Harvia starts repurchasing own shares for its incentive plan

Core Viewpoint - Harvia Plc has decided to initiate a share repurchase program as part of its incentive plan, authorized by the Annual General Meeting held on April 8, 2025, with a maximum of 17,000 shares to be repurchased, representing 0.09% of total shares, for a maximum expenditure of EUR 765,000 [1] Group 1: Share Repurchase Details - The Board of Directors is authorized to repurchase up to 934,711 shares, approximately 5.0% of the total shares, using funds from the company's unrestricted shareholders' equity [2] - The total number of shares in Harvia Plc is 18,694,236, and the company currently holds 3,800 of its own shares [2] - The share repurchase is set to commence on February 19, 2026, and conclude by March 18, 2026, with shares acquired at market price through public trading on Nasdaq Helsinki Ltd [1] Group 2: Company Overview - Harvia is recognized as a leading company in the global sauna market, with a well-known brand and a comprehensive product portfolio catering to both private and professional customers [3] - In 2025, Harvia's revenue reached EUR 198.9 million, and the company employs over 700 professionals across various countries including Finland, the United States, Germany, Romania, China, Hong Kong, Austria, Italy, and Sweden [4] - The company is headquartered in Muurame, Finland, near its largest manufacturing facility for saunas and sauna components [4]