Harvia Oyj

Harvia Plc will release its half-year financial report for January–June 2024 on Thursday, 8 August 2024 at approximately 9:00 a.m. EEST. The report and presentation materials will be available on Harvia's investor relations website. A webcast for analysts, investors, and media will be held on the same day at 11:30 a.m. EEST, hosted by CEO Matias Järnefelt and CFO Ari Vesterinen. The webcast can be accessed online, and a recording will be available later. Harvia is a leading company in the global sauna market, with a revenue of EUR 150.5 million in 2023 and around 600 employees worldwide. The company is headquartered in Muurame, Finland. For further information, contact CFO Ari Vesterinen.

Harvia Plc has completed its acquisition of ThermaSol Steam Bath LLC, a leading U.S. manufacturer of high-end steam showers and steam rooms. The deal, announced on 23 July 2024, involved Harvia purchasing 100% of ThermaSol's shares for USD 30.4 million. The acquisition was financed through a 20 million euro bullet loan and cash funds. Harvia, a global leader in the sauna market, generated EUR 150.5 million in revenue in 2023 and employs around 600 professionals across multiple countries. The company is headquartered in Muurame, Finland.

Harvia Plc has signed an agreement to acquire 100% of ThermaSol Steam Bath LLC, a leading U.S. manufacturer of steam showers and steam rooms, for USD 30.4 million. ThermaSol, established in 1958 and headquartered in Round Rock, Texas, will operate as an independent brand within Harvia Group. The acquisition aims to strengthen Harvia's position in the U.S. sauna market and enhance its steam solutions offerings. ThermaSol's 2023 net sales were USD 14.4 million, and the company employs around 40 people. Harvia will finance the acquisition with a bullet loan and cash funds. The transaction is expected to close in July 2024, with ThermaSol's current CEO Mitch Altman transitioning to a Strategic Adviser role, and Jennifer Thayer becoming the new CEO. The acquisition is anticipated to create annual synergies of approximately EUR 1.7 million by 2027.

Harvia has upgraded its wood-burning heater production line to enhance quality, efficiency, and reliability through increased automation and the latest manufacturing technologies. The new heaters feature structural improvements, such as a reinforced firebox and updated chimney connections, while maintaining the same appearance and dimensions for easy replacement. According to Tuomo Kakkonen, Production Director at Harvia, these advancements will improve production efficiency, increase capacity, and support long-term demand growth. The upgrades also enhance material efficiency, recycling efforts, and delivery times. The new heaters have been awarded the Key Flag label, signifying Finnish craftsmanship and supporting local employment. All frame upgrades are expected to be completed by the end of 2024.

Harvia PLC released a stock exchange announcement on June 11, 2024, at 4:00 P.M. EEST. Additional information can be obtained from Ari Vesterinen, CFO, via phone or email. Harvia is a leading company in the global sauna market by revenue, with a well-known brand and comprehensive product portfolio catering to both private and professional customers. In 2023, Harvia's revenue was EUR 150.5 million. The Harvia Group employs around 600 professionals across various countries, including Finland, Germany, the United States, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden. The company is headquartered in Muurame, Finland, near its largest manufacturing facility. More information can be found on their website.

Harvia PLC, a leading global company in the sauna market by revenue, released information on June 11, 2024. The company, known for its well-recognized brands and comprehensive product portfolio, aims to meet the needs of both private and professional customers in the international sauna market. In 2023, Harvia reported a revenue of EUR 150.5 million and employs around 600 professionals across various countries including Finland, Germany, the United States, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden. The company is headquartered in Muurame, Finland, near its largest manufacturing facility. Further details can be found on their website.

Harvia PLC, a leading global company in the sauna market by revenue, reported a total revenue of EUR 150.5 million in 2023. The company offers a comprehensive product portfolio catering to both private and professional customers. Harvia employs around 600 professionals across various countries, including Finland, Germany, the United States, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden. The company is headquartered in Muurame, Finland, near its largest manufacturing facility for saunas and sauna components. For more information, visit their website at https://harviagroup.com.

HARVIA PLC STOCK EXCHANGE RELEASE 11 JUNE 2024 AT 4.00 P.M. EEST Harvia is a leading company in the global sauna market, known for its extensive product portfolio catering to both private and professional customers. In 2023, Harvia reported a revenue of EUR 150.5 million. The company employs around 600 professionals across various countries including Finland, Germany, the United States, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden. Harvia's headquarters and largest manufacturing facility are located in Muurame, Finland. For more information, visit https://harviagroup.com.

Harvia PLC released a stock exchange announcement on June 11, 2024, detailing its position as a leading company in the global sauna market by revenue. The company offers a well-known brand and comprehensive product portfolio catering to both private and professional customers. In 2023, Harvia reported a revenue of EUR 150.5 million. The Harvia Group employs around 600 people across various countries, including Finland, Germany, the United States, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden. Its headquarters and largest manufacturing facility are located in Muurame, Finland. For more information, visit their website.

Harvia PLC released a stock exchange announcement on June 11, 2024. Harvia is a leading global company in the sauna market, known for its extensive product portfolio catering to both private and professional customers. In 2023, Harvia's revenue was EUR 150.5 million. The company employs around 600 professionals across various countries, including Finland, Germany, the United States, Romania, China, Hong Kong, Austria, Italy, Estonia, and Sweden. Harvia's headquarters are in Muurame, Finland, near its largest manufacturing facility. For more information, visit their website.