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33.65 EUR
P/E
23.61
EPS
1.40
Yield
2.23%
Safety Score
71
P/B
4.77
ROE
20.74
Beta
1.37
Target Price
44.50 EUR
Harvia Oyj logo

Harvia Oyj

🧾 Earnings Recap – Q3 2025

Harvia reported a robust 19% year-over-year revenue growth in Q3 2025, driven by broad-based performance across all geographic regions, while achieving an adjusted EBIT margin of 19%.

  • Revenue reached EUR 46 million, with organic growth at 16% and comparable growth at 22% due to favorable exchange rates.
  • Adjusted operating profit improved to EUR 8.8 million, maintaining a margin of 19%, despite challenges from increased costs and tariffs.
  • Significant investments are being made in operational efficiency and capacity expansion to support long-term growth.
  • North America rebounded with 24% growth following a modest Q2, now representing 36% of total revenue.
  • New leadership appointed for North America signaling commitment to further growth in a key market.
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Key Metrics
Earnings dateMay 5, 2026
P/E23.61
EPS1.40
Book Value6.92
Price to Book4.77
Debt/Equity78.84
% Insiders15.758%
Growth
Revenue Growth0.05%
Earnings Growth0.38%
Estimates
Forward P/E16.04
Forward EPS2.06
Target Mean Price44.50
Dividend
Dividend Yield2.23%
Annual dividends0.75 EUR
Ex-Div. DateOct. 16, 2026
Payout53.08%
5y avg Yield1.72%

DCF Valuation

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DCF Result

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Harvia Oyj Logo Harvia Oyj Analysis (HARVIA.HE)

Finland Consumer Discretionary Official Website Stock

Is Harvia Oyj a good investment? Harvia Oyj (HARVIA.HE) is currently trading at 33.65 EUR. Market analysts have a consensus price target of 44.50 EUR. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 23.61. This valuation is generally in line with the broader market.

Earnings Schedule: Harvia Oyj is expected to release its next earnings report on May 5, 2026. The market consensus estimate for Forward EPS is 2.06.

For income investors, Harvia Oyj pays a dividend yield of 2.23%. With a payout ratio of 53%, the dividend appears sustainable.

Investor FAQ

Does Harvia Oyj pay a dividend?

Yes, it pays an annual dividend of 0.75 EUR (2.23% yield).

What asset class is Harvia Oyj?

Harvia Oyj is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be May 5, 2026. The company currently has a trailing EPS of 1.40.

Company Profile

Harvia Oyj designs, manufactures, and markets a range of sauna products worldwide. The company provides sauna heaters and rooms, infrared and steam saunas, steam showers, spa components, Scandinavian hot tubs, control units, heater stones, and sauna accessories; and sauna interior solutions, such as sauna benches, audio speakers, and lighting solutions. It also offers sauna installations, maintenance, and repair services. The company serves residential and professional customers across home wellness, hospitality, and public spa segments primarily under the Harvia, EOS, Almost Heaven Saunas, Kirami, and ThermaSol brands. The company was founded in 1950 and is headquartered in Muurame, Finland.

Exchange Ticker
HEL (Finland) HARVIA.HE
Dividend Yield

2.23% (5y avg: 1.72%)

Annual Dividends

0.75 EUR

Next ex. div date

Oct. 16, 2026

Payout Ratio

53.08%

Historical Dividends
Year Total Dividends
2026 0.77 EUR
2025 0.75 EUR
2024 0.68 EUR
2023 0.64 EUR
2022 0.60 EUR
2021 0.39 EUR
2020 0.38 EUR
2019 0.37 EUR
2018 0.18 EUR

Yearly aggregated dividends

Dividends

Harvia Oyj
Oct 26, 2026 Upcoming
Dividend
0.38 EUR
Harvia Oyj
Apr 24, 2026 Upcoming
Dividend
0.39 EUR
Harvia Oyj
Oct 28, 2025 Paid
Dividend
0.37 EUR
Harvia Oyj
Apr 17, 2025 Paid
Dividend
0.38 EUR

Historical Split Corporate Actions

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