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Harvia

41.80 EUR

+0.48 %

14,836 following

HARVIA

NASDAQ Helsinki

Home Products

Consumer Goods & Services

+0.48 %
+13.13 %
+11.32 %
-13.90 %
-2.45 %
-5.00 %
+111.11 %
+103.90 %
+736.00 %

Harvia is a manufacturer of sauna systems. The product range consists of complete solutions that include ready-made sauna and spa systems, as well as electric sauna heaters, wood-burning sauna stoves and related furnishings. In addition, the company manufactures infrared sauna systems. Operations are held on a global level, where the company's products are found through partners. The company was founded in 1950 and has its headquarters in Muurame.

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Market cap
781.42M EUR
Turnover
593.75K EUR
P/E (adj.) (25e)
28.1
EV/EBIT (adj.) (25e)
20.72
P/B (25e)
5.74
EV/S (25e)
4.2
Dividend yield-% (25e)
2.03 %
Coverage
Recommendation
Reduce
Target price
43.00 EUR
Updated
07.11.2025
Disclaimer
Rauli Juva
Rauli Juva

Analyst

Latest research

Latest analysis report

Released: 07.11.2025

Latest extensive report

Released: 08.10.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
12.2
2026

Annual report '25

15.4
2026

General meeting '26

7.5
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Harvia Extensive Report: Leader in a growing market
Extensive research by
Rauli Juva

Harvia Extensive Report: Leader in a growing market

Harvia is a leading company in its field, boasting clear competitive advantages and strong growth potential. All of this enables good earnings growth and ROIC, as well as value creation, in addition to which the company's capital allocation to acquisitions has been successful.

Harvia
Forum discussions
Continuation of the series “celebrities enjoying Harvia products”: This will likely have a very moderate impact on the share price
11/22/2025, 1:15 PM
28
I follow Almost Heaven’s online store from time to time; it seems that delivery times have stretched during the autumn from about 3 weeks in the summer to the current two months. Based on that, one could assume sales have been good if there haven’t been any major bottlenecks in production...
yesterday
by Umpimähkä
23
Well, there hasn’t been a separate announcement about it, and probably won’t be, but it has been mentioned several times in connection with the results. Last year, land was purchased and this year construction is already underway. It is also mentioned in the Q3 report.
11/14/2025, 1:45 PM
by Rauli_Juva
20
Updated view.
yesterday
by KuHa
13
It’s a pity that Mr. Olbrich had to step down from the position after a rather short (1.5-year) chairmanship. But Harvia will surely do well under someone else’s leadership too. The change seems to stem from Olbrich’s own reasons, so it’s unlikely to have much of an impact on the...
11/18/2025, 8:34 AM
by Rauli_Juva
13
I noticed a video on Cboys’ Youtube channel showcasing the group’s facilities, and in the backyard, a barrel sauna that has seen some life, with a Harvia stove, can be seen. The sauna is introduced with the words: “Actually a kind of piece of shit.” Not exactly Christian Ronaldo ...
11/11/2025, 9:36 AM
by Nigel Manse
9
At one point, I didn’t invest in tires because Hille Korhonen was the CEO. And when I heard information from someone who worked there, I apparently made the right decision. The role of board work is, of course, different. Is there any information and/or insight here regarding Hille...
11/17/2025, 7:20 PM
by Yksityinen sijoittaja
7
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