Harvia Q4'24: Strong growth but margin disappointment

Harvia reported very strong Q4 growth but the EBIT margin was exceptionally low. Analyst Rauli Juva summarizes the result. We also discuss possible US tariffs and potential acquisitions. Rauli also shares his views on the outlook and valuation.

00:00 Intro
00:17 Q4 tops & flops
01:24 Possible effects of US tariffs on Harvia
04:07 Campaigns depressing margins
05:43 Possible acquisitions
07:10 Outlook
08:50 Valuation & recommendation

Read the latest research here: The profitability dip is likely to be temporary