Harvia recognised as runner-up in the European Small and Mid-Cap Awards 2019

Harvia SMEawards 2019 International Star

Harvia recognised as runner-up in the European Small and Mid-Cap Awards 2019

Harvia has been recognised as runner-up for  International Star in the annual European Small and Mid-Cap Awards. The award nomination was based on Harvia’s impressive results in terms of international sales, profit and market share growth as well as export performance.

The European Small and Mid-Cap Awards Ceremony took place in November 12th 2019 in Brussels. Harvia was represented by Group Controller Katariina Vuorela.

The award nomination was based on Harvia’s impressive results in terms of international sales, profit and market share growth. Harvia was seen as a good candidate for the category International Star due to it exporting to more than 80 countries and increasing international share in Middle East and Asia.

European Small and Mid-Cap Awards, launched in 2013, was created by the European commission to recognise some of Europe’s smaller stock listed companies.

Harvia Plc listed on Nasdaq Helsinki stock exchange in March 2018. The successful IPO supported Harvia’s growth and internationalization in the sauna and spa market.

Harvia was shortlisted from some 27 nominations listed in ten different European stock exchanges. The Awards has four different categories, in which three of the best companies are chosen for the finals. In addition to Harvia, this year Finland was also represented by Admicom, a winner in the category of ”Star of 2019”. The selections were made by an independent, high-level jury, moderated by the European Commission.

The full press release announcing the winners and runners-up is available in the website of European Comission. The photos & videos from the ceremony evening will be uploaded on the website in the upcoming days. Read more: www.europeansmallandmidcapawards.eu.

Further information

Tapio Pajuharju, CEO
tel: +358 50 577 4200
tapio.pajuharju@harvia.fi

Ari Vesterinen, CFO
tel: +358 40 505 0440
ari.vesterinen@harvia.fi

Harvia is one of the leading companies operating in the sauna and spa market globally, as measured by revenue. Harvia’s brands and product portfolio are well-known in the market and the company’s comprehensive product portfolio strives to meet the needs of the international sauna and spa market of both private and professional customers.

Harvia’s revenue totaled EUR 61.9 million in 2018, its operating profit was EUR 9.4 million and adjusted operating profit EUR 10.9 million during the same period. The company employs some 400 professionals in Finland, China and Hong Kong, Romania, Austria, United States, Germany and Estonia. The company is headquartered in Muurame, Finland, adjacent to its largest sauna and sauna component manufacturing facility.