Finland's Harvia Q1 revenue beats estimates

Harvia Oyj

07/05/2026 07:09

Overview

Finland sauna equipment maker's Q1 revenue rose 12.7% yr/yr, beating analyst expectations

Q1 adjusted EBITDA grew 7.6% and beat analyst expectations

Outlook

Company expects Q2 profitability to be negatively impacted by postponed gross margin and temporary costs

Harvia targets average annual revenue growth of 10% and adjusted operating profit margin above 20%

Result Drivers

REGIONAL DEMAND - Strong revenue growth driven by healthy demand in North America, double-digit growth in Northern Europe, and rapid expansion in APAC & MEA, especially China and Japan

PRODUCT GROUP PERFORMANCE - Heating equipment delivered strong growth of 21.0%, supported by healthy market demand and new product launches such as the Harvia Fenix full-touch control panel

PROFITABILITY DRIVERS - Profitability supported by sales growth outpacing indirect cost increases and strong gross margin due to commercial actions in response to tariff and currency changes

Company press release: ID:nGNE5T6RyC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 58.60 mln
EUR 55.20 mln (4 Analysts)
Q1 Adjusted EBITDA
Beat
EUR 14.90 mln
EUR 13.63 mln (4 Analysts)
Q1 Basic EPS
EUR 0.50


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Harvia Oyj is €44.50, about 24.3% above its May 6 closing price of €35.80

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)