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Markets/Harvia

Harvia

Coverage of Harvia Plc, listed on Nasdaq Helsinki: results, the investor calendar, acquisitions, products, and SaunaNews coverage back to the 2018 IPO.

Next reportIn 28 days

Oct 29, 2026

Interim report, January to September 2026

Listed
Nasdaq Helsinki
Mid Cap segment
Ticker
HARVIA
ISIN
FI4000306873
Headquarters
Muurame, Finland
Founded
1950
People
806
June 30, 2026

Sources: Harvia Plc Annual Report 2024; Harvia's story, Harvia Plc; Harvia half-year financial review, Aug 6, 2026.

On this page

  • Results
  • Latest
  • Share price
  • Calendar
  • Annual results
  • The group
  • Products
  • Events
  • Coverage
  • Questions
01

Results

Harvia's latest reported figures, each with its source and date.

Annual results
H.01·RevenueQ2 2026

€52.8M

Revenue for April to June 2026, up 11.7% from a year earlier.

Q2 2025€47.3M
Q2 2026€52.8M

Source: Harvia half-year financial review·as of Aug 6, 2026

H.02·Adj. marginQ2 2026

16.2%

Adjusted operating profit as a share of revenue. Harvia's long-term target is above 20%.

Q2 202517.3%
Q2 202616.2%

Source: Harvia half-year financial review·as of Aug 6, 2026

H.03·RevenueFY 2025

€198.9M

Revenue for the full year 2025, up 13.5% from 2024.

2024€175.2M
2025€198.9M

Source: Harvia financial statements bulletin 2025·as of Feb 12, 2026

H.04·DividendFY 2025

€0.77

Total dividend per share for 2025, payable in two installments: April and October 2026.

2024€0.75
2025€0.77

Source: Harvia financial statements bulletin 2025·as of Feb 12, 2026

NoteHarvia reports in euros. Adjusted figures exclude items affecting comparability, as Harvia defines them.

02

Latest

Harvia and the brands it owns, newest first.

All coverage
MarketsAnalysis

Harvia North America +38.6%; Cabins Surge as Steam Slips

Harvia’s North American surge came with a warning label: cabins grew 44%, steam fell 13.8%, and a three-week factory shutdown pushed about EUR 4 million of high-margin heater deliveries into the back half. The investor call made clear which parts are timing, which are mix, and where Harvia wants to buy next.

Aug 7, 2026·11 min read

Markets

Harvia Reports H1 on Thursday. The Soft Quarter Inside It Was Announced in May.

Aug 1, 2026·4 min read

MakersBrief

Harvia Bets on a Home-Region R&D Pipeline With Three Finnish Schools

Jun 9, 2026·3 min read

MakersAnalysis

ThermaSol’s New Premium Saunas Include Cabins Built in Finland by Harvia-Owned Kirami

May 22, 2026·16 min read

MakersNews

Harvia Stock Jumps 15% on Record Q1 Revenue of EUR 58.6M

May 8, 2026·6 min read

03

Share price

HARVIA on Nasdaq Helsinki, in euros, from TradingView.

Loading the TradingView chart

HARVIA stock chart by TradingView

Listed since
Mar 22, 2018
The IPO priced at EUR 5.00 a share, about EUR 93.5 million in market value. Our IPO story
How Harvia reports
Interim reports for the first and third quarters, a half-year report in August and a financial statements bulletin in February. The dividend is paid in two installments, in April and October.
Investor calendar
04

Investor calendar

Report dates, the AGM and dividend dates. Past reports link to our story.

Dates come from Harvia's published financial calendar and AGM resolutions. A dividend date becomes final when the board confirms it.

