Harvia shares (“HARVIA”) are listed on the main market of Nasdaq Helsinki Ltd since March 2018. Harvia is a global leader in the sauna and spa market. In 2020, Harvia’s net sales increased by 47.3 percent, its adjusted operating margin was 22.4 percent.
Established in 1950, Harvia is the world’s leading sauna and spa company. The Finnish company has a comprehensive sauna and spa product range, from heaters to components and full sauna and spa solutions – meeting consumers and industry professionals’ needs.
They have steadily increased its revenue both organically and through acquisitions, and its revenue in 2020 amounted to EUR 109.1 million with an adjusted operating profit of EUR 24.4 million which is 22.4% of revenue.
Harvia is the number one manufacturer of sauna heaters and components. They have a strong growth mindset, and the three strategic priorities in further strengthening their position as a leading global sauna and spa brand are 1) increasing the value of the average purchase, 2) expanding geographically, and 3) improving productivity.