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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Harvia
Harvia (HARVIA) investor relations material
Harvia Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue rose 17.0% YoY to EUR 53.9m, all organic, with growth in every region; ~EUR 4m of deliveries shifted from Q2 supported the increase.
Adjusted operating profit increased 7.9% to EUR 9.5m, while margin fell to 17.7% from 19.1%, amid higher indirect costs and an accounting adjustment.
Long-term sauna-market prospects remained favorable despite macroeconomic and geopolitical uncertainty.
Financial highlights
Q3 revenue was EUR 53.9m, up 17.0% YoY and 16.2% at comparable exchange rates; all growth was organic.
Q3 adjusted EBITDA rose 10.4% to EUR 11.7m; adjusted operating profit rose 7.9% to EUR 9.5m.
9M revenue increased 13.8% to EUR 165.2m; adjusted operating profit rose 8.3% to EUR 31.0m.
Q3 basic EPS was EUR 0.37, up 12.7%; 9M basic EPS was EUR 1.16, up 15.2%.
Q3 North America accounting adjustment reduced revenue by EUR 0.7m and adjusted operating profit by EUR 0.8m.
Outlook and guidance
Long-term targets: average annual revenue growth of 10%, adjusted operating profit margin above 20%, and net debt/adjusted EBITDA below 2.5x.
More than 10 product innovations were developed, with launches scheduled for Q4 2026 and Q1 2027.
The global sauna market is expected to grow faster than its historical 5% annual average over the next five years.
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Latest events from Harvia
- Double-digit revenue growth in H1 2026, led by North America, with resilient margins.HARVIA
Q2 2026 - Record Q1 revenue and strong margins, with temporary Q2 delivery shift due to IT upgrades.HARVIAQ1 2026
- Revenue up 13.5% to EUR 198.9M, margin 19.6%, dividend proposed at EUR 0.77 per share.HARVIAQ4 2025
- Acquisition of ThermaSol boosts steam segment growth and North American market leadership.HARVIAM&A Presentation
- Q3 2025 revenue rose 18.8% year-over-year, led by strong growth in North America and APAC & MEA.HARVIAQ3 2025
- Q3 revenue up 14%, profit up 28.8%, led by North America and ThermaSol acquisition.HARVIAQ3 2024
- Q2 revenue up 20.7% with strong North America growth and ThermaSol acquisition completed.HARVIAQ2 2024
- Q1 2025 revenue up 22.7%, led by North America and steam products; profitability and market share rose.HARVIAQ1 2025
- Record revenue growth in 2024, led by North America and steam products, with strong cash flow.HARVIAQ4 2024
Next Harvia earnings date
Q4 202610 Feb, 2027
Harvia
Next Harvia earnings date
Q4 202610 Feb, 2027
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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.