Source: Harvia Plc financial calendar 2026

Upcoming3

  • OCT 19MON

    Dividend record date, second installment

    EUR 0.38 per share, subject to the board's October 15 decision

    Dividend
  • OCT 26MON

    Dividend payment, second installment

    EUR 0.38 per share, subject to the board's October 15 decision

    Dividend
  • OCT 29THU

    Interim report, January to September 2026

    Q3 2026, published around 09:00 Finnish time

    Report

Past18

  • AUG 062026

    Half-year report, January to June 2026

    Q2 revenue EUR 52.8M, up 11.7%

    Report
  • MAY 072026

    Interim report, January to March 2026

    Q1 revenue EUR 58.6M, up 12.7%

    Report
  • APR 242026

    Dividend payment, first installment

    EUR 0.39 per share

    Dividend
  • APR 172026

    Dividend record date, first installment

    EUR 0.39 per share

    Dividend
  • APR 152026

    Annual General Meeting 2026

    Helsinki. Dividend of EUR 0.77 per share approved

    Meeting
  • FEB 122026

    Financial statements bulletin 2025

    FY revenue EUR 198.9M

    Report
  • NOV 062025

    Interim report, January to September 2025

    Q3 revenue EUR 46.0M, up 18.8%

    Report
  • OCT 282025

    Dividend payment, second installment for 2024

    EUR 0.37 per share

    Dividend
Earlier dates (10)Fewer dates
  • AUG 072025

    Half-year report, January to June 2025

    H1 revenue EUR 99.3M, up 16.0% at comparable exchange rates

    Report
  • MAY 082025

    Interim report, January to March 2025

    Q1 revenue EUR 52.0M, up 22.7%

    Report
  • APR 172025

    Dividend payment, first installment for 2024

    EUR 0.38 per share

    Dividend
  • FEB 132025

    Financial statements bulletin 2024

    FY revenue EUR 175.2M

    Report
  • NOV 072024

    Interim report, January to September 2024

    Q3 revenue EUR 38.7M, up 14.0%, the first quarter with ThermaSol

    Report
  • AUG 082024

    Half-year report, January to June 2024

    Q2 revenue EUR 43.2M, up 20.7%

    Report
  • MAY 292024

    Capital Markets Day 2024

    Long-term revenue growth target doubled to 10% a year

    Strategy
  • MAY 032024

    Interim report, January to March 2024

    Q1 revenue EUR 42.4M, up 2.3%

    Report
  • FEB 082024

    Financial statements bulletin 2023

    FY revenue EUR 150.5M, back to growth in Q4

    Report
  • FEB 092023

    Financial statements bulletin 2022

    FY revenue EUR 172.4M

    Report
05

Annual results

Revenue and adjusted operating profit since 2020, as Harvia reports them.

Swipe for all columns →

Harvia Plc annual revenue, adjusted operating profit and adjusted operating margin, 2020 to 2025, in EUR million.
YearRevenueEUR MAdj. operating profitEUR MAdj. margin%The yearSource
2020109.124.422.4%Majority of EOS Group acquired.Annual report 2024
2021179.147.326.4%Kirami acquired in May.Annual report 2024
2022172.436.521.1%Revenue down 3.7%. Remaining EOS minority bought in July. Our story Annual report 2024
2023150.533.722.4%Revenue down 12.7%, back to growth in Q4. Our story Annual report 2024
2024175.237.121.2%Revenue up 16.4%. ThermaSol acquired in July. Our story Annual report 2024
2025198.939.119.6%Revenue up 13.5%. Q4 revenue of EUR 53.7 million. Our story Bulletin, Feb 12, 2026

Figures for 2020 to 2024 are from the five-year key figures in the Harvia Plc Annual Report 2024; 2025 is from the Harvia financial statements bulletin 2025, published Feb 12, 2026. Adjusted figures exclude items affecting comparability. The bars show revenue on one scale; the latest year is in orange.

06

The group

Seven deals since 2016, and the five brands Harvia sells under today.

Acquisitions

  1. 2016

    Sentiotec

    WolfurtAT

    Infrared and wellness technology, sold in Central Europe.

  2. 2018

    Almost Heaven Saunas

    Renick, West VirginiaUS

    Barrel and kit saunas, bought for about EUR 4 million.

  3. 2020

    EOS Group, majority stake

    DriedorfDE

    Premium commercial heaters and spa controls. Harvia bought 78.6% of the holding company.

  4. 2021

    Kirami

    SastamalaFI

    Wood-heated and electric hot tubs. EUR 7 million at closing, plus up to EUR 4 million on performance.

  5. 2022

    EOS Group, remaining 21.4%

    DriedorfDE

    Harvia takes full ownership of the German holding company.

  6. 2023

    Phoenix El-Mec

    BellunoIT

    Electromechanical timer switches, a Harvia supplier for ten years before the deal.

  7. 2024

    ThermaSol

    Round Rock, TexasUS

    Residential steam and smart-shower controls, for USD 30.4 million.

Brands today

  • Harvia (opens the brand's site)Master brand

    The main brand, from entry-level to premium homes and commercial rooms.

  • EOS (opens the brand's site)Master brand

    Premium commercial and spa equipment, made in Germany.

  • Almost Heaven Saunas (opens the brand's site)Regional

    Barrel and kit saunas for North America, made in West Virginia.

  • ThermaSol (opens the brand's site)Regional

    US residential steam and smart-shower controls.

