Business description: Harvia Oyj

Harvia Oyj is a Finland-based sauna and spa company. Its product and service offering is divided into five groups: sauna heaters, sauna rooms, control units, steam generators and spare parts, services and other products. Heaters comprise products for small, family and commercial saunas. Sauna rooms include infrared and steam rooms. Other products are comprised of spa modules, digital control units and various sauna accessories suitable for different sauna and spa cultures. Additionally, the Company offers a range of interior solutions from panelling boards to speakers and lighting. Harvia Oyj operates in China, Estonia, Finland and Russia. Its primary markets consist of Finland, Germany, Russia, Sweden and the United States. Clients mainly consist of retailers and wholesale customers, who sell products to builders and end customers.

Number of employees: 761

Sales by Activity: Harvia Oyj

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Building Materials - HVAC Equipment

179M 172M 151M 175M 199M

Geographical breakdown of sales: Harvia Oyj

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

North America

29.13M 36.11M 43.45M 62.05M 75.78M

Continental Europe

- - - 52.69M 55.6M

Northern Europe

- - - 43.76M 46.56M

APAC & MEA

- - - 16.71M 20.97M

Other Countries

7.16M 10.38M 11.01M - -

Russia

11.55M 7.45M - - -

Other European Countries

49.67M 46.4M 41.02M - -

Germany

35.35M 26.11M 17.1M - -

Scandinavia

9.36M 9.53M 7.73M - -

Finland

36.9M 36.41M 30.24M - -

Executive Committee: Harvia Oyj

Manager TitleAgeSince
Chief Executive Officer 52 31/05/2023
Director of Finance/CFO 63 23/03/2014
Chief Operating Officer 51 31/12/2016
Chief Tech/Sci/R&D Officer 48 31/12/2015
Sales & Marketing - 31/08/2020

Composition of the Board of Directors: Harvia Oyj

Director TitleAgeSince
Chairman 69 23/03/2014
Director/Board Member 65 31/03/2021
Director/Board Member 49 31/12/2020
Director/Board Member 61 19/04/2023
Chairman 56 16/11/2025
Director/Board Member 64 -
Director/Board Member - 14/04/2026

Shareholders: Harvia Oyj

NameEquities%Valuation
Onvest Oy
4.433 %
828,689 4.433 % 35 M €
SEB Funds AB
4.343 %
811,853 4.343 % 34 M €
Evli Fund Management Co. Ltd.
4.223 %
789,546 4.223 % 33 M €
Nordea Investment Management AB
4.12 %
770,221 4.12 % 32 M €
BNP Paribas Asset Management Belgium SA
3.068 %
573,571 3.068 % 24 M €

Holdings: Harvia Oyj

NameEquities%Valuation
20,800 0.11% 866 180 $

Company details: Harvia Oyj

Harvia Oyj

Teollisuustie 1-7

40951, Muurame

+358 2074 64000

http://www.harvia.fi
address Harvia Oyj(HARVIA)

Group companies: Harvia Oyj

NameCategory and Sector
Miscellaneous
Miscellaneous

Heating, Ventilation & Air Conditioning Systems

Change 5d. change 1-year change 3-years change Capi.($)
-0.33%-0.65%-20.62%+62.82% 834M
-3.13%+0.09%+8.74%+166.64% 103B
-1.34%+2.55%+46.10%+130.89% 87.3B
-3.09%-3.23%-14.48%+50.75% 53.71B
-5.32%-1.11%+50.69%-11.98% 44.5B
-2.80%-4.08%-17.46%+74.41% 17.4B
-3.11%-4.15%-18.09%+20.42% 16.39B
-3.22%-2.99%+26.78%+122.16% 11.1B
+1.49%-1.44%+2.96%-63.10% 8.94B
-3.38%-4.42%-20.58%-17.97% 7.72B
Average -1.38%-1.53%+4.40%+53.50% 35.1B
Weighted average by Cap. -1.02%-0.05%+16.95%+94.41%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
38.40EUR
Average target price
47.50EUR
Spread / Average Target
+23.70%

Quarterly revenue - Rate of surprise