Harvia Plc: Disclosure under chapter 9, section 10 of the securities markets act

Stock Exchange Release | 10 April 2018



Harvia Plc has received on 9 April 2018 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act ("SMA"), according to which total holding of the mutual funds managed by Nordea Funds Ltd (Helsinki, Finland) in Harvia Plc's shares and votes has fallen below five (5) percent on 6 April 2018. According to the notification, the reason for the notification was disposal of shares or voting rights.

Aggregate position of Nordea Funds Ltd according to notification:

  % of shares and
voting rights
% of shares and
voting rights through
financial instruments
Total of both
in %
Total number of
shares and voting
rights of issuer
Resulting situation
on the date on which
threshold was crossed
or reached
4.83% - 4.83% 18,549,879
Position of previous
notification (if applicable)
- - - -


Notified details of the resulting situation following the crossing of threshold:

A: Shares and voting rights

  Number of shares and voting rights % of shares and voting rights
Class /
type of shares
(SMA 9:5)
(SMA 9:6 and 9:7)
(SMA 9:5)
(SMA 9:6 and 9:7)
FI4000306873 896,746 - 4.83% -
SUBTOTAL A 896,746 - 4.83% -




Additional information:

Ari Vesterinen, CFO
tel. +358 40 5050 440


Harvia in short

Harvia is one of the leading companies operating in the sauna and spa market globally, as measured by revenue.[1] Harvia's brands and product offering are well-known in the market[2] and the Company's comprehensive product offering strives to meet the needs of the international sauna and spa market, of both private and professional customers.

Harvia's revenue amounted to EUR 60.1 million in 2017, its operating profit was EUR 9.3 million and adjusted operating profit EUR 10.7 million during the same period. The Company employs some 365 professionals in Finland, China and Hong Kong, Romania, Austria, Germany and Estonia. The company's headquarters in Muurame, Finland are adjacent to its largest sauna and sauna component manufacturing facility.


[1] International Management Consultant Analysis conducted in autumn 2017 and commissioned by Harvia.

[2] The Harvia brand was the most recognised sauna brand in a survey of Finnish, Swedish, German, Russian and American consumers (altogether 810 consumers) conducted by an international management consultant company in autumn 2017 and commissioned by Harvia.