Q3 2025 Harvia Oyj Earnings Call Transcript
Key Points
- Harvia PLC (HRVFF) reported a 19% top-line growth and a 19% adjusted EBITDA margin for Q3 2025.
- The company achieved double-digit growth across all four geographical sales regions, including a strong recovery in North America.
- Harvia PLC (HRVFF) is investing in long-term growth through product development, brand building, and operational efficiency.
- The company launched innovative products like the Harvia Phoenix control unit and MyHarvia smartphone app, enhancing user experience and energy efficiency.
- Harvia PLC (HRVFF) received recognition from Time magazine for its solar-powered sauna, highlighting its commitment to sustainable solutions.
- The operating profit margin was impacted by higher costs of goods sold due to tariffs and currency exchange rates.
- Operating free cash flow was negative at EUR600,000 for the quarter, attributed to seasonal inventory build-up.
- The company faces challenges with increased tariffs on heating equipment sold in the United States.
- Harvia PLC (HRVFF) experienced a lower percentage of profitability compared to the previous year due to increased material and external service costs.
- The company anticipates potential margin pressure in Q4 due to aggressive campaigns and price competition.
Hello everyone and welcome to Harviaâs third quarter 25' earnings webcast. My name is Matthias Jahrenfeld. I am the CEO of the company and with me I have Ari Vesterinen, our Chief Financial Officer. Hello. I will first start by taking you through the highlights of quarter three in terms of business and financial performance, and I will also talk a bit about our strategy implementation. After that, Arri will continue and will share more detail on our financial performance and numbers, after which we are very happy to get your questions.
So let's start and summarize quarter three. This time it's actually very easy. We can summarize even with just one number, 19. So 19% top-line growth at 19% adjusted EBITDA margin. So essentially when we talk about the top-line, we delivered EUR46 million and that's a set 19% growth versus the comparison period in terms of comparable exchange rates, that's 22% growth from last year. Organic growth was solid double-digit at 16%. We're very pleased that the growth was broad based.
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