  • Kirami (opens the brand's site)Regional

    Scandinavian hot tubs and saunas, made in Finland.

Brand structure: Harvia Plc Annual Report 2024.

07

Products

Specs, sizing, and what Harvia has said about each product.

  • P.01Flagship

    Cilindro PC series (electric)

    Harvia Cilindro (Electric)

    Harvia's pillar-format electric heater with an open stainless stone lattice

  • P.02Flagship

    Cilindro WKPC16 / WKPC20

    Harvia Cilindro Wood-Burning

    The 75th anniversary wood-fired pillar. Launched January 2025.

  • P.03Commercial

    Virta Pro HL series

    Harvia Virta Pro

    Commercial electric workhorse for hotels, gyms, and spa operators

  • P.04Mid-range

    Spirit SP series

    Harvia Spirit

    Wall-mount residential heater with 110 lbs of stone and WiFi

  • P.05Entry

    Vega BC series

    Harvia Vega

    Harvia's compact entry-level wall heater

  • P.06Premium

    Forte AF series

    Harvia Forte

    Heat-storing "Ever-Ready" heater that keeps its stones warm between sessions

  • P.07Flagship

    Legend 150 / 240 / 240SL

    Harvia Legend

    Harvia's flagship wood-burning heater line

  • P.08Commercial

    Pro 20 / Pro 36 (WK-series)

    Harvia Pro 20 / Pro 36

    Commercial wood-burning stoves for large public saunas

  • P.09Flagship

    Xenio CX / Fenix FX

    Harvia Xenio & Fenix

    Smart-control platform: Xenio installed base, Fenix 2025 flagship

  • P.10Premium

    MyHarvia Smart Sensor

    MyHarvia Smart Sauna Sensor

    A retrofit smart sensor that Harvia says turns any sauna, even a wood-burning one, into a connected sauna

  • P.11Mid-range

    KIP 45 / KIP 60 / KIP 80 (JH-series, US; HBK-series, EU)

    Harvia KIP

    The wall-mounted workhorse electric heater Harvia has been building since the 1980s

  • P.12Commercial

    Harvia 50 / WK500

    Harvia 50 (Wood-Burning)

    The 40 kW commercial wood-fired stove sized for large public saunas

  • P.13Premium

    Frosty

    Harvia Frosty Cold Tub

    The oval cold plunge Harvia launched in 2023 for hot-cold alternation at home

  • P.14Premium

    EOS Structure

    EOS Structure

    The matte-black rod-structure design heater from EOS Driedorf

  • P.15Mid-range

    Söpö

    Harvia Söpö Sauna Cabins

    Harvia's home sauna cabin line for Japan, launched in 2023

  • All Harvia products (opens in a new tab)
08

At events

Where Harvia sponsors or exhibits next, and its role there.

All events
  • OCT 05TO OCT 25

    Sauna Fest 2026 at Therme București

    Sauna Village exhibitor, October 16 to 25.

    Balotești

    Balotești

    RO
    FestivalRO
  • OCT 06TO OCT 08

    Interbad 2026

    Exhibitor, Hall 1 stand 1C54, sharing the stand with its EOS subsidiary.

    Stuttgart

    Stuttgart

    DE
    Trade showDE
  • NOV 17TO NOV 20

    Piscine Global 2026

    Exhibitor, stand 6C40, sharing the stand with its EOS subsidiary.

    Chassieu

    Chassieu

    FR
    Trade showFR
09

Coverage

48 SaunaNews stories on Harvia and its brands, back to the 2018 IPO.

Harvia company page
No.DateStorySectionRead
  1. 01Apr 24

    Harvia Is Phasing Out a Xenio WiFi Kit, and Fenix Remote Start Needs a One-Time Paid Upgrade

    MakersAnalysis
    Makers
    8 min
  2. 02Apr 15

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

    MakersNews
    Makers
    5 min
  3. 03Feb 12

    Harvia FY 2025 Revenue Hits EUR 198.9M, Just Short of EUR 200M; Adjusted EBIT 19.6%

    MakersNews
    Makers
    7 min
  4. 04Nov 06 2025

    Harvia Q3 2025: Revenue Up 18.8% as All Regions Grow

    MakersNews
    Makers
    5 min
  5. 05Nov 06 2025

    Harvia Launches New Fenix Full-Touch Controller and MyHarvia 2 App

    MakersNews
    Makers
    5 min
  6. 06Nov 06 2025

    Harvia Sponsors Aufguss World Championships 2025 in Verona, Powered by EOS

    MakersAnalysis
    Makers
    4 min
  7. 07Nov 06 2025

    Harvia Appoints Nathan Hagemeier Head of North America After Jennifer Thayer’s Exit

