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

Q3 2022 Harvia Oyj Earnings Call Transcript

Nov 03, 2022 / 09:00AM GMT

Release Date Price: €15.44 (+8.43%)

Transcript

Tapio Pajuharju

Harvia Oyj - CEO

Welcome on board on Harvia Q3 reporting. My name is Tapio Pajuharju, I'm the CEO, and next to me, we have Ari Vesterinen, our CFO.

I think all of you have been following us and realize it's not been an easy quarter, but I think we've been doing a good job going forward. And I think the company, as such, is in a good [status], the market is in a good shape. So we'll take a bit of a deeper dive on where we are.

I think, first of all, just look at the highlights, I think even in the unfavorable market conditions, Team Harvia and all the brands have been able to gain market share. That's very good. And then I think on the protecting the profitability, the team has done an excellent job in that respect, and we are in a good shape. And then I think in the outlook on the healing with the heat and the sauna penetration globally, I think market has not changed. I think we have the same targets we have had, and that's where we are heading in the future as well.

I think we've been not immune to the Russian invasion of Ukraine, and I think we have been

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