Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Research

Eyes turn to CMD

By Rauli JuvaAnalyst
Harvia
Download report (PDF)

Harvia’s Q1 result fell slightly short of our expectations, but mainly due to small delivery delays caused by the strikes. We made no substantial forecast changes for the coming years, but raised our medium-term assumptions slightly.

Harvia

30Target price
Sell
Changed from:Sell
Recommendation updated:06.05.2024

Harvia is a manufacturer of sauna systems. The product range consists of complete solutions that include ready-made sauna and spa facilities, as well as electric sauna heaters, wood-fired sauna stoves, and associated furnishings. In addition, the company manufactures infrared sauna systems. Harvia operates worldwide, and the company's products are found via partners. The company was founded in 1950 and is headquartered in Muurame.

Read more on company page

Key Estimate Figures06.05.2024

202324e25e
Revenue150.5160.9176.0
growth-%-12.7 %6.9 %9.4 %
EBIT (adj.)33.736.440.9
EBIT-% (adj.)22.4 %22.6 %23.2 %
EPS (adj.)1.281.411.63
Dividend0.680.720.80
Dividend %2.5 %1.4 %1.6 %
P/E (adj.)21.236.531.7
EV/EBITDA13.923.220.6
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team