Harvia: Strong Revenue Beat, EBIT Below Expextations
Pinpoint consensus ahead of Harvia’s Q4 report is based on 144 estimates.
Net sales
Harvia reported net sales of 50.95 MEUR, an increase of 29.4% from the previous year’s 39.41 MEUR. The result exceeded the Pinpoint consensus of 44.84 MEUR by 13.8%.
EBIT
EBIT amounted to 8.42 MEUR, a decline of 8.7% from the previous year’s 9.23 MEUR. This was 14.3% below the Pinpoint consensus of 9.82 MEUR.
Margin
The result corresponds to a margin 16.5%, down from 23.4% the previous year and below the expected 21.9%.
"In the final quarter of 2024, Harvia achieved significant acceleration in growth while driving strategic initiatives aimed at supporting future expansion. Costs related to the growth initiatives as well as strong demand triggered by our winter campaigns with lower gross margin had an impact on the EBIT margin which was below our long-term target level." - Matias Järnefelt, CEO.
Pinpoint Estimates is an open platform that compiles estimates from investors and analysts ahead of publicly traded companies' quarterly and annual reports. Contributors are given different weights in the consensus based on their historical accuracy.