Harvia is a global leader in the sauna and spa market. Harvia has steadily increased its revenue both organically and through acquisitions, and its revenue in 2020 amounted to EUR 109.1 million with an adjusted operating profit of EUR 24.4 million.
Our key strategic priorities are
1. Increasing the value of the average purchase
2. Geographical expansion
3. Improving our productivity
Financial targets
In 2020, Harvia’s revenue grew by 47.3%, the adjusted operating profit was 22.4%, and the net debt/ adjusted EBITDA ratio was 1.1. Harvia seeks to continue its predicted growth plan. Our financial targets in the long term include:
- GROWTH: An average 5% annual growth rate of net sales
- PROFITABILITY: Adjusted operating profit margin of 20%
- LEVERAGE: Net debt per adjusted EBITDA in the range of 1.5x–2.5x¹
¹ Does not take into account the effect of future changes in IFRS standards.
Financial key figures
