Hop on the consolidation train of the sauna market
Harvia is the most profitable player on the steadily growing sauna and spa market, which is based on a strong market position, product development and production know-how that have been generated through the company’s long history and an efficient operating model. Harvia has a wide product portfolio in the sauna sector, an extensive distribution network, and leading brands in the sector (Harvia, Sentiotec, EOS and Kusatek). Strong organic growth outlook, good profitability, high cash flow ratio, and efficient use of capital are good reasons to invest in Harvia. The company becomes even more attractive as an investment object because it has in recent years proven its ability to generate considerable shareholder value through excellent acquisitions on the fragmented sauna and spa market. Harvia is rapidly becoming the undisputed leader on the market.
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 Figures26.11.2020
2019 | 20e | 21e | |
---|---|---|---|
Revenue | 74.1 | 104.2 | 117.6 |
growth-% | 19.62 % | 40.60 % | 12.91 % |
EBIT (adj.) | 13.9 | 21.9 | 24.5 |
EBIT-% (adj.) | 18.73 % | 21.02 % | 20.87 % |
EPS (adj.) | 0.54 | 0.86 | 0.96 |
Dividend | 0.38 | 0.50 | 0.60 |
Dividend % | 3.58 % | 1.17 % | 1.40 % |
P/E (adj.) | 19.52 | 49.82 | 44.56 |
EV/EBITDA | 13.62 | 35.45 | 29.75 |