    MakersNews
    Makers
    4 min
  8. 08Aug 07 2025

    Harvia H1 2025: Revenue Up 16%, North America Grows 35%

    MakersNews
    Makers
    5 min
  9. 09May 07 2025

    Harvia Posts Record Q1 Revenue After ThermaSol Integration Accelerates Growth

    MakersNews
    Makers
    6 min
  10. 10Feb 13 2025

    Harvia Posts Record Q4 and FY 2024 Results: Revenue Hits EUR 175.2M

    MakersNews
    Makers
    6 min
  11. 11Nov 07 2024

    Harvia Q3 2024: ThermaSol Consolidates for the First Time, Revenue Up 14%

    MakersAnalysis
    Makers
    6 min
  12. 12Aug 08 2024

    Harvia H1 2024: Q2 Revenue Jumps 20.7% as Strike Catch-up Lands

    MakersAnalysis
    Makers
    7 min
31 more storiesFewer stories
  1. 13Jul 23 2024

    Harvia to Acquire ThermaSol for USD 30.4 Million, Bolting On US Steam

    MakersNews
    Makers
    5 min
  2. 14Jun 04 2024

    Inside Harvia’s Five-Factory Global Manufacturing Network

    MakersAnalysis
    Makers
    8 min
  3. 15May 29 2024

    Inside Harvia’s Capital Markets Day 2024: The Strategy Behind a 10% Growth Target

    MakersAnalysis
    Makers
    11 min
  4. 16May 03 2024

    Harvia Q1 2024: Revenue Up 2.3%, Margin Holds at 23.8%

    MakersAnalysis
    Makers
    6 min
  5. 17Feb 08 2024

    Harvia FY 2023: Back to Growth in Q4 After a Year of Destocking

    MakersAnalysis
    Makers
    7 min
  6. 18Sep 29 2023

    Harvia Acquires Italian Timer Switch Maker Phoenix El-Mec to Secure Supply Chain

    MakersNews
    Makers
    4 min
  7. 19Feb 09 2023

    Harvia FY 2022: Revenue Down 3.7% as Pandemic Demand Normalizes

    MakersAnalysis
    Makers
    7 min
  8. 20May 28 2021

    Harvia Acquires Kirami, Adding Wood-Fired Hot Tubs to Its Portfolio

    MakersNews
    Makers
    4 min
  9. 21Mar 18 2020

    Harvia Acquires Majority Stake in Germany’s EOS Group

    MakersNews
    Makers
    5 min
  10. 22Dec 21 2018

    Harvia Acquires Almost Heaven Saunas, Planting a US Flag in West Virginia

    MakersNews
    Makers
    4 min
  11. 23Mar 22 2018

    Harvia Debuts on Nasdaq Helsinki at EUR 5.00, IPO Oversubscribed

    MakersNews
    Makers
    5 min

Stories on EOS, ThermaSol, Kirami and Almost Heaven

  1. 24Sep 30

    Therme Bucharest’s Sauna Fest Draws Aufguss Masters From 29 Countries

    PlacesBrief
    Places
    3 min
  2. 25Sep 29

    14 of 16 Bathhouse and Thermal Sites Open 5+ Years Report $300K+ a Month; 1 of 9 New Ones Does

    MarketsAnalysis
    Markets
    4 min
  3. 26Sep 26

    SaunaShare, Inc. Buys SaunaNews.com and Plans to Grow the Sauna Trade’s Newsroom

    MarketsNews
    Markets
    8 min
  4. 27Aug 23

    Finished Canadian Saunas Miss the 50% Tariff List; Their Cedar Cladding Doesn’t

    TradeAnalysis
    Trade
    14 min
  5. 28Aug 08

    EOS Is Shipping a 120 kW Gas Heater to Bathhouse Philadelphia. Nothing Sold in the US Comes Close.

    Launches
    Launches
    4 min
  6. 29Aug 02

    Fired in the Yard, Rolled Indoors: The Smoke Sauna Design That Could Travel to America

    MarketsAnalysis
    Markets
    11 min
  7. 30Aug 02

    Europe Took July Off. US Sauna Dealers Are Still Waiting on the Parts.

    TradeAnalysis
    Trade
    7 min
  8. 31Aug 01

    A Wisconsin Sauna Builder Just Published Its Prices. Most of the Trade Still Won’t.

