Harvia as an investment

Harvia’s business is driven by the large share of replacement demand
and the global wellness trend

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 2019 amounted to EUR 74.1 million with an adjusted operating profit of EUR 13.9 million.

 

Our key strategic priorities are

1. Increasing the value of the average purchase

2. Geographical expansion

3. Improving our productivity

 

Financial targets

In 2019, Harvia’s revenue grew by 19.6%, the adjusted operating profit was 18.7%, and the net debt/ adjusted EBITDA ratio was 1.7. 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

Reasons to invest in Harvia

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

We have captured some of the essential reasons to invest in Harvia into seven arguments described below.

1) HARVIA OPERATES IN A RESILIENT AND GROWING MARKET
2) A LEADER IN MAIN MARKETS
3) STRONG BRAND AND DIVERSE WITH A COMPREHENSIVE PRODUCT RANGE
4) AN INTEGRATED AND EFFICIENT BUSINESS MODEL
5) LONG-STANDING CUSTOMER RELATIONSHIPS AND DIVERSE PARTNER CHANNELS
6) STRONG AND STABLE PROFITABILITY AND CASH FLOW
7) SKILLED AND EXPERIENCED MANAGEMENT TEAM AND STAFF
Managers Transactions Release | 01 June 2020
Managers Transactions Release | 08 May 2020
NASDAQ Helsinki
18:29 on 05 Jun 2020
11.35 EUR
-2.58%