20192×

0.19Oct 18, 20190.18Apr 5, 2019

20181×

0.18Oct 11, 2018