Harvia is a global leader in the sauna and spa market. Harvia’s revenue in 2023 amounted to EUR 150.5 million with an adjusted operating profit of EUR 33.7 million.
Harvia’s updated strategic focus areas
- Delivering the full sauna experience
- Winning in strategically important markets
- Leading in key channels
- Best-in-class operations & great people
Financial targets
In 2023, Harvia’s revenue decreased by 12.7%, adjusted operating profit was 22.4% and the net debt/ adjusted EBITDA ratio was 0.9. Our updated long-term financial targets are:
- Revenue: Average annual revenue growth of 10% (before: average annual revenue growth of more than 5%)
- Profitability: Adjusted operating profit margin1) exceeding 20% (unchanged)
- Leverage: Net debt/adjusted EBITDA2) below 2.5x (before: net debt/adjusted EBITDA 1.5x−2.5x in the long term)
1) Adjusted operating profit is operating profit before items affecting comparability.
2) Excluding the future impacts of changes in IFRS reporting standards.
Financial key figures