    MakersAnalysis
    Makers
    6 min
  9. 32Jul 03

    Ceramic Sauna Stones Outlast Natural, and a Researcher Calls the Bans Unjustified

    MarketsAnalysis
    Markets
    6 min
  10. 33Jun 03

    Leisurecraft Launches CT Element Indoor Sauna with Thermo Grandis Wood

    Launches
    Launches
    8 min
  11. 34May 09

    Tulikivi’s Russia Exit Clears Saunologia Condition as Kevo Heater Targets America

    MakersBrief
    Makers
    8 min
  12. 35May 08

    Aufguss USA Nationals 2026 Returns With Doubled Field and Expanded Path to World Championships

    PlacesAnalysis
    Places
    6 min
  13. 36May 08

    EOS to Unveil Morpheus Pro Commercial Heater in May 21 Webinar

    LaunchesNews
    Launches
    4 min
  14. 37Apr 16

    Après-Ski Is Getting a Sauna Upgrade in America’s Best Ski Town

    PlacesAnalysis
    Places
    8 min
  15. 38Apr 13

    Your Sauna Session Mobilizes Your Immune System. Finnish Researchers Just Mapped How.

    Research & cultureAnalysis
    Research & culture
    7 min
  16. 39Apr 13

    Can Americans Get Past the Costco Sauna Phase?

    CommentaryAnalysis
    Commentary
    8 min
  17. 40Apr 11

    The New UL Sauna Heater Standard Is Here. The Building Code Isn’t Ready.

    MarketsAnalysis
    Markets
    12 min
  18. 41Mar 15

    Which Sauna Brands Are Most Exposed to US Tariff Increases?

    TradeAnalysis
    Trade
    6 min
  19. 42Nov 06 2025

    ThermaSol Solaris Named One of TIME Magazine’s Best Inventions of 2025

    MakersNews
    Makers
    5 min
  20. 43Nov 06 2025

    ThermaSol Launches Premium North American Sauna Line: Astra, Fortis, Ombra

    MakersNews
    Makers
    4 min
10

Questions

Short answers, each with its source.

01Where is Harvia listed?

Harvia Plc is listed on Nasdaq Helsinki under the ticker HARVIA (ISIN FI4000306873), in the Mid Cap segment. Its IPO priced at EUR 5.00 per share on March 22, 2018, valuing the company at about EUR 93.5 million.

Source: Harvia Plc Annual Report 2024; SaunaNews, March 22, 2018

02Where is Harvia based?

Harvia has its headquarters and its largest production facilities in Muurame, Finland. The company traces its start to 1950, when Tapani Harvia made his first wood-burning heaters, and moved to Muurame in the early 1970s.

Source: Harvia's story and Annual Report 2024, Harvia Plc

03How big is Harvia?

Harvia reported revenue of EUR 198.9 million for 2025, up 13.5%, and an adjusted operating profit of EUR 39.1 million, or 19.6% of revenue. It employed 806 people at the end of June 2026. It makes products in Finland, Germany, China, the United States, Romania and Italy.

Source: Harvia financial statements bulletin, February 12, 2026; half-year review, August 6, 2026; Report by the Board of Directors 2025

04What is Harvia's 2026 reporting schedule?

Harvia published its financial statements bulletin for 2025 on February 12, its Q1 2026 interim report on May 7 and its half-year report on August 6, 2026. Its interim report for January to September 2026 is scheduled for October 29, 2026.

Source: Harvia Plc financial calendar 2026

05What brands does Harvia own?

Harvia describes two global master brands, Harvia and EOS, and three regional and tactical brands: Almost Heaven Saunas, ThermaSol and Kirami.

Source: Harvia Plc Annual Report 2024

06What is Harvia's dividend?

Harvia's 2026 AGM approved a total dividend of EUR 0.77 per share for 2025, up from EUR 0.75 for 2024. The first installment of EUR 0.39 was paid on April 24, 2026 (record date April 17). The second installment of EUR 0.38 is expected on October 26, 2026 (record date October 19), subject to a board decision on October 15.

Source: Harvia financial statements bulletin, February 12, 2026; AGM resolutions, April 15, 2026

This page summarizes public information about Harvia Plc for editorial purposes. It is not investment advice, a solicitation, or an offer to buy or sell securities. Figures last checked against Harvia's releases on Sep 25, 2026.

The SaunaNews Weekly

One email.The whole sauna week.

Launches, openings, company moves, standards, and research, each with its source.

  1. 01What changed: launches, openings, company moves, and results
  2. 02The numbers that moved, each with its source
  3. 03Coming up: trade shows, competitions, and standards dates

Free. Weekly. Easy to leave.