contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


modelportefolje-vi-vender-tilbage-til-saunaen

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Juha Kinnunen

Atte Riikola

Rauli Juva

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.

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 400 shares

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 a light and feel-good piece that I’d recommend reading, even if it doesn’t necessarily break any ground in terms of informational content. Highlights that might interest forum members the most:  Over 600 public saunas available in the UK Since 2018, the number of saunas has nearly doubled every year (-British Sauna Society) Saunas were previously perceived as luxury items found only in connection with spas. Now they are starting to move towards leisure centers, swimming pools, and beaches. They are becoming more familiar to the wider public. The piece mainly covers public saunas; they often seem to be combined with swimming opportunities, and the “cold plunge” is also a thing for the Brits. £10 / person / 1h of sauna isn’t a bad price at all by their standards. Emphasis on health benefits, endorphins, and socializing. Finland mentioned, though in the context of Scandinavia.

Bottas is promoting Harvia: https://x.com/valtteribottas/status/2028759435343278500?s=46&t=UOAR__YJT3hJUdqJ5kUU4A

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.

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 a strong return on capital. We believe the growth supports an annual return expectation of over 15% for the coming years. After the trade, the Model Portfolio’s cash weight fell to a fairly low 8.5%, and thus opportunities for new acquisitions are now limited.  The previous Harvia shares from the model portfolio were sold almost exactly 2 years ago (13.2.2024) when the share was hovering around €31-32.

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, the most positive surprise of the quarter was found in the domestic markets as Northern Europe returned to strong growth, while at the same time North America appeared more subdued, at least on the surface. After a 10% correction, the company is still at 18x the trailing 12-month operating profit.                   Sijoitustieto.fi              Harvia Q4/25: Saunominen palaa kotiin    Minä ja muut Google Trendsin tuijottelijat saivat odotuksensa nousemaan turhan korkealle ennen neljättä neljännestä. Se ei missään nimessä sujunut huonosti, mutta tällainen arvostus ei kestä pieniäkään pettymyksiä. Hieman yllättäen neljänneksen...

Agreed, and just to add, yesterday’s interview was exceptionally convincing in that even all the old figures came from memory without hesitation. It almost brings Rain Man to mind, in a good way.  PS. Been along for the Harvia journey for almost 8 years now.

Harvia

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


Automatisk overs&#xe6;ttelse: Oprindeligt udgivet p&#xe5; finsk 17.2.2026, 08.04 GMT. Giv feedback <a href="https://forum.inderes.com/t/inderes-fi-sisallon-kehitysideat/71/?tl=da">her</a>.Vi k&#xf8;bte Harvia-aktier til modelportef&#xf8;ljen med en v&#xe6;gt p&#xe5; 6 %. Vi mener, at Harvia har st&#xe6;rke konkurrencefordele og v&#xe6;kstforventninger samt er i stand til at levere et st&#xe6;rkt kapitalafkast. Vi forventer, at v&#xe6;ksten vil underst&#xf8;tte et &#xe5;rligt afkast p&#xe5; over 15 % i de kommende &#xe5;r. Efter handlen faldt modelportef&#xf8;ljens kontantbeholdning til et ret lavt niveau p&#xe5; 8,5 %, og mulighederne for nye opk&#xf8;b er derfor begr&#xe6;nsede.

	2025	26e	27e
Revenue	198.9	219.6	242.6
growth-%	13.5 %	10.4 %	10.5 %
EBIT (adj.)	39.1	44.7	51.8
EBIT-% (adj.)	19.7 %	20.3 %	21.3 %
EPS (adj.)	1.46	1.72	2.03
Dividend	0.77	0.82	1.00
Dividend %	1.8 %	2.3 %	2.8 %
P/E (adj.)	29.4	20.9	17.7
EV/EBITDA	18.7	13.9	11.8

Modelportefølje: Vi vender tilbage til saunaen

Key Estimate Figures13.02

Forum discussions