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Harvia

31.80 EUR

-3.20 %

14,956 following
Corporate customer

HARVIA

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-3.20 %
-14.05 %
-25.87 %
-24.01 %
-6.33 %
-31.54 %
+48.88 %
+10.42 %
+536.00 %

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
594.48M EUR
Turnover
886.07K EUR
P/E (adj.) (26e)
18.54
EV/EBIT (adj.) (26e)
14.51
P/B (26e)
4.07
EV/S (26e)
2.95
Dividend yield-% (26e)
2.58 %
Coverage
Recommendation
Buy
Target price
44.00 EUR
Updated
13.02.2026
Disclaimer
Rauli Juva
Rauli Juva

Analyst

Latest research

Latest analysis report

Released: 13.02.2026

Latest extensive report

Released: 08.10.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
15.4
2026

General meeting '26

16.4
2026

Half year dividend

7.5
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types
Regulatory press release3/25/2026, 2:00 PM

Harvia Plc: Managers' transactions - Anssi Pelkonen

Harvia
Regulatory press release3/25/2026, 2:00 PM

Harvia Plc: Managers' transactions - Markus Wörmanseder

Harvia
Regulatory press release3/25/2026, 2:00 PM

Harvia Plc: Managers' transactions - Mika Suoja

Harvia

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Regulatory press release3/25/2026, 2:00 PM

Harvia Plc: Managers' transactions - Timo Harvia

Harvia
Regulatory press release3/25/2026, 2:00 PM

Harvia Plc: Managers' transactions - David Ahonen

Harvia
Regulatory press release3/25/2026, 2:00 PM

Harvia Plc: Managers' transactions - Ari Vesterinen

Harvia
Regulatory press release3/25/2026, 2:00 PM

Harvia Plc: Managers' transactions - Matias Järnefelt

Harvia
Regulatory press release3/25/2026, 2:00 PM

Harvia Plc: Managers' transactions - Päivi Juolahti

Harvia
Regulatory press release3/24/2026, 7:00 AM

TRANSFER OF HARVIA’S OWN SHARES AS REWARDS UNDER INCENTIVE PROGRAM

Harvia
Regulatory press release3/13/2026, 8:00 AM

Notice to the Annual General Meeting of Harvia Plc

Harvia
Regulatory press release3/13/2026, 7:00 AM

Harvia Plc’s annual reporting package 2025 published

Harvia
Regulatory press release3/4/2026, 4:00 PM

Harvia Plc: Managers' transactions - Petri Castrén

Harvia
Harvia Q4’25: Hot expectations11:42
Video2/24/2026, 8:48 AM by
Rauli Juva, Isa Hudd

Harvia Q4’25: Hot expectations

We believe that Harvia will continue on its path of strong, profitable growth and clear value creation.

Harvia
Regulatory press release2/23/2026, 10:00 AM

Harvia completed repurchase of own shares

Harvia
Regulatory press release2/20/2026, 5:00 PM

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

Harvia
Regulatory press release2/19/2026, 6:00 PM

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

Harvia
Regulatory press release2/18/2026, 8:00 AM

Harvia starts repurchasing own shares for its incentive plan

Harvia
Modelportefølje: Vi vender tilbage til saunaen
Research2/17/2026, 8:04 AM by
Juha Kinnunen, Atte Riikola, Rauli Juva

Modelportefølje: Vi vender tilbage til saunaen

Vi købte Harvia-aktier til Modelporteføljen med en vægt på 6 %.

Harvia
Harvia Q4'25: Valuation cooled, but growth outlook remains hot
Research2/13/2026, 8:54 AM by
Rauli Juva

Harvia Q4'25: Valuation cooled, but growth outlook remains hot

While Harvia's Q4 result fell short of our expectations, we believe that the company will continue on its path of strong profitable growth and clear value creation.

Harvia
Harvia Plc, Webcast, Q4'25
Webcast2/12/2026, 9:00 AM

Harvia Plc, Webcast, Q4'25

Harvia
Forum discussions
I was browsing Harvia’s annual report released today, and it caught my eye that they kindly disclose the CEO’s annual bonus “personal targets” retrospectively, which account for 30% of the bonus, with EBIT determining 70%. Below are Matias’s focus areas from last year. Of these, ...
3/13/2026, 9:40 AM
by Rauli_Juva
83
Inderes Mallisalkku: Palaamme takaisin löylyihin - Inderes Ostimme Harvian osakkeita Mallisalkkuun 6 %:n painolla. We bought Harvia shares for the Model Portfolio with a 6% weight. In our view, Harvia possesses strong competitive advantages and growth prospects, and is capable of...
2/17/2026, 8:21 AM
by Musti
58
It is better for the model portfolio to admit a mistake regarding the previous sale and return now that the share price has fallen without any solid justification. Harvia fits the model portfolio perfectly as a long-term investment.
2/17/2026, 9:29 AM
by Gazza
43
Generally, if you want more comments on an analysis, a good starting point is the latest comprehensive report. On this topic, you can find this excerpt: The mention of Harvia as a potential target has indeed been around for a long time, after the acquisitions of the mentioned competitors...
3/27/2026, 12:08 PM
by Rauli_Juva
36
Almanakka has written about Harvia following the Q4 results I and other Google Trends watchers let our expectations get a bit too high ahead of the fourth quarter. It definitely didn’t go poorly, but a valuation like this cannot withstand even minor disappointments. Somewhat surprisingly...
2/13/2026, 4:33 PM
by Sijoittaja-alokas
35
Spotted on the BBC: bbc.com Why sauna culture is hotting up across the South of England With over 600 saunas across the UK, users and experts explain why heat is good for your health The article discusses saunas in general and their development in Southern England. I thought it was...
3/4/2026, 9:37 AM
33
Bottas is promoting Harvia: https://x.com/valtteribottas/status/2028759435343278500?s=46&t=UOAR__YJT3hJUdqJ5kUU4A
3/3/2026, 12:31 PM
by H4nk3y
33
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