Harvia Plc distributes a dividend of EUR 0.18 per share

Stock Exchange Release | 10 October 2018

Harvia Plc, Stock Exchange Release, October 10, 2018 at 3.30 PM EEST

Harvia Plc distributes a dividend of EUR 0.18 per share

The Board of Directors of Harvia Plc has resolved today, on the basis of the authorization by the Annual General Meeting 2018, that a dividend of EUR 0.18 per share (EUR 3,364,962.48 in total) be distributed from retained earnings. The dividend will be paid to a shareholder registered in the company's shareholder register maintained by Euroclear Finland Ltd on the record date for the dividend 12 October 2018. The dividend will be paid on 19 October 2018.

Harvia Plc's Annual General Meeting, held on 2 March 2018, resolved to authorise the Board of Directors to resolve, at its discretion, upon distribution of dividend or of assets from reserves for unrestricted equity in the maximum amount of EUR 3,500,000.00 provided that the financial standing of the company at time of distribution allows for distribution of dividend and other legal requirements for distribution of assets are met. The authorisation is valid until the beginning of the following Annual General Meeting.

Further information:
Tapio Pajuharju, CEO
tel: +358 50 577 4200

Ari Vesterinen, CFO
tel: +358 40 505 0440

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 384 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.