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    HARVIA   FI4000306873

HARVIA OYJ

(HARVIA)
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Harvia Enters Japan Sauna and Spa Market with an Exclusive Distribution Agreement with Bergman Ltd

10/18/2021 | 06:25am EST

Harvia Plc has signed up an exclusive distribution agreement with Bergman Ltd, of Tokyo, Japan, for its Harvia and Almost Heaven Saunas brands on the 12th of October 2021. Bergman has more than 20 years of experience in marketing and selling branded European heating devices in Japan. The company has strong engineering and technical knowledge in design, installation, and after-sales services. Bergman’s sales & marketing network operate nationwide focusing on commercial projects, condominium and private houses on the consumer market. The company, which has headquarters in Tokyo, plans to open 50 Harvia Sauna & Spa showrooms in Japan within the next 3 years. There are an estimated 26 million sauna users, equivalent to 20% of the total population in Japan. 3.4 million are heavy sauna users, the local term “saunners”, experiencing sauna several times per week. Sauna lifestyle with its health effects has become increasingly popular in Japan since the COVID-19 pandemic started. The distribution partnership with Bergman will help Harvia to continue the expand its geographical presence with an opportunity to grow the average purchase.


ę S&P Capital IQ 2021
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Financials
Sales 2021 181 M 204 M 204 M
Net income 2021 33,4 M 37,7 M 37,7 M
Net Debt 2021 29,4 M 33,2 M 33,2 M
P/E ratio 2021 31,7x
Yield 2021 1,81%
Capitalization 1 055 M 1 186 M 1 191 M
EV / Sales 2021 5,99x
EV / Sales 2022 4,82x
Nbr of Employees 810
Free-Float 82,0%
Chart HARVIA OYJ
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Harvia Oyj Technical Analysis Chart | HARVIA | FI4000306873 | MarketScreener
Technical analysis trends HARVIA OYJ
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 56,50 €
Average target price 65,00 €
Spread / Average Target 15,0%
EPS Revisions
Managers and Directors
Tapio Olavi Pajuharju Chief Executive Officer
Ari Vesterinen Chief Financial Officer
Olli Juhani Liitola Chairman
Timo Harvia Director-Quality, Research & Development
Mika Suoja Director-Operations & Sourcing
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