Harvia: Bright future after forecasts smashing, shares jump

Harvia Oyj

19/04/2021 08:10

** Shares in Finnish sauna and spa company Harvia
 HARVIA.HE  jump 27% after it reported Q1 results above
expectations  urn:newsml:reuters.com:*:nFWN2M91B8
    ** Inderes says Harvia's record high revenues of EUR 39.6
mln ($47.40 mln) and comparable operating profit of EUR 11.1 mln
"smashed" its expectations of EUR 29.5 mln and EUR 6.2 mln
respectively
    ** "Harvia's future has never looked so bright," the broker
says
    ** Inderes raises the company to "buy" from "increase" and
ups its expectations on 2021 operating profit by 33% and on 2021
revenue by 14%
    ** Stock is set for best day ever


($1 = 0.8355 euros)

 ((paulina.cwikowska@tr.com ; boleslaw.lasocki@tr.com))