Harvia is a global leader in the sauna and spa market. Harvia’s revenue in 2023 amounted to EUR 150.5 million with an adjusted operating profit of EUR 33.7 million.
Our key strategic priorities are
1. Increasing the value of the average purchase
2. Geographical expansion
3. Improving our productivity
Financial targets
In 2023, our revenue decreased by 12.7%, adjusted operating profit was 22.4% and the net debt/ adjusted EBITDA ratio was 0.9. Our long-term financial targets are:
- GROWTH: An annual average revenue growth of more than 5%
- PROFITABILITY: Adjusted operating profit margin exceeding 20%
- LEVERAGE: Net debt per adjusted EBITDA in the range of 1.5x–2.5x¹
¹ Does not take into account the effect of future changes in IFRS standards.
Financial key figures