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Harvia Q1 2026: Record revenue and strong profitability

This release is a summary of Harvia Plc’s interim report for January–March 2026. The full report is attached to this release as a pdf file and is also available on Harvia’s website at https://harviagroup.com/.

Highlights of the review period

January–March 2026:

  • Revenue increased by 12.7% to a record high of EUR 58.6 million (52.0). Revenue at comparable exchange rates increased by 18.3% to EUR 61.5 million. Revenue growth was entirely organic.

  • Operating profit was EUR 12.8 million (11.9) or 21.9% (22.9%) of revenue.

  • Adjusted operating profit was EUR 12.9 million (11.9) or 22.0% (22.9%) of revenue. Adjusted operating profit at comparable exchange rates was EUR 13.8 million (22.4% of revenue).

  • Operating free cash flow was EUR 12.0 million (10.2) and cash conversion was 80.5% (73.7%).

  • Net debt was EUR 49.4 million (51.1). Leverage, calculated as the ratio of net debt to the adjusted EBITDA of the last 12 months, was 1.0 (1.1).

  • Equity ratio was 49.9% (47.7%).

  • Earnings per share was EUR 0.50 (0.45).

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