Value Creators: Harvia

Translation: Original published in Finnish on 10/7/2024 at 3:41 pm EEST.

In the Value Creators concept, we highlight companies that have created substantial shareholder value. The reports do not include forecasts; they are based solely on historical data and key figures derived from it.

We evaluate companies based on the following indicators:  

• Revenue development
• Operating profit development and profitability (%)
• Return on capital (%)
• Cash flow generated from operations
• Share price development and historical valuations  
• Data is primarily sourced from Bloomberg

We look at the long-term development and all figures are presented with the time series 2014-2023. The reports do not constitute investment recommendations.

In this report we focus on Harvia, the world's leading sauna and spa company. Harvia's product range includes mainly traditional heaters and complete saunas. Harvia has clear competitive advantages that enable it to generate a good return on capital and value creation, and the company's capital allocation has been successful.