• Forum
  • Premium
  • 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
    • FemmeBreaking barriers and building confidence in investing
  • Learn about investing
    • Analysis SchoolLearn how to read and understand stock analysis
    • Investing SchoolGuides and lessons to grow your investing knowledge
    • Portfolio buildersInvesting knowledge for every level, from first steps to advanced portfolio strategies.
    • 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
    • Insider TransactionsTrack buying and selling activity by company insiders
    • Virtual Analyst ChatAsk questions and get instant AI-powered investment insights
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
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.

Log in to your Inderes Free account to see all free content on this page.
Create account

Harvia

40.05 EUR+1.26 %13.7. klo 18.29
15,103 following

HARVIA

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview
Financials & Estimates
Ownership
Dividend
Investor consensus
Compare
+1.26 %
-0.99 %
+14.27 %
-7.40 %
-6.64 %
-19.50 %
+64.81 %
-23.42 %
+701.00 %

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
748.7M EUR
Turnover
896.06K EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Accumulate
Target price
Updated
07.05.2026
Disclaimer
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 just spoke with the company, and it might be useful to share here that the IT system overhaul and production break in Muurame have been successfully completed (this actually took place back in the spring). The company is sticking to the estimate given in the Q1 report that 3–5 ...
6/23/2026, 7:53 AM
by Rauli_Juva
114
The Americans are currently pulling all the capacity they can produce in three shifts, and apparently, even that isn’t enough. So, demand doesn’t seem to be an obstacle or a slowdown. Historically, Harvia has always been able to scale its operations up and down in a timely manner...
6/21/2026, 6:06 PM
by Maikki
45
Almanakka has written about Harvia once again Valuation: Harvia is valued at ~16x the next 12-month forward EBIT. In my opinion, this is closer to a buying level than a trimming level. If Harvia weren’t already the largest holding in my portfolio, I would certainly be adding at prices...
5/15/2026, 11:32 AM
by Sijoittaja-alokas
43
Small news for the present moment, but bigger news when considering long-term prospects. “The higher education institutions of Jyväskylä; the University of Jyväskylä and Jyväskylä University of Applied Sciences (Jamk), together with the Jyväskylä Educational Consortium Gradia, are...
6/9/2026, 4:01 PM
by xlat
37
Thanks for this information; at least for me, this has caused a bit of uncertainty regarding how such a massive overhaul can be pushed through. I’ve been monitoring the delivery time estimates for the USA on a semi-regular basis. When I noticed they had stretched back out to 2 months...
6/23/2026, 8:11 AM
by Umpimähkä
36
Pia and Rauli discussed Harvia in English Harvia’s Q1 earnings exceeded our estimates, but the estimate changes for the full year remained small. Q2 earnings will be weighed down by the shift of revenue to Q3. We expect Harvia to continue its strong earnings growth and value creation...
5/23/2026, 4:01 PM
by Sijoittaja-alokas
12
Shorting Harvia www.finanssivalvonta.fi Voimassa olevat lyhyet positiot
yesterday
by Dissidentti
10
Read more on our forum
Rauli Juva
Rauli Juva

Analyst

Latest research

Latest analysis report

Released: 08.05.2026

Latest extensive report

Released: 08.10.2025

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

Press release09.06.2026 klo 12.00

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

Harvia
Regulatory press release01.06.2026 klo 11.30

Harvia Plc: Managers' transactions - Castrén

Harvia
Regulatory press release01.06.2026 klo 11.30

Harvia Plc: Managers' transactions - Richter

Harvia

Join Inderes community

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

FREE account
Stock market's most popular morning newsletter
Analyst comments and recommendations
Stock comparison tool
PREMIUM account
All company reports and deep analyses
Premium tools: model portfolio, screener, insider transactions
Premium columns: Guest column, expert insights
Inderes MCP - Inderes data directly into your AI tools
Create account
Regulatory press release01.06.2026 klo 11.30

Harvia Plc: Managers' transactions - Liitola

Harvia
Regulatory press release01.06.2026 klo 11.30

Harvia Plc: Managers' transactions - Holmén

Harvia
Regulatory press release01.06.2026 klo 11.30

Harvia Plc: Managers' transactions - Von Stackelberg-Hammarén

Harvia
Regulatory press release01.06.2026 klo 11.30

Harvia Plc: Managers' transactions - Korhonen

Harvia
Regulatory press release29.05.2026 klo 09.00

CHANGES IN HARVIA PLC’S OWN SHARES

Harvia
Harvia's markets and market shares are growing
Analyst Comment27.05.2026 klo 09.11 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
Video22.05.2026 klo 11.33 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
Research08.05.2026 klo 08.59 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
Webcast07.05.2026 klo 11.00

Harvia Plc, Webcast, Q1'26

Harvia
Regulatory press release07.05.2026 klo 09.00

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 Comment05.05.2026 klo 08.43 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 release30.04.2026 klo 13.00

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 release15.04.2026 klo 15.00

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

Harvia
Regulatory press release15.04.2026 klo 14.00

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

Harvia
Harvia: Still against strong comparables in Q1
Research14.04.2026 klo 10.00 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 release02.04.2026 klo 13.00

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
Regulatory press release25.03.2026 klo 16.00

Harvia Plc: Managers' transactions - Anssi Pelkonen

Harvia