Harvia: Back to the growth trend from Q4’23
Harvia is a leading company in its field with clear competitive advantages. This enables good ROIC and value creation, in addition to which the company's capital allocation to acquisitions has been successful. We expect revenue and earnings to start rising again from Q4’23.
Harvia
Harvia is a manufacturer of sauna systems. The product range consists of complete solutions that include ready-made sauna and spa facilities, as well as electric sauna heaters, wood-fired sauna stoves, and associated furnishings. In addition, the company manufactures infrared sauna systems. Harvia operates worldwide, and the company's products are found via partners. The company was founded in 1950 and is headquartered in Muurame.
Read more on company pageKey Estimate Figures13.09.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 172.4 | 151.4 | 165.3 |
growth-% | -3.77 % | -12.16 % | 9.15 % |
EBIT (adj.) | 36.5 | 33.2 | 37.8 |
EBIT-% (adj.) | 21.18 % | 21.94 % | 22.88 % |
EPS (adj.) | 1.55 | 1.23 | 1.50 |
Dividend | 0.64 | 0.65 | 0.67 |
Dividend % | 3.62 % | 1.52 % | 1.57 % |
P/E (adj.) | 11.41 | 34.92 | 28.54 |
EV/EBITDA | 9.12 | 21.19 | 18.38 |