HLSE:HARVIALeisure
Harvia (HLSE:HARVIA) Stock Growth Meets A Stubborn Margin Squeeze
Harvia Oyj stock went into this earnings print with a strong tailwind, up about 15% over the past month and trading on a rich trailing P/E of 28.9. The immediate focus in the sauna specialist’s Q2 release is not the top line itself; it is the profit squeeze that came with it.
Revenue for the quarter landed at €52.9m while net income reached €5.5m. On the surface those are solid sauna sector numbers. The catch is that postponed deliveries and extra costs bit into margins, which is what the...