Eyes turn to CMD
By Rauli Juva
Harvia’s Q1 result fell slightly short of our expectations, but mainly due to small delivery delays caused by the strikes. We made no substantial forecast changes for the coming years, but raised our medium-term assumptions slightly.
Harvia
38.6
30
Sell
Sell
Harvia is a manufacturer of sauna systems. The product range consists of complete solutions that include ready-made sauna and spa facilities, as well as electric sauna heaters, wood-fired sauna stoves, and associated furnishings. In addition, the company manufactures infrared sauna systems. Harvia operates worldwide, and the company's products are found via partners. The company was founded in 1950 and is headquartered in Muurame.
Read more on company pageKey Estimate Figures2024-05-06
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 150.5 | 160.9 | 176.0 |
growth-% | -12.68 % | 6.89 % | 9.42 % |
EBIT (adj.) | 33.7 | 36.4 | 40.9 |
EBIT-% (adj.) | 22.41 % | 22.62 % | 23.24 % |
EPS (adj.) | 1.28 | 1.41 | 1.63 |
Dividend | 0.68 | 0.72 | 0.80 |
Dividend % | 2.50 % | 1.76 % | 1.95 % |
P/E (adj.) | 21.17 | 29.06 | 25.20 |
EV/EBITDA | 13.88 | 18.58 | 16.41 |
Forum discussions