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
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Q4 2022 Harvia Oyj Earnings Call Transcript

Feb 09, 2023 / 09:00AM GMT
Release Date Price: €22.1 (+11.17%)
Tapio Pajuharju

Hello, and welcome on board Harvia's '22 review and also a deep dive on the last quarter of last year. My name is Tapio Pajuharju, I'm the CEO; and next to me, we have Ari Vesterinen, our CFO.

Ari Vesterinen
Harvia Oyj - CFO & Secretary

Hello.

Tapio Pajuharju

So let's jump on the journey. And I think we have a very nice background picture. We hope that our customers and customers' customers have been enjoying the sauna and the health well-being on that one. We've been doing something else as well, and I will share what we've been doing in the short while.

So here we go. I think all in all, solid performance in a rather challenging market environment, I would maybe even call a good performance. And on the last quarter, we had a strong EBIT exceeding 20% despite of the headwind on the marketplace. Total revenue declined close to 18%, mainly driven by the European market and even more precise on the European market, still the so-called DACH region, especially Austria, Germany soft. Switzerland already

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