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Harvia

37.15 EUR

+3.63 %

15,020 following
Corporate customer

HARVIA

NASDAQ Helsinki

Home Products

Consumer Goods & Services

+3.63 %
+5.24 %
-14.00 %
-13.40 %
+5.84 %
-4.62 %
+66.59 %
+10.40 %
+643.00 %

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
694.49M EUR
Turnover
1.14M EUR
P/E (adj.) (26e)
21.97
EV/EBIT (adj.) (26e)
16.98
P/B (26e)
4.77
EV/S (26e)
3.43
Dividend yield-% (26e)
2.21 %
Coverage
Recommendation
Buy
Target price
44.00 EUR
Updated
14.04.2026
Disclaimer
Rauli Juva
Rauli Juva

Analyst

Latest research

Latest analysis report

Released: 14.04.2026

Latest extensive report

Released: 08.10.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
7.5
2026

Interim report Q1'26

6.8
2026

Interim report Q2'26

16.10
2026

Half year dividend

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
Greetings to the Harvia forum (Haarumi), today I visited Harvia’s AGM and thought I’d write a short review of what we took away from the meeting. Right off the bat, I’ll say these are my own interpretations based on what I heard and my own train of thought. My thoughts don’t always...
4/15/2026, 6:56 PM
by Tyhjätasku
150
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
86
I also attended the Annual General Meeting in person, as it was conveniently located next to the office in Ruoholahti. There was a pretty comprehensive overview above. Nothing much new for me, perhaps the only nuance worth mentioning was Matias’s offhand comment about the goal to...
yesterday
by Rauli_Juva
68
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
45
Inderes Harvia Oyj: Johtohenkilöiden liiketoimet - Petri Castrén - Inderes HARVIA OYJ PÖRSSITIEDOTE 4.3.2026 KLO 18.00 Harvia Oyj - Johdon liiketoimet ____________________________________________ Ilmoitusvelvollinen Nimi: Petri Castrén Asema: Hallituksen jäsen/varaj... Purchase of...
3/4/2026, 4:38 PM
by Montau
30
Rauli has prepared a new company report on Harvia. We do not expect the war in Iran to have a significant impact on Harvia. However, we predict that the Q1 result will be slightly lower than last year due to strong comparable figures. We expect Harvia to continue its strong growth...
4/14/2026, 5:45 AM
by Sijoittaja-alokas
28
Here’s a Yle article about how, according to The Guardian, Britain could become the leading sauna market by 2033. Perhaps if Britain really gets into saunas, Harvia might benefit from it too. In Finland, there are an estimated three million saunas. Matias Järnefelt, CEO of the Finnish...
4/7/2026, 5:47 AM
by Sijoittaja-alokas
23
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