Harvia

42.25 EUR

+0.72 %

14,826 following

HARVIA

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview

Financials & Estimates

Investor consensus

+0.72 %

-1.52 %

+0.96 %

+16.55 %

-18.59 %

-5.90 %

+108.13 %

+80.56 %

+745.00 %

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

789.83M EUR

Turnover

7.44M EUR

P/E (adj.) (25e)

28.4

EV/EBIT (adj.) (25e)

20.92

P/B (25e)

5.8

EV/S (25e)

4.24

Dividend yield-% (25e)

2.01 %

Coverage

Recommendation

Reduce

Target price

43.00 EUR

Updated

2025-11-07

Analyst

Latest research

Latest analysis report

Released: 2025-11-07

Latest extensive report

Released: 2025-10-08

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

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account

Followings and notifications on followed companies

Analyst comments and recommendations

Stock comparison tool & other popular tools

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

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

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

yesterday

by Jussi_P

32

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

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

There are very few products for which a cheaper alternative doesn’t exist, yet companies manufacturing high-end gadgets still make a profit year after year. Thus, the mere knowledge that you can buy a sauna cheaply at Lidl in Germany doesn’t really faze me. I couldn’t read the full...

1/3/2026, 11:07 AM

18

Read more on our forum

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.