Q1 2025 - Harvia - Full Analysis
Excellent profitability, mid-teens percent organic growth, and driving product newness
Today, before the bell, Harvia reported its Q1 results. At the time of writing, the stock’s up a staggering 11.5%. For those who’re new to Harvia, we’ve shared two deep dives: a total overview and a discussion on recent trends (tariffs, recession).
Commenting on the set of results, CEO Järnefelt shared his view on the current macro volatility:
Overall uncertainty arising from the global economy and trade policies increased in the first quarter, but this had only a limited impact on the sauna market conditions and Harvia’s performance. In North America, market demand remained strong as the high-demand winter season progressed.
Let’s review the quarter in more detail, including the conference call remarks.