Core Insights - Harvia Oyj is a leading company in the global sauna market, recognized for its strong revenue and comprehensive product portfolio [2][3] - The company reported a revenue of EUR 175.2 million in 2024, indicating its significant market presence [3] - Harvia employs approximately 700 professionals across various countries, including Finland, the United States, Germany, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden [3] Transaction Details - Heiner Olbrich, a member of the Board, made an initial notification regarding his acquisition of shares in Harvia Oyj [1] - The transactions occurred on September 17, 2025, on the TRADEGATE EXCHANGE, involving a total volume of 1,000 shares at a volume-weighted average price of EUR 37.993 [1] - The share acquisition included multiple transactions with unit prices ranging from EUR 37.95 to EUR 38 [1]

Financial Information - Harvia will publish its financial statements for 2025 on 12 February 2026, with interim reports scheduled for 7 May 2026, 6 August 2026, and 29 October 2026 [1] - The electronic annual report containing complete Financial Statements for 2025 will be available during the week starting 9 March 2026 [1] Annual General Meeting - Harvia's Annual General Meeting is set for 15 April 2026 at 10:00 a.m. in Helsinki, with the exact location to be announced later [2] Company Overview - Harvia is a leading company in the global sauna market, recognized for its revenue and well-known brands [3] - The company has a comprehensive product portfolio catering to both private and professional customers in the international sauna market [3] - In 2024, Harvia's revenue reached EUR 175.2 million, and the company employs approximately 700 professionals across various countries including Finland, the United States, Germany, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden [4]

Core Insights - Harvia Plc reported continued sales growth in Q2 2025 despite uncertain market conditions, with revenue increasing by 9.4% year-on-year to EUR 47.3 million [5][11]. Financial Performance - Revenue for the first half of 2025 reached EUR 99.2 million, a 16.0% increase compared to EUR 85.5 million in the same period of 2024 [4][5]. - EBITDA for Q2 2025 was EUR 9.4 million, down 11.0% from EUR 10.5 million in Q2 2024, with an adjusted EBITDA of EUR 9.9 million, reflecting a 10.2% decline [4][16]. - Operating profit for Q2 2025 was EUR 7.6 million, a decrease of 14.6% from EUR 8.9 million in Q2 2024, with an adjusted operating profit of EUR 8.2 million [4][16]. - Basic earnings per share (EPS) were EUR 0.23 in Q2 2025, down from EUR 0.31 in Q2 2024 [4][5]. - Operating free cash flow decreased by 29.2% to EUR 3.9 million in Q2 2025 [4][5]. Market Dynamics - The North American market experienced slower revenue growth due to increased economic uncertainty and a weakened U.S. dollar, impacting sales and profitability [10][12]. - In Europe, sales remained stable, with variations across countries; Germany showed growth while Finland and Sweden saw declines [13][14]. - The APAC & MEA regions achieved strong sales growth of 35.8% in the first half of 2025, supported by project deliveries [15]. Strategic Initiatives - The company is focused on long-term growth targets, aiming for an average annual revenue growth of 10% and an adjusted operating profit margin exceeding 20% [8]. - Harvia is investing in key areas such as IT infrastructure modernization and strengthening its direct-to-consumer channel [17]. - The introduction of innovative products, including the world's first hydrogen-powered sauna, highlights the company's commitment to sustainability and innovation [18]. Workforce and Financial Health - The number of employees increased by 8.6% to 742 compared to the previous year [6]. - Net debt rose to EUR 57.9 million, with a leverage ratio of 1.3, up from 0.8 [6][19]. - The equity ratio decreased to 43.6% from 49.8% year-on-year [6].

Core Viewpoint - Harvia Plc and Toyota Motor Corporation have collaborated to create what is believed to be the world's first hydrogen-powered sauna, aiming for a more sustainable future in sauna technology by integrating Harvia's expertise with Toyota's hydrogen combustion technology [1][5]. Group 1: Collaboration and Events - The hydrogen sauna concept will be showcased at two events in Jyväskylä, Finland: the "World Sauna Forum" on June 4-5, 2025, and during "Rally Finland" from July 31 to August 2, 2025 [2]. - This partnership is part of a broader initiative to explore new hydrogen applications and contribute to carbon neutrality [2]. Group 2: Technology and Environmental Impact - The hydrogen sauna system generates only steam and warm air, with no CO2 emissions during operation, presenting a cleaner alternative to traditional heating methods [3]. - The design of the hydrogen combustion heater aims to replicate the traditional smoke sauna experience, providing gentle heat and pleasant steam when water is poured on heated stones [4]. Group 3: Company Profiles - Harvia is a global leader in the sauna and spa market, known for its commitment to environmental responsibility and innovative solutions across its operations [7][8]. - Toyota views hydrogen as a crucial fuel for achieving carbon neutrality and is actively promoting hydrogen initiatives across various sectors [6].

