Harvia PLC (FRA:G1U)

€ 38.1 -0.6 (-1.55%) Market Cap: 713.96 Mil Enterprise Value: 740.44 Mil PE Ratio: 29.12 PB Ratio: 6.12 GF Score: 80/100

Q4 2021 Harvia Oyj Earnings Call Transcript

Feb 10, 2022 / 09:00AM GMT

Transcript

Tapio Pajuharju

Harvia Oyj - CEO

Hello, again. And sorry for the technical problems and challenges. My name is Tapio Pajuharju. I'm the CEO of the company. And next to me, we have Ari Vesterinen, our CFO. I think the technical team maybe got carried away when Finland finally got some medals in the Olympics and they forgot that we have a live show to perform. So sorry for that.

But all in all, let's go to the topics of today. We are very happy and proud of what the team Harvia has been achieving. It's all-time best top line with an excellent profitability. And the strong revenue growth continued during the Q4 in all of the markets and in all of the product categories, we did experience some of capacity issues and availability, mainly in the sauna rooms as well as on some of the electronics and control units. All in all, we have gained market share in all of the markets. And as a totality, Harvia became the #1 in the sauna spa market globally, an excellent achievement in that respect.

Then on the finishing of the year, especially for the sauna rooms for some of the professional and

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