Harvia as an investment

THE GLOBAL WELLNESS TREND IS ONE OF HARVIA’S KEY BUSINESS DRIVERS

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.

 

Our key strategic priorities are

1. Increasing the value of the average purchase

2. Geographical expansion

3. Improving our productivity

 

Financial targets

In 2023, our revenue decreased by 12.7%, adjusted operating profit was 22.4% and the net debt/ adjusted EBITDA ratio was 0.9. Our long-term financial targets are:

  • GROWTH: An annual average revenue growth of more than 5%
  • PROFITABILITY: Adjusted operating profit margin exceeding 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

Reasons to invest in Harvia

Harvia is well positioned to strengthen its leading role in the global market for saunas and spas, estimated at over 3 billion euros in size and grown historically at long-term average rate of 5 percent per year.

1) GROWING SAUNA AND SPA MARKET
2) STRONG POSITION IN MAIN MARKETS
3) STRONG BRANDS, COMPREHENSIVE PRODUCT OFFERING AND FUTURE INNOVATIONS
4) EFFICIENT BUSINESS MODEL
5) LONG-STANDING CUSTOMER RELATIONSHIPS AND DIVERSE DISTRIBUTION CHANNELS
6) STRONG PROFITABILITY AND CASH FLOW
NASDAQ Helsinki
18:29 on 21 May 2024
43.60 EUR
-2.68%