Added to YB: 2026-07-30
Pitch date: 2026-07-27
HARVIA.HE [bullish]
Harvia Oyj
-0.47%
current return
Author Info
The Compounding Tortoise is an investment research newsletter that focuses on high-quality companies and applying a practical framework to long-term shareholder value compounding. Sign up for the newsletter.
Company Info
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.
Market Cap
EUR 787.7M
Pitch Price
EUR 42.15
Price Target
N/A
Dividend
1.83%
EV/EBITDA
17.87
P/E
29.07
EV/Sales
4.08
Sector
Leisure Products
Category
growth
Q1 2026 - Harvia
HARVIA.HE (earnings): Q1 2026 sauna leader; constant-FX organic growth 18.3% (>20% ex-ThermaSol), US +21%, EBIT +16%. Record sales, 45% organic ROIIC. Margin trough passed; growth spend front-loaded (Q2 soft on IT upgrade, Q3 rebound). Trades 18x FY26/15x FY27 NOPAT, 16.5% after-tax IRR. Consensus too conservative on long-term accretion. STRONG BUY, exit multiple raised 20x→22x.
Read full article (9 min)