Harvia

41.85 EUR

-0.36 %

14,826 following

HARVIA

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview

Financials & Estimates

Investor consensus

-0.36 %

-2.45 %

0.00 %

+15.29 %

-19.36 %

-7.72 %

+108.21 %

+75.10 %

+737.00 %

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.

Market cap

782.35M EUR

Turnover

184.73K EUR

P/E (adj.) (25e)

28.14

EV/EBIT (adj.) (25e)

20.74

P/B (25e)

5.75

EV/S (25e)

4.2

Dividend yield-% (25e)

2.03 %

Coverage

Recommendation

Reduce

Target price

43.00 EUR

Updated

07.11.2025

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

All

Research

Webcasts

Press releases

ShowingAll content types

Harvia Plc, Webcast, Q4'25

Webcast2/12/2026, 9:00 AM

Harvia Plc, Webcast, Q4'25

Regulatory press release1/20/2026, 12:00 PM

Harvia Plc: Disclosure under chapter 9, section 10 of the securities market act

Regulatory press release11/17/2025, 5:00 PM

Harvia’s Chair of the Board of Directors changes: Catharina Stackelberg-Hammarén elected as the new Chair

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Press release11/11/2025, 8:31 AM

Harvia and Dr. Emilia Vuorisalmi launch brand ambassador and content partnership in North America

Harvia Q3'25: Broad-based growth

Research11/7/2025, 8:32 AM by

Harvia Q3'25: Broad-based growth

However, the estimates changes for the coming years remained moderate, and with the price rally, we again consider the valuation high.

Harvia Plc, Webcast, Q3'25

Webcast11/6/2025, 9:00 AM

Harvia Plc, Webcast, Q3'25

Regulatory press release11/6/2025, 7:00 AM

Harvia’s Interim report 1 January – 30 September 2025

Harvia Q3'25 preview: We expect US growth to continue, but earnings to fall

Analyst Comment11/4/2025, 7:23 AM by

Harvia Q3'25 preview: We expect US growth to continue, but earnings to fall

We expect Harvia's organic revenue growth to have accelerated from Q2 levels, but earnings to remain below the comparison period in the seasonally weakest quarter.

Press release11/3/2025, 11:00 AM

Modular Finance IR Consensus: Harvia – Consensus estimates Q3 2025

Press release10/30/2025, 12:00 PM

Harvia will publish its Interim report for January–September 2025 on Thursday, 6 November 2025 at around 9:00 a.m. EET

Regulatory press release10/27/2025, 2:00 PM

Change in Harvia’s Management Team: Nathan Hagemeier appointed as Head of Region, North America and President of Harvia US Inc.

Regulatory press release10/17/2025, 10:00 AM

Harvia Plc distributes a dividend of EUR 0.37 per share

Harvia: A fairly priced market leader

15:44

Video10/14/2025, 12:21 PM by

Rauli Juva, Isa Hudd

Harvia: A fairly priced market leader

An extensive research report on Harvia has now been published! In this interview, analyst Rauli Juva summarizes the report.

Harvia Extensive Report: Leader in a growing market

Extensive research10/8/2025, 4:30 AM by

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.

Regulatory press release9/18/2025, 5:30 PM

Harvia Plc: Managers' transactions - Heiner Olbrich

Press release9/16/2025, 7:00 AM

Harvia Introduces Fenix and updated smart sauna app – Intuitive Sauna Control for a Connected Future

Regulatory press release9/8/2025, 11:30 AM

Composition of the shareholders’ nomination board of Harvia Plc

Harvia Q2’25: US a disappointment

9:02

Video8/15/2025, 7:51 AM by

Rauli Juva, Pia Maljanen

Harvia Q2’25: US a disappointment

Harvia's Q2 figures fell short of expectations, and the result also declined year-on-year, as strong growth in the US slowed down, at least temporarily.

Regulatory press release8/8/2025, 1:00 PM

Harvia Plc: Disclosure under chapter 9, section 10 of the securities market act

Harvia Q2'25: Growth slowed in the US

Research8/8/2025, 7:51 AM by

Harvia Q2'25: Growth slowed in the US

Harvia's Q2 figures fell short of expectations, and its result also declined year-on-year, as strong growth in the US slowed down, at least temporarily.

Forum discussions

Almanakka selected Harvia as this year’s winning stock. Sijoitustieto.fi Sijoitusgurujen osakevalinnat vuodelle 2026 Sijoitustieto kysyi vuoden 2025 lopussa tunnetuilta sijoittajilta voittajaosaketta Helsingin pörssistä vuodelle 2026. Näkemyksensä antoivat tällä kertaa Aki Pyysing...

1/14/2026, 6:57 PM

41

The development of search volumes for Almost Heaven Saunas and Harvia looks quite wild according to Google Trends. Looks promising😁

1/4/2026, 10:33 AM

by Gnorts mr Alien

40

It did. From what I glanced at those numbers myself, they look to be in the right direction. However, for the 2018 P/E, you have picked the P/E according to the reported EPS, when otherwise you use (quite reasonably) adjusted ones. The adjusted P/E in the initiation of coverage report...

12/11/2025, 7:04 AM

by Rauli_Juva

40

As I see it, nothing particularly unusual has happened with the dollar exchange rate lately. It has certainly weakened compared to the comparison period, which is reflected in the figures reported in euros. Furthermore, the company itself stated that regarding sauna heaters exported...

1/2/2026, 3:41 PM

by Rauli_Juva

35

Yle Uutiset – 23 Dec 25 Britit hullaantuivat saunasta – ongelmia aiheuttavat vain nakuilu ja hiljaisuus Yleisten saunojen määrä on kasvanut Britanniassa 200:sta yli 500:aan vuoden sisällä. Erityisen suosittua on kylpemiseen liittyvä ”kontrastiterapia”. Indeed.. There is still plenty...

12/23/2025, 8:59 AM

by Cezeta

32

The most important amenities of New York luxury apartments according to a Serhant agent. “Cold plunges and saunas”

18 hours ago

by Jussi_P

30

These don’t have an impact on the investment case, but it’s nice to follow along over coffee. That was already a significant addition. Harvia Plc Shareholders - Harvia Plc Here you find information about Harvia's shareholders. 41 Proprius Partners Oy 65,000 15,000 0.35 23.12.2025

1/3/2026, 1:23 PM

by Svenanders757

18

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