Harvia Nominated for the European Small and Mid-Cap Awards 2020

News | 6 November 2020
Harvia has reached the shortlist of the ‘Star of 2020’ category at the annual European Small and Mid-Cap Awards which will be held virtually on 16 November during the European Commission’s SME Assembly.  The nomination is based on Harvia's exceptional performance and standing out from the crowd in a broad range of areas.

Harvia is honored to be considered for this award which in particular recognizes our growth potential following our IPO.

The Awards, launched in 2013, were established by the European Commission to recognize some of Europe’s smaller listed companies. European Issuers, who represent listed companies and the Federation of European Securities Exchanges (FESE) who represent the stock exchanges are the co-organizers of the event.

Harvia was shortlisted from some 20 nominations from 10 countries, listed on different European stock exchanges.

The winner is decided by an independent, high-level jury, moderated by the European Commission, consisting of representatives from academia, asset management, brokerage, and the media.

“Supporting small and medium enterprises and equity financing are essential to fuel Europe’s economy. This acquires even greater importance in light of the current crisis triggered by the COVID-19 crisis. Despite the crisis, Harvia performed outstandingly regarding the share price and growth. The company largely benefited from growing following their IPO and thus it holds an important growth potential for the upcoming years.” says Florence Bindelle, the Secretary General of EuropeanIssuers. 

“Supporting SMEs in accessing finance through public markets is essential, it is rewarding to see companies like Harvia excel and grow after having listed on NASDAQ Helsinki. The Awards are a great platform to showcase these companies and shine a light on their success. Companies such as Harvia are part of the backbone of the European economy and are vitally important in supporting growth. Congratulations to them on this nomination.” added Rainer Riess, the Director General of FESE.


More information


Tapio Pajuharju, CEO

tel: +358 50 577 4200


Ari Vesterinen, CFO

tel: +358 40 505 0440


Harvia is one of the leading companies operating in the sauna and spa market globally, as measured by revenue. Harvia’s brands and product portfolio are well known in the market, and the company’s comprehensive product portfolio strives to meet the needs of the international sauna and spa market of both private and professional customers.

Harvia’s revenue totaled EUR 74.1 million in 2019, and together with EOS, the pro forma net sales of the group exceeded in 2019 an estimated EUR 90 million. Harvia Group employs more than 500 professionals in Finland, China and Hong Kong, Romania, Austria, United States, Germany, Estonia, and Russia. The company is headquartered in Muurame, Finland, adjacent to its largest sauna and sauna component manufacturing facility.

Read more: https://harviagroup.com