• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • 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.

Harvia

42.20 EUR+0.60 %30/7 10:05
15,107 following

HARVIA

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+0.60 %
+3.56 %
+18.71 %
+1.56 %
-1.63 %
-18.22 %
+76.27 %
-29.78 %
+744.00 %

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.

Read more
Market cap
788.9M EUR
Turnover
65.95K EUR
P/E (adj.) (26e)
24.41
EV/EBIT (adj.) (26e)
18.74
P/B (26e)
5.39
EV/S (26e)
3.79
Dividend yield-% (26e)
1.94 %
Coverage
Recommendation
Accumulate
Target price
44.00 EUR
Updated
2026-05-07
Disclaimer
Rauli Juva
Rauli Juva

Analyst

Latest research

Latest analysis report

Released: 2026-05-08

Latest extensive report

Released: 2025-10-08

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types

Forum discussions
I have been thinking about Harvia’s long-term prospects from an investor’s perspective (the company is by far the largest holding in my portfolio, so I find myself thinking about it even during these quieter times). Specifically, I’ve been reflecting on the reasons why the company...
7/20/2026, 6:43 PM
by xlat
35
Yle Uutiset – 17 Jul 26 Löylyyn vai lenkille? Molemmista saa samat hyödyt, kertoo uusi Jyväskylän... Saunan ilmankosteus vaikuttaa kehoon itsenäisesti lämpötilan lisäksi. The “opinion sauna” (academic debate) has been heated up once again at the university, with new positive results...
7/21/2026, 1:01 PM
by veronmaksaja
33
Here is a new study in which Harvia and the Research Institute for Olympic Sports (KIHU) collected data on the act of throwing water on sauna stones (löylynheitto), and the University of Jyväskylä published a report on the research. Throwing water on the stones is worthwhile; the...
7/13/2026, 6:55 PM
by xlat
17
Well, Japan is also a country with an emerging sauna culture, and perhaps Toyota sees the idea of investing in carbon-neutral sauna bathing alongside its hydrogen project. Knowledge is needed regarding the various applications of hydrogen for these matters. It’s a big deal for Harvia...
7/14/2026, 6:02 AM
by Kunhalvallasaa
15
The keyword is hydrogen. @exe linked to a story in this thread about the collaboration between Harvia and Toyota from last July: Sauna kuumaksi vedyllä – Harvia ja Toyota löivät hynttyyt yhteet ja kehittivät päästöttömän saunan | Kotimaa | Yle
7/13/2026, 7:18 PM
by Puunhalaaja
15
I’ve been thinking about a worst-case scenario (from my perspective) and I see a fairly significant risk with Harvia in a situation where a single quarterly report causes disappointment, the share price drops, which in turn alerts potential acquirers, leading someone to make a buyout...
7/27/2026, 8:08 AM
by xlat
11
You can find the full research paper at this link if you’re interested in reading it. It does indeed mention the funders at the end. https://www.tandfonline.com/doi/full/10.1080/23328940.2026.2698162#abstract Last June, an announcement was made regarding this hydrogen sauna concept...
7/13/2026, 7:25 PM
by Contrafun
11
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
6/8
2026

Interim report Q2'26

16/10
2026

Half year dividend

29/10
2026

Interim report Q3'26

Harvia Plc, Webcast, Q2'26
Webcast2026-08-06 10:00

Harvia Plc, Webcast, Q2'26

Harvia
Press release2026-06-09 11:00

Jyväskylä Universities and Gradia Join Forces with Harvia to Build a cutting-edge Ecosystem for Knowledge and Innovation

Harvia
Regulatory press release2026-06-01 10:30

Harvia Plc: Managers' transactions - Castrén

Harvia

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
Create account
Regulatory press release2026-06-01 10:30

Harvia Plc: Managers' transactions - Richter

Harvia
Regulatory press release2026-06-01 10:30

Harvia Plc: Managers' transactions - Liitola

Harvia
Regulatory press release2026-06-01 10:30

Harvia Plc: Managers' transactions - Holmén

Harvia
Regulatory press release2026-06-01 10:30

Harvia Plc: Managers' transactions - Von Stackelberg-Hammarén

Harvia
Regulatory press release2026-06-01 10:30

Harvia Plc: Managers' transactions - Korhonen

Harvia
Regulatory press release2026-05-29 08:00

CHANGES IN HARVIA PLC’S OWN SHARES

Harvia
Harvia's markets and market shares are growing
Analyst Comment2026-05-27 08:11 by
Rauli Juva

Harvia's markets and market shares are growing

We believe Harvia's target markets will continue to grow in the coming years, and the company will be able to continue gaining market share.

Harvia
Harvia Q1'26: A strong start to the year9:07
Video2026-05-22 10:33 by
Rauli Juva, Pia Maljanen

Harvia Q1'26: A strong start to the year

Harvia's Q1 earnings exceeded our estimates, but the estimate changes for the full year remained small.

Harvia
Harvia Q1'26: Strong start to the year, temporary weakness in Q2
Research2026-05-08 07:59 by
Rauli Juva

Harvia Q1'26: Strong start to the year, temporary weakness in Q2

We expect Harvia to continue its strong earnings growth and value creation in the coming years, which offers a good expected return.

Harvia
Harvia Plc, Webcast, Q1'26
Webcast2026-05-07 10:00

Harvia Plc, Webcast, Q1'26

Harvia
Regulatory press release2026-05-07 08:00

Harvia’s Interim report 1 January – 31 March 2026

Harvia
Harvia Q1'26 preview: We expect earnings to fall from the strong comparison period
Analyst Comment2026-05-05 07:43 by
Rauli Juva

Harvia Q1'26 preview: We expect earnings to fall from the strong comparison period

We forecast adjusted EBIT to decrease to 11.4 MEUR, mainly due to a strong comparison period.

Harvia
Press release2026-04-30 12:00

Harvia will publish its Interim Report for January−March 2026 on Thursday, 7 May 2026 at around 9:00 a.m. EEST

Harvia
Regulatory press release2026-04-15 14:00

Decisions of the Organisational Meeting of Harvia Plc’s Board of Directors on 15 April 2026

Harvia
Regulatory press release2026-04-15 13:00

Resolutions of Harvia Plc’s Annual General Meeting on 15 April 2026

Harvia
Harvia: Still against strong comparables in Q1
Research2026-04-14 09:00 by
Rauli Juva

Harvia: Still against strong comparables in Q1

We do not expect the war in Iran to have a significant impact on Harvia.

Harvia
Regulatory press release2026-04-02 12:00

The Board of Directors of Harvia Plc have decided on a new performance period for the Long-term Performance Share Plan for the key employees

Harvia