Harvia's Q3 revenue grows 17% but profitability weakens
Adjusted operating profit is EUR 9.5 million, 17.7% of revenue; all growth organic, with an accounting adjustment reducing profit by EUR 0.8 million.
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Finnish sauna and spa products manufacturer
harvia.comLast updated
In short: Harvia reported 17% Q3 revenue growth as organic expansion spanned all regions
Adjusted operating profit is EUR 9.5 million, 17.7% of revenue; all growth organic, with an accounting adjustment reducing profit by EUR 0.8 million.
An English webcast for analysts, investors, and media follows at 11:00 am EET on October 29.
Adjusted operating profit rises 4.8% to EUR 8.6 million, but margin falls to 16.2% as a major IT project postpones about EUR 4 million of deliveries.
Revenue rises 12.7% to EUR 58.6 million and adjusted operating profit reaches EUR 12.9 million, 22.0% of revenue.
Harvia's profitability in the third quarter was weighed down by an accounting adjustment made in North America related to the timing of revenue and cost recognition.
This press release is a summary of Harvia Oyj's quarterly report for the period January–September 2026. The full report is attached to this press release in PDF format and is also available on Harvia's website at address...
Harvia's revenue growth was supported particularly by strong North American demand, although the information system renewal at the Muurame factory postponed deliveries to the following quarter.
This release is a summary of Harvia Oyj's half-year report for January-June 2026. The full report is attached to this release in PDF format and is also available on Harvia's website at https://harviagroup.com/ .
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