Harvia Oyj

Harvia Plc's interim report for the third quarter of 2024 highlights the company's growth both organically and through the acquisition of ThermaSol, maintaining strong profitability. The revenue for the quarter was EUR 38.7 million, a 14.0% increase from the previous year, driven by strong sales in North America, Asia-Pacific, and the Middle East. Organic growth was 7.9%. The acquisition of ThermaSol boosted steam product sales, and Harvia's adjusted operating profit was EUR 8.9 million, with a margin of 22.9%. The company focused on increasing inventories in the U.S. and investing in production facilities, which affected cash flow and cash conversion. Harvia's leverage was 1.4, below the target of under 2.5. The company aims for long-term growth through organic means and acquisitions. New product innovations include a woodburning heater and a solar-powered sauna. Harvia is positioned as an industry leader in the global sauna market, with plans for continued expansion and innovation. A webcast for analysts and investors is scheduled for November 7, 2024. Harvia employs over 600 people globally and is headquartered in Muurame, Finland.

Harvia will release its Interim Report for January to September 2024 on Thursday, November 7, 2024, at around 9:00 a.m. Finnish time. The report and presentation materials will be available on their website. A webcast for analysts, investors, and media will be held at 12:00 p.m. EET on the same day, hosted by CEO Matias Järnefelt and CFO Ari Vesterinen, and conducted in English. The webcast can be accessed online, with a recording available later. Harvia, a leading global company in the sauna market, reported a revenue of EUR 150.5 million in 2023 and employs over 600 people across multiple countries. The company is headquartered in Muurame, Finland. For more information, contact CFO Ari Vesterinen.

Harvia Plc's Board of Directors has announced the record date and payment date for the second dividend installment for the financial year 2023, set at EUR 0.34 per share. This follows the decision made at the Annual General Meeting on April 26, 2024, where it was agreed to distribute a total dividend of EUR 0.68 per share in two installments. The first installment was paid on May 8, 2024, and the second will be paid on October 28, 2024, to shareholders registered by October 21, 2024. Harvia, a leading global company in the sauna market, reported a revenue of EUR 150.5 million in 2023 and employs over 600 people across several countries. The company is based in Muurame, Finland.

Kirami, a Finnish manufacturer of hot tubs and saunas, has introduced a new sauna collection called the Kirami FinVision® -sauna Tile. This collection features innovative, energy-efficient, and environmentally friendly outdoor saunas. The electric saunas can be installed in remote locations without access to the electrical grid, using optional solar panels and a battery system. The saunas will be showcased at the Interbad Trade Fair in Stuttgart and the Piscine Trade Fair in Lyon. The collection includes models with smaller heaters for high energy efficiency and quick heating times. Kirami, part of the Harvia Group since 2021, is also launching a new logo and brand, Kirami by Harvia, reflecting their focus on well-being and innovation. The Kirami FinVision® Sauna M Tile will compete for the Innovation Award 2024 at the Interbad fair.

Harvia Plc issued a stock exchange release on September 20, 2024, detailing transactions by senior manager David Ahonen. The transactions, all disposals of shares, occurred on September 19, 2024, across various venues including AQEU, BEUP, CEUX, and NASDAQ Helsinki Ltd (XHEL). The transactions involved multiple volumes and unit prices, with aggregated transaction details provided for each venue. Harvia Plc is a leading company in the global sauna market, with a revenue of EUR 150.5 million in 2023 and approximately 600 employees across various countries. The company is headquartered in Muurame, Finland. For more information, contact CFO Ari Vesterinen or visit Harvia's website.

Harvia Plc released information on September 19, 2024, detailing transactions by senior manager David Ahonen involving the disposal of shares in the company. The transactions occurred on September 17 and 18, 2024, across various trading venues. The aggregated transactions across different venues included significant volumes of shares with varying unit prices, all related to the disposal of shares. The detailed report provides specific volumes and prices for each transaction. Harvia, a leading global company in the sauna market, reported a revenue of EUR 150.5 million in 2023 and employs around 600 professionals across multiple countries. The company is headquartered in Muurame, Finland. For more information, visit their website.

Harvia Plc released a notification on September 12, 2024, regarding transactions by a senior manager, Timo Harvia. The transactions, which took place on September 10 and 11, 2024, involved the disposal of shares in various venues, including AQEU, BEUP, CEUD, CEUX, DHEL, TQEX, SGMU, and NASDAQ Helsinki Ltd (XHEL). The total volumes and volume-weighted average prices of the transactions were detailed for each venue. Harvia is a leading company in the global sauna market, with a revenue of EUR 150.5 million in 2023 and approximately 600 employees worldwide. The company is headquartered in Muurame, Finland. For further information, contact CFO Ari Vesterinen.

Harvia Plc will release its financial statements for 2024 and interim reports in 2025. The electronic annual report, including the complete Financial Statements for 2024, will be published during the week starting March 10, 2025. The Annual General Meeting is scheduled for April 8, 2025, at 10:00 a.m. in Helsinki, with the exact location to be announced later. Harvia is a leading global company in the sauna market, with a revenue of EUR 150.5 million in 2023 and over 600 employees across various countries. The company is headquartered in Muurame, Finland. For more information, contact CFO Ari Vesterinen at +358 40 5050 440 or ari.vesterinen@harvia.com.

Harvia Plc announced on September 9, 2024, that its shareholders' nomination board will prepare proposals regarding the election and remuneration of Board Members and members of various Board committees for future Annual and Extraordinary General Meetings. The nomination board consists of representatives from the company's four largest shareholders, based on the shareholders' register maintained by Euroclear Finland Ltd as of the first working day in September before the Annual General Meeting. If a shareholder declines their right to appoint a representative, the next largest shareholder will take their place. Heiner Olbrich, Chairman of the Board of Directors, will act as an expert on the Nomination Board without being a member. The Nomination Board will submit its proposals for the 2025 Annual General Meeting by January 31, 2025. Harvia, a leading global company in the sauna market, reported a revenue of EUR 150.5 million in 2023 and employs over 600 professionals across multiple countries. The company is headquartered in Muurame, Finland.

Harvia Plc reported significant sales growth and strong profitability in its Q2 2024 financial review. The company achieved a 20.7% increase in revenue, reaching EUR 43.3 million, driven by strong performance in North America, Asia-Pacific, and the Middle East. Organic growth was 20.1%. Market conditions remained favorable, with increased awareness of sauna benefits. Continental Europe showed signs of recovery, and Northern Europe experienced revenue growth after two years of decline. The adjusted operating profit for Q2 was EUR 9.4 million, with a margin of 21.8%. Harvia's operating free cash flow was EUR 5.5 million, and the company increased inventories in Finland, the U.S., and Japan. Harvia updated its long-term financial targets and strategy, aiming for an average annual revenue growth of 10%, an adjusted operating profit margin exceeding 20%, and a net debt/adjusted EBITDA below 2.5x. The company also announced the acquisition of ThermaSol, a U.S. steam solutions manufacturer, to strengthen its position in North America. Harvia's CEO and CFO will host a webcast on the financial results on 8 August 2024. Harvia is a leading global sauna market company with a comprehensive product portfolio and over 600 employees.