Q2 2026 - Harvia - Full Analysis

>70% growth on a two-year stack in North America, fwd. annualized returns still above 18%

With 70% ex. FX growth on a two-year stack in the most important region, Harvia continues to build on its long-term track record of profitable growth. With forward annualized TSR still above 18%, there’s still a lot of long-term value in the stock.

Commenting on the results, the CEO stated:

One of the biggest challenges we as a company have is actually keep up with the growth. Demand for our products is on a very good level, and ability to keep growing significant numbers and do it in a productive and profitable manner is one of the key priorities of the management.