Harvia Results Q2 2026: Revenue, Profit and Margins

Latest report: Harvia half-year report Jan–Jun 2026, published August 6, 2026

In Q2 2026, Harvia’s revenue was €52.8 million, up 11.7% from Q2 2025. Operating profit was €8.4 million, an operating margin of 15.9% (Q2 2025: 16.1%). Net income for the period was €5.6 million and earnings per share €0.30.

Harvia: Where the revenue went, Q2 '26, EUR million. Source: Harvia half-year report Jan–Jun 2026.
Harvia: Where the revenue went · Q2 '26, EUR million
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Key figures for Q2 2026

Harvia key figures, Q2 2026 vs Q2 2025
Q2 2026Q2 2025Change
Revenue, €M52.847.3+11.7%
Operating profit, €M8.47.6+10.2%
Operating margin15.9%16.1%−0.2 pp
Adjusted operating profit, €M8.68.2+4.8%
Net income, €M5.64.4+27.6%
Net margin10.6%9.3%+1.3 pp
Earnings per share€0.30€0.23+30.4%

Harvia in charts

Harvia: From revenue to net income, Q2 '26, EUR million. Source: Harvia half-year report Jan–Jun 2026.
Harvia: From revenue to net income · Q2 '26, EUR million
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Harvia: What drove the change in operating profit, Q2 '25 → Q2 '26, EUR million. Source: Harvia half-year report Jan–Jun 2026.
Harvia: What drove the change in operating profit · Q2 '25 → Q2 '26, EUR million
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Harvia: Revenue by region, Quarterly, EUR million. Source: Harvia half-year report Jan–Jun 2026.
Harvia: Revenue by region · Quarterly, EUR million
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Harvia: Revenue by product group, Quarterly, EUR million. Source: Harvia half-year report Jan–Jun 2026.
Harvia: Revenue by product group · Quarterly, EUR million
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Harvia: Profitability, Quarterly, % of revenue. Source: Harvia half-year report Jan–Jun 2026.
Harvia: Profitability · Quarterly, % of revenue
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Harvia: Revenue trend, Quarterly, EUR million. Source: Harvia half-year report Jan–Jun 2026.
Harvia: Revenue trend · Quarterly, EUR million
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Harvia: Operating profit trend, Quarterly, EUR million. Source: Harvia half-year report Jan–Jun 2026.
Harvia: Operating profit trend · Quarterly, EUR million
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Harvia: Revenue and earnings, last twelve months, Rolling four-quarter sum, EUR million. Source: Harvia half-year report Jan–Jun 2026.
Harvia: Revenue and earnings, last twelve months · Rolling four-quarter sum, EUR million
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Harvia: Earnings per share, Quarterly, EUR. Source: Harvia half-year report Jan–Jun 2026.
Harvia: Earnings per share · Quarterly, EUR
Embed this chart

Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

Quarterly results

Harvia quarterly results (€M unless stated)
QuarterRevenueChange y/yOperating profitOperating marginNet incomeEPS
Q2 202652.8+11.7%8.415.9%5.6€0.30
Q1 202658.6+12.7%12.821.9%9.3€0.50
Q4 202553.7+5.3%10.419.3%7.6€0.40
Q3 202546.0+18.8%8.718.9%6.0€0.33
Q2 202547.3+9.4%7.616.1%4.4€0.23
Q1 202552.0+22.7%11.922.9%8.4€0.45
Q4 202451.0+29.3%8.416.5%5.4€0.29
Q3 202438.7+14.0%8.321.4%5.5€0.29

Annual results

Harvia annual results (€M unless stated)
YearRevenueOperating profitOperating marginNet incomeEPS
2025198.938.319.3%26.4€1.41
2024175.235.520.3%24.2€1.30
2023150.533.021.9%23.3€1.25

Revenue by region

Harvia revenue by region, Q2 2026 vs Q2 2025 (€M)
RegionQ2 2026Q2 2025Change
APAC & MEA6.16.4−4.9%
North America23.016.6+38.6%
Northern Europe11.311.5−1.7%
Continental Europe12.412.8−2.9%

Revenue by product

Harvia revenue by product, Q2 2026 vs Q2 2025 (€M)
ProductQ2 2026Q2 2025Change
Steam products4.04.7−13.8%
Saunas and hot tubs15.810.9+44.0%
Heating equipment25.625.1+1.8%
Accessories and heater stones3.83.1+22.8%
Spare parts and services3.63.4+6.6%

Dividends

Harvia dividend per share by financial year
Financial yearDividend per shareEPSPayout ratioStatusSource
2025€0.77€1.4154.6%Board proposalRelease
2024€0.75€1.3057.7%Decided by the AGMRelease

“Board proposal” is the dividend the board proposed in the financial statements release. The annual general meeting usually approves it, but check the company’s AGM release for the final decision. Payout ratio is dividend per share divided by basic earnings per share (payout ratio calculator); N/M means not meaningful (loss).

Calculate it yourself

About Harvia

Harvia is a Finnish sauna and spa company. It makes sauna heaters, saunas, steam generators and hot tubs and sells them worldwide.

Sources
  1. Harvia half-year report Jan–Jun 2026, published Aug 6, 2026
  2. Harvia interim report Jan–Mar 2026, published May 7, 2026
  3. Harvia financial statements release 2025, published Feb 12, 2026
  4. Harvia interim report Jan–Sep 2025, published Nov 6, 2025
  5. Harvia half-year report Jan–Jun 2025, published Aug 7, 2025
  6. Harvia interim report Jan–Mar 2025, published May 7, 2025
  7. Harvia financial statements release 2024, published Feb 13, 2025
  8. Harvia interim report Jan–Sep 2024, published Nov 7, 2024
  9. Harvia half-year report Jan–Jun 2024, published Aug 8, 2024

About these figures. All figures come from Harvia’s published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.