Harvia PLC (OHEL:HARVIA)
€ 42.85 0.05 (0.12%) Market Cap: 800.40 Mil Enterprise Value: 862.20 Mil PE Ratio: 31.05 PB Ratio: 7.05 GF Score: 80/100

Q4 2023 Harvia Oyj Earnings Call Transcript

Feb 08, 2024 / 09:00AM GMT
Release Date Price: €32.6 (+21.91%)
Matias JÃ;rnefelt Harvia Oyj;CEO

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Hello, everyone, and welcome to Harvia's January to December 2023 earnings webcast. My name is Matias Järnefelt, I'm the CEO of Harvia, and with me, I have Ari Vesterinen, he is the Chief Financial Officer of Harvia.

Ari Vesterinen Harvia Oyj;CFO

Hello.

Matias JÃ;rnefelt Harvia Oyj;CEO

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I will first cover the key developments during the year, focusing mostly on quarter-four. Then Ari will be covering the numbers in more detail. And after the presentation, we will be happy to take your questions.

Let me first summarize the developments, especially during the quarter four. In quarter four, we returned back to growth after six consecutive quarters of sales decline. Our revenue increased by 3.4%. We still had some impact from our exit from Russian market during 2023, 2022 and organic growth was 5.2%.

This return to growth was driven very much by excellent performance in North America that has continued and also

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