Harvia AGM 2026: EUR 0.77 Dividend Approved, Martin Richter Joins Board

Harvia Plc held its 2026 Annual General Meeting in Helsinki on 15 April 2026 at 10:00 a.m. Finnish time. Shareholders approved the board’s proposed dividend of EUR 0.77 per share, re-elected six incumbent directors, added Martin Richter to the board, and renewed share buyback and issuance authorizations. Deloitte Oy was re-elected as auditor. Shareholders approved every board proposal. (Context on the FY 2025 results that drove the dividend. Full investor coverage: Harvia News hub.)

Dividend rises 2.7% to EUR 0.77, paid in two parts

The approved total dividend of EUR 0.77 per share will be paid in two installments. The first installment of EUR 0.39 per share has a record date of 17 April 2026 and a payment date of 24 April 2026. The second installment of EUR 0.38 per share is payable in October 2026, with the record and payment dates left to a board meeting scheduled for 15 October 2026; on the AGM’s own wording the record date “would then be” 19 October 2026 and the payment date 26 October 2026. The total represents a 2.7% increase from the EUR 0.75 paid for 2024.

Martin Richter joins a seven-member board

Seven board members were elected. Six incumbents were re-elected: Catharina Stackelberg-Hammarén, Petri Castrén, Anders Holmén, Hille Korhonen, Markus Lengauer, and Olli Liitola. Martin Richter was newly elected to the board, a year after Petri Castrén joined it in 2025. Board compensation was approved at EUR 5,500 monthly for the chair, EUR 4,000 for the deputy chair, and EUR 3,500 for members, with 40% payable in Harvia shares and 60% in cash. Committee chair meeting fees are EUR 1,400, committee member meeting fees EUR 900, and members who live outside Finland receive an additional EUR 900 in cash for each meeting they travel to Finland to attend.

Buyback of up to 5%, issuance of up to 10%

The board was authorized to repurchase up to 934,711 shares, roughly 5% of all the company’s shares. Separately, the board was authorized to issue up to 1,869,423 shares, approximately 10% of all shares, and may waive shareholders’ pre-emptive subscription rights. Both authorizations run until the close of the next AGM, and no later than 30 June 2027. Repurchased shares can be used for share-based incentive plans or board pay; new shares can be issued to strengthen the balance sheet and financing position or for board pay. Both also allow other purposes the board decides.

Deloitte stays as auditor

Deloitte Oy was re-elected as the company’s auditor, with Johan Groop serving as Responsible Auditor. Auditor fees are to be paid based on invoice.

The buyback and issuance authorizations leave Harvia room to fund acquisitions. The company has grown to EUR 198.9 million in revenue since its 2018 IPO. On the Q4 2025 earnings call two months before the AGM, CEO Matias Järnefelt described Harvia as a consolidator in the global sauna category.

“We are in a growing market which continues to be quite underdeveloped in terms of the structure of the competitive landscape. So several rather small regional local players, and Harvia, I think, has the right to play and right to win as a consolidator of this industry.” Matias Järnefelt, CEO, Harvia Q4 2025 earnings call, 12 February 2026

Asked on the same call what is on the acquisition wish list, Järnefelt named the category first: “One of the prime candidates, of course, for us is infrared sauna business in the United States.” He also named adjacent wellness categories, telling analysts Harvia is “looking at categories such as cold wellness” and “digital wellness capabilities.”