Preview Q4 - Harvia: Combining Organic Growth with Successful M&A
Underlying momentum should continue into FY25 and beyond
Tomorrow, before the market opens, Harvia will release its Q4 and FY 2024 report. In this article, we’ll share our valuation model adjusted for the recent FX movements (mainly EUR/USD) and recap the main drives of the investment case. Harvia was highlighted in our favorite stocks for 2025 (and well beyond).
We’ve covered the recent and long-term trends in our extensive September deep dive, which also shed light on our base case valuation model. Interestingly, it’s our most-read deep dive thus far.