Company Overview - Harvia Plc is a leading company in the global sauna market, recognized for its strong revenue performance [2] - The company has a well-known brand and a comprehensive product portfolio that caters to both private and professional customers in the international sauna market [2] Financial Performance - Harvia's revenue reached EUR 175.2 million in 2024, indicating a solid financial standing within the industry [3] - The company employs approximately 700 professionals across various countries, including Finland, the United States, Germany, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden [3] Corporate Governance - Hille Korhonen, a member of the Board and Deputy member, received a share-based incentive transaction on May 23, 2025, involving 301 shares at a unit price of 0.00 EUR [1]

Core Points - Harvia Plc is a leading company in the global sauna market, recognized for its strong revenue and comprehensive product portfolio [2][3] - The company reported a revenue of EUR 175.2 million in 2024, indicating its significant market presence [3] - Harvia employs approximately 700 professionals across various countries, including Finland, the United States, Germany, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden [3] Transaction Details - Catharina Stackelberg-Hammarén, a member of the Board, received a share-based incentive on May 23, 2025, involving 351 shares at a unit price of 0.00 EUR [1] - The aggregated transaction also reflects a volume of 351 shares with a volume-weighted average price of 0.00 EUR [1]

Company Decisions - The Annual General Meeting of Shareholders of Harvia Plc resolved that 40% of the total monthly remuneration of the Board of Directors will be paid in company shares purchased at a price determined in public trading on Nasdaq Helsinki Ltd or via a share issue [1] - Harvia Plc has transferred 1.555 own shares to the members of the Board of Directors as part of their remuneration, in line with the decision made during the Annual General Meeting [2] - The number of shares transferred was calculated by converting approximately 40% of the total monthly remuneration into shares at the volume weighted average price on Nasdaq Helsinki Ltd [3] Company Overview - Harvia is recognized as one of the leading companies in the global sauna market, with a well-known brand and comprehensive product portfolio catering to both private and professional customers [4] - In 2024, Harvia's revenue reached EUR 175.2 million, and the company employs around 700 professionals across various countries including Finland, the United States, Germany, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden [5]

Core Points - Jennifer Thayer, Head of Region, North America and President of Harvia US Inc, will resign from her position to join another employer, continuing until May 30, 2025 [1] - Nick Larrick, Vice President of Operations at Harvia North America, will take over as Interim Head of Region, North America starting June 1, 2025, bringing 25 years of experience in the sauna market [2] - Harvia will begin the recruitment process for a new Head of Region, North America immediately following Thayer's departure [2] Company Overview - Harvia Plc is a leading company in the global sauna market, recognized for its revenue and comprehensive product portfolio catering to both private and professional customers [4] - In 2024, Harvia's revenue reached EUR 175.2 million, with approximately 700 employees across various countries including Finland, the United States, and Germany [5] - The company is headquartered in Muurame, Finland, near its largest manufacturing facility for saunas and sauna components [5]

Core Viewpoint - Harvia Plc reported strong profitability and growth across all regions in Q1 2025, with significant contributions from North America and the successful integration of the ThermaSol acquisition [1][8][9]. Financial Performance - Revenue increased by 22.7% to EUR 52.0 million compared to EUR 42.4 million in Q1 2024, with organic revenue growth at 14.1% [3][5]. - EBITDA rose by 20.5% to EUR 13.8 million, representing 26.5% of revenue [3][5]. - Operating profit reached EUR 11.9 million, accounting for 22.9% of revenue, an increase of 20.8% year-on-year [3][5]. - Basic EPS improved to EUR 0.45 from EUR 0.40, marking an 11.9% increase [3][5]. - Operating free cash flow was EUR 10.2 million, with a cash conversion rate of 73.7% [3][5]. Regional Performance - North America contributed over 80% of total revenue growth, with strong market demand during the high-demand winter season [9][10]. - The APAC & MEA region experienced growth but had lower revenue due to fluctuations from large individual deliveries [11]. - European market conditions remained challenging, particularly in Northern Europe, with slow recovery in Finland [12]. Strategic Initiatives - The company is focused on long-term growth targets, aiming for an average annual revenue growth of 10% and an adjusted operating profit margin exceeding 20% [6]. - Harvia continues to invest in innovation, brand building, and digital sales channels to support future growth [14]. - The integration of ThermaSol is progressing well, contributing positively to sales and cost synergies [10][14]. Market Outlook - Global interest in saunas is rising, presenting both organic and inorganic growth opportunities for Harvia [15]. - The company is well-positioned to navigate challenges posed by global economic conditions and tariffs, with a significant portion of products manufactured locally in the U.S. [16]. Company Overview - Harvia is a leading player in the global sauna market, employing approximately 700 professionals across multiple countries [19][20]. - The company is headquartered in Muurame, Finland, adjacent to its largest manufacturing facility [20].

Core Viewpoint - Harvia is set to publish its Interim Report for Q1 2025 on May 7, 2025, and will hold a webcast for analysts and investors on the same day, showcasing its position as a leading company in the global sauna market [1][2]. Group 1: Financial Performance - Harvia's revenue for the year 2024 reached EUR 175.2 million, indicating a strong financial performance [3]. Group 2: Company Operations - Harvia employs approximately 700 professionals across various countries including Finland, the United States, Germany, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden [3]. - The company is headquartered in Muurame, Finland, which is also home to its largest sauna and sauna component manufacturing facility [3]. Group 3: Market Position - Harvia is recognized as one of the leading companies in the global sauna market, with a well-known brand and a comprehensive product portfolio catering to both private and professional customers [2].