)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Harvia (HARVIA) investor relations material
Harvia Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue grew 18.8% year-over-year to EUR 46 million, with 16.1% organic growth and all regions contributing; North America and APAC & MEA led gains.
Adjusted operating profit was EUR 8.8 million (19.1% margin), slightly below long-term target, with profitability up from Q2 but gross margin pressured by tariffs and FX.
Investments continued in operational efficiency, capacity expansion, product development, and digital innovation, including site upgrades in Germany and the U.S.
Strategic focus remains on commercial excellence, pricing, sourcing, and operational efficiency to manage volatility and cost pressures.
New product launches included the MyHarvia app, Fenix control panel, and premium sauna models for North America.
Financial highlights
Q3 revenue: EUR 46 million (+18.8% YoY); 9M revenue: EUR 145.2 million (+16.9% YoY).
Adjusted operating profit Q3: EUR 8.8 million (19.1% margin); 9M: EUR 28.6 million (19.7% margin).
Adjusted EBITDA Q3: EUR 10.6 million (23.1% margin); 9M: EUR 34.1 million (23.5% margin).
Operating free cash flow Q3: -EUR 0.6 million; 9M: EUR 13.2 million.
Basic EPS Q3: EUR 0.33 (+11.9% YoY); 9M: EUR 1.01 (flat YoY).
Outlook and guidance
Focused on executing strategy for long-term growth and commercial excellence, with no short-term outlook published.
Q4 expected to benefit from inventory build and campaign participation, with less aggressive campaigns to support margins.
Price increases to offset tariffs are being implemented, with full impact expected over the next six months.
CapEx expected to decline in 2026 after elevated levels in 2024 and 2025.
Dividend policy targets regularly increasing, bi-annual payouts.
Q3 cash flow: Detail investment impact.
Path to >20% adjusted operating margin?
US tariff mitigation strategy effectiveness?
When will tariff price increases fully impact margins?
How to monetize the existing sauna installed base?
APAC full solutions: capacity or M&A plans?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Harvia earnings date
Q4 202512 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Harvia Oyj engages in the manufacture and sale of sauna products. Its products include sauna heaters and accessories, steam generators, control panels, sauna benches and parts, steam generator kits and steam room package, infrared rooms and equipment, fireplaces and barbecues, foot baths, lighting solutions and lamps, solariums and parts. The company was founded by Tuomo Harvia in 1950 and is headquartered in Pieksamaki Finland.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage