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Harvia

33.65 EUR

-0.15 %

14,967 following
Corporate customer

HARVIA

NASDAQ Helsinki

Home Products

Consumer Goods & Services

-0.15 %
-9.05 %
-21.56 %
-21.56 %
-2.60 %
-25.22 %
+53.51 %
+8.55 %
+573.00 %

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.

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Market cap
629.06M EUR
Turnover
827.44K EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Buy
Target price
Updated
13.02.2026
Disclaimer
Rauli Juva
Rauli Juva

Analyst

Latest research

Latest analysis report

Released: 13.02.2026

Latest extensive report

Released: 08.10.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
15.4.
2026

General meeting '26

16.4.
2026

Half year dividend

7.5.
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
I was browsing Harvia’s annual report released today, and it caught my eye that they kindly disclose the CEO’s annual bonus “personal targets” retrospectively, which account for 30% of the bonus, with EBIT determining 70%. Below are Matias’s focus areas from last year. Of these, ...
3/13/2026, 9:40 AM
by Rauli_Juva
84
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...
2/17/2026, 8:21 AM
by Musti
58
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.
2/17/2026, 9:29 AM
by Gazza
43
Generally, if you want more comments on an analysis, a good starting point is the latest comprehensive report. On this topic, you can find this excerpt: The mention of Harvia as a potential target has indeed been around for a long time, after the acquisitions of the mentioned competitors...
3/27/2026, 12:08 PM
by Rauli_Juva
40
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...
2/13/2026, 4:33 PM
by Sijoittaja-alokas
35
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...
3/4/2026, 9:37 AM
33
Bottas is promoting Harvia: https://x.com/valtteribottas/status/2028759435343278500?s=46&t=UOAR__YJT3hJUdqJ5kUU4A
3/3/2026, 12:31 PM
by H4nk3y
